M&A Deal Summary |
|
|---|---|
| Date | 2023-11-14 |
| Target | Motion Solutions |
| Sector | Distribution |
| Buyer(s) | Novanta |
| Sellers(s) | Frontenac |
| Deal Type | Add-on Acquisition |
| Deal Value | 189M USD |
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| Category | Company |
|---|---|
| Founded | 1968 |
| Sector | Technology Hardware |
| Employees | 2,900 |
| Revenue | 882M USD (2023) |
Novanta is a provider of core technology solutions that give medical and advanced industrial original equipment manufacturers a competitive advantage. The Company combines deep proprietary technology expertise and competencies in precision medicine and manufacturing, medical solutions, and robotics and automation with a proven ability to solve complex technical challenges. Novanta was founded in 1968 and is based in Bedford, Massachusetts.
| DEAL STATS | # |
|---|---|
| Overall | 13 of 13 |
| Sector (Distribution) | 1 of 1 |
| Type (Add-on Acquisition) | 10 of 10 |
| State (California) | 3 of 3 |
| Country (United States) | 9 of 9 |
| Year (2023) | 1 of 1 |
| Size (of disclosed) | 2 of 9 |
| DATE | TARGET | DEAL TYPE | VALUE |
|---|---|---|---|
| 2021-07-19 |
ATI Industrial Automation
Apex, North Carolina, United States ATI Industrial Automation is a provider of intelligent end-of-arm technology solutions to original equipment manufacturers ("OEMs") for advanced industrial and surgical robots. ATI develops, manufactures, and sells products such as robotic changing systems, force/torque sensors, and collision sensors for industrial, collaborative, and medical robotic applications. ATI Industrial Automation was founded in 1989 and is based in Apex, North Carolina. |
Buy | $172M |
| Category | Private Equity Firm |
|---|---|
| Founded | 1971 |
| PE ASSETS | 2.1B USD |
| Size | Large |
| Type | Sector Agnostic |
Frontenac is a Midwest US-based private equity firm that seek profitable, lower middle-market company investments with $5 to $25 million of EBITDA. Frontenac typically partners with management when pursuing acquisitions, including companies managed by owner-operators. Sectors of interest include financial services, healthcare services, education/HR services, manufacturing, publishing/media, and technology services. Frontenac was formed in 1971 and is based in Chicago, Illinois.
| DEAL STATS | # |
|---|---|
| Overall | 59 of 59 |
| Sector (Distribution) | 7 of 7 |
| Type (Add-on Acquisition) | 22 of 22 |
| State (California) | 11 of 11 |
| Country (United States) | 57 of 57 |
| Year (2023) | 2 of 2 |
| Size (of disclosed) | 5 of 16 |
| DATE | TARGET | DEAL TYPE | VALUE |
|---|---|---|---|
| 2023-10-19 |
CCI Prime
Bethlehem, Pennsylvania, United States CCI Prime is a branded manufacturer and importer of Asian-style food products selling primarily under the Prime Foods and Chan & Chan brands. CCI Prime is based in Bethlehem, Pennsylvania. |
Buy | - |
| DATE | TARGET | DEAL TYPE | VALUE |
|---|---|---|---|
| 2023-11-28 |
Integrated Openings Solutions
Olathe, Kansas, United States Integrated Openings Solutions is a value-added distributor and service & repair provider of commercial door, hardware, and access control solutions. Integrated Openings Solutions was founded in 2018 and is based in Olathe, Kansas. |
Buy | - |
