M&A Deal Summary

Natel Engineering Co. Acquires OnCore Manufacturing Services

On April 21, 2015, Natel Engineering Co. acquired manufacturer OnCore Manufacturing Services from Charlesbank Capital Partners

Acquisition Highlights
  • This is Natel Engineering Co.’s 1st transaction in the Manufacturing sector.
  • This is Natel Engineering Co.’s 2nd transaction in the United States.
  • This is Natel Engineering Co.’s 1st transaction in California.

M&A Deal Summary

Date 2015-04-21
Target OnCore Manufacturing Services
Sector Manufacturing
Buyer(s) Natel Engineering Co.
Sellers(s) Charlesbank Capital Partners
Deal Type Add-on Acquisition

Target

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.

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Buyer(S) 1

Buyer

Natel Engineering Co.

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 2 of 2
Sector: Manufacturing M&A 1 of 1
Type: Add-on Acquisition M&A Deals 2 of 2
State: California M&A 1 of 1
Country: United States M&A 2 of 2
Year: 2015 M&A 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2013-10-08 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.

Buy -

Seller(S) 1

SELLER

Charlesbank Capital Partners

Boston, Massachusetts, United States

Investor Investor Investor Investor Investor


Category Private Equity Firm
Founded 1998
PE ASSETS 6.0B USD
Size Mega
Type Sector Agnostic
DESCRIPTION

Charlesbank Capital Partners is a private equity firm focused on investing in companies at various stages of development, including private and public companies, distressed situations, as well as later stage high growth businesses. Charlesbank typically invests $50 to $150 million per deal, in companies valued between $150 million and $3 billion. Industries of interest include consumer products, distribution, energy, financial services, food, education, health-care products and services, manufacturing, media and communications, and retail. Charlesbank Capital Partners is based in Boston, Massachusetts with an additional office in New York City.


DEAL STATS #
Overall 33 of 52
Sector: Manufacturing M&A 3 of 3
Type: Add-on Acquisition M&A Deals 10 of 18
State: California M&A 2 of 5
Country: United States M&A 29 of 48
Year: 2015 M&A 3 of 5
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2015-03-31 Montpelier Re Holdings

Pembroke, Bermuda

Montpelier Re Holdings Ltd. is a insurance and reinsurance company that focuses on the property reinsurance market. Targeted lines of business include property catastrophe excess of loss reinsurance, property risk excess of loss reinsurance, facultative reinsurance, whole account quota share reinsurance, and property retrocession reinsurance.

Sell $1.8B
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2015-04-28 Del Taco

Lake Forest, California, United States

Del Taco offers a unique variety of both Mexican and American favorites such as burritos and fries, prepared fresh in every restaurant's working kitchen with the value and convenience of a drive-thru. Del Taco's menu items taste better because they are made with quality ingredients like freshly grilled chicken and carne asada steak, fresh house-made guacamole, freshly grated cheddar cheese, slow-cooked beans made from scratch, and creamy Queso Blanco. It serves more than three million guests each week at its approximately 600 restaurants across 16 states. Del Taco’s commitment to providing guests with the best quality and value for their money originates from cooking, chopping, shredding, and grilling menu items from scratch. Del Taco was founded in 1964 and is based in Lake Forest, California.

Sell -