M&A Deal Summary

N3 Capital Management Acquires Advance Switchboard Distribution

On October 7, 2024, private equity firm N3 Capital Management acquired electrical equipment company Advance Switchboard Distribution

Acquisition Highlights
  • This is N3 Capital Management’s 1st transaction in the Electrical Equipment sector.
  • This is N3 Capital Management’s 1st transaction in the United States.
  • This is N3 Capital Management’s 1st transaction in Illinois.

M&A Deal Summary

Date 2024-10-07
Target Advance Switchboard Distribution
Sector Electrical Equipment
Buyer(s) N3 Capital Management
Deal Type Buyout (LBO, MBO, MBI)

Target

Advance Switchboard Distribution

Elk Grove Village, Illinois, United States
Advance Switchboard Distribution is a UL-listed (UL-891, UL-67, UL-50) manufacturer of standard and custom power distribution systems. Advance Switchboard Distribution is based in Elk Grove Village, Illinois.

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Buyer(S) 1

DESCRIPTION

N3 Capital Management is a private investment firm that makes majority and minority investments in lower?middle?market US companies across the industrial services, consumer, business services, and real estate sectors. The Firm targets companies with up to $100?million in revenue and up to $10?million in EBITDA. N3 Capital Management was formed in 2022 and is based in Chicago, Illinois.


DEAL STATS #
Overall 1 of 1
Sector: Electrical Equipment M&A 1 of 1
Type: Buyout (LBO, MBO, MBI) M&A Deals 1 of 1
State: Illinois M&A 1 of 1
Country: United States M&A 1 of 1
Year: 2024 M&A 1 of 1