M&A Deal Summary

Natel Engineering Acquires EPIC Technologies

On October 8, 2013, Natel Engineering acquired electronics company EPIC Technologies from CIVC Partners and Cyprium Partners

Acquisition Highlights
  • This is Natel Engineering’s 1st transaction in the Electronics sector.
  • This is Natel Engineering’s 1st transaction in the United States.
  • This is Natel Engineering’s 1st transaction in Texas.

M&A Deal Summary
Date 2013-10-08
Target EPIC Technologies
Sector Electronics
Buyer(s) Natel Engineering
Sellers(s) CIVC Partners
Cyprium Partners
Deal Type Add-on Acquisition
Advisor(s) Lincoln International (Financial)

Target

EPIC Technologies

El Paso, Texas, United States
EPIC Technologies, LLC is a rapidly growing provider of electronic manufacturing services (EMS), supplying printed circuit board assemblies (PCBAs) and related components to major electronic product manufacturers.

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Buyer(S) 1

Buyer

Natel Engineering

Chatsworth, California, United States
Category Company
Founded 1975
Sector Electrical Equipment
DESCRIPTION

Natel Engineering Co., Inc. is an independent manufacturer of various standard electronic components. Since then, we have evolved into an engineering solutions provider for low-to-high-volume and high-mix assembly services for Fortune 500 companies.

DEAL STATS #
Overall 1 of 2
Sector (Electronics) 1 of 1
Type (Add-on Acquisition) 1 of 2
State (Texas) 1 of 1
Country (United States) 1 of 2
Year (2013) 1 of 1
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2015-04-21 OnCore Manufacturing Services

San Jose, California, United States

OnCore Manufacturing Services LLC is a provider of product commercialization services for low-medium volume, high-complexity products to international blue-chip aerospace and defense, industrial and medical companies.

Buy -

Seller(S) 2

SELLER

CIVC Partners

Chicago, Illinois, United States

Investor Investor Investor Investor Investor

Category Private Equity Firm
Founded 1970
PE ASSETS 2.0B USD
Size Large
Type Sector Agnostic
DESCRIPTION

CIVC Partners is a private equity firm that provides buyout and growth capital to middle-market businesses located in the US and Canada. CIVC invests in companies generating sales of $40 - $300 million with an EBITDA of $5 to $25 million. Sectors of interest include Business Services, Information Services, Facility Services, Insurance Services, Transportation & Logistics, Tech-enabled Services, BPO, SaaS, Compliance Services, Corporate Training, IT Services, and Utility Services. The firm invests in the range of $20 - $100 million per transaction. CIVC prefers to be the lead equity sponsor and will consider both majority and minority investment situations. CIVC Partners was formed in 1970 and is based in Chicago, Illinois.

DEAL STATS #
Overall 31 of 48
Sector (Electronics) 2 of 2
Type (Add-on Acquisition) 7 of 14
State (Texas) 5 of 6
Country (United States) 31 of 47
Year (2013) 3 of 4
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2013-05-06 Artera Services

Atlanta, Georgia, United States

Artera Services is a provider of integrated infrastructure services to natural gas and electric industries across 34 states. Artera delivers maintenance and construction services to energy utilities, infrastructure companies, municipalities, and cooperatives across America. Artera Services was founded in 2012 and is based in Atlanta, Georgia.

Sell -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2013-11-11 BrightView

Blue Bell, Maryland, United States

BrightView is a provider of commercial landscaper, designs, creates, and maintains the landscapes on earth and provides comprehensive snow and ice removal services. BrightView was founded in 1939 and is based in Blue Bell, Maryland.

Sell $1.6B
SELLER

Cyprium Partners

Cleveland, Ohio, United States

Investor Investor Investor Investor Investor

Category Mezzanine Finance Firm
Founded 1998
PE ASSETS 1.8B USD
Size Large
Type Sector Agnostic
DESCRIPTION

Cyprium Partners is a private investment firm that provides mezzanine and equity capital to profitable, middle-market companies. The Firm will consider both non-control and control positions in businesses with revenue of $50 to $300 million and at least $8 million of EBITDA. Sectors of interest include traditional industries such as manufacturing, distribution, and services. Cyprium avoids investments in financial services, real estate, energy, commodities, natural resources, restaurants, long-term care and healthcare companies. Cyprium was formerly known as Key Principal Partners. The Firm has offices in Cleveland, Ohio and New York City.

DEAL STATS #
Overall 23 of 28
Sector (Electronics) 1 of 2
Type (Add-on Acquisition) 9 of 11
State (Texas) 2 of 2
Country (United States) 22 of 27
Year (2013) 2 of 2
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2013-10-02 KanPak

Arkansas City, Kansas, United States

Kan-Pak is a leading manufacturer of low-acid, shelf stable beverages, frozen dessert mixes, smoothies and nutritional drinks in both ready-to-use and concentrated formulas. The Company primarily serves quick service restaurants (QSRs), convenience stores, drug stores, retail chains, and private label food manufacturers. Cyprium Partners’ investment supported a meaningful equipment and facility expansion program that was necessary for the Company to meet anticipated future demand.

Sell -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2014-01-01 ACT Entertainment

Jackson, Missouri, United States

ACT Entertainment is a distributor and manufacturer of lighting control consoles, lighting fixtures, and ancillary products for the live entertainment market. As the exclusive U. S. distributor for two premiers European OEMs, Clay Paky and MA Lighting. ACT Entertainment was founded in 1993 and is based in Jackson, Missouri.

Buy -
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