M&A Deal Summary

Monroe Engineering Acquires Magnus Mobility Systems

On November 1, 2018, Monroe Engineering acquired distribution company Magnus Mobility Systems

Acquisition Highlights
  • This is Monroe Engineering’s 3rd transaction in the Distribution sector.
  • This is Monroe Engineering’s 4th transaction in the United States.
  • This is Monroe Engineering’s 1st transaction in California.

M&A Deal Summary

Date 2018-11-01
Target Magnus Mobility Systems
Sector Distribution
Buyer(s) Monroe Engineering
Deal Type Add-on Acquisition

Target

Magnus Mobility Systems

Irvine, California, United States
Magnus Mobility Systems is a value-added supplier of casters, wheels, gas springs, and specialty bearings, primarily serving an OEM customer base.

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Buyer(S) 1

Buyer

Monroe Engineering

Rochester Hills, Michigan, United States

Category Company
Founded 1968
Sector Distribution
DESCRIPTION

Monroe Engineering is a distributor of a broad portfolio of custom and standard hardware and component products for original equipment manufacturers, as well as maintenance, repair and operations applications. Monroe Engineering serves customers across a wide range of end markets including aerospace, defense, medical, transportation, consumer goods, building products, and other diversified industrial markets. Monroe Engineering was founded in 1968 and is based in Rochester Hills, Michigan.


DEAL STATS #
Overall 4 of 10
Sector: Distribution M&A 3 of 8
Type: Add-on Acquisition M&A Deals 4 of 10
State: California M&A 1 of 1
Country: United States M&A 4 of 10
Year: 2018 M&A 2 of 2
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2018-01-02 Spangle Fasteners

Fort Wayne, Indiana, United States

Spangle Fasteners, Inc. is a distributor of industrial hardware, specializing in fasteners (nuts, bolts, and screws), primarily serving an OEM customer base. Spangle Fasteners, Inc. components are used in the manufacture of various products such as commercial garage doors, agricultural pumps, and equipment trailers.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2019-07-23 Atlantic Teleconnect

North Port, Florida, United States

Atlantic Teleconnect, Inc. is a value-added supplier of custom cable and wire harness solutions, primarily serving original equipment manufacturers in aerospace, defense, and healthcare end markets.

Buy -