M&A Deal Summary

Odyssey Investment Partners and Bratenahl Capital Partners Acquire Avtech

On May 30, 2003, private equity firm Odyssey Investment Partners and family office Bratenahl Capital Partners acquired electronics company Avtech from DeCrane Aircraft Holdings for 147M USD

Acquisition Highlights
  • This is Odyssey Investment Partners’ 2nd and Bratenahl Capital Partners’ 1st transaction in the Electronics sector.
  • This is Odyssey Investment Partners’ 5th and Bratenahl Capital Partners’ 3rd largest (disclosed) transaction.
  • This is Odyssey Investment Partners’ 1st and Bratenahl Capital Partners’ 1st transaction in Taiwan.

M&A Deal Summary

Date 2003-05-30
Target Avtech
Sector Electronics
Buyer(s) Odyssey Investment Partners
Bratenahl Capital Partners
Sellers(s) DeCrane Aircraft Holdings
Deal Type Divestiture
Deal Value 147M USD

Target

Avtech

Taipei City, Taiwan
Avtech is a designer, developer and manufacturer of electronic systems for the aerospace industry. The Company offers audio, power, lighting and control products, which include digital control audio systems, audio mixers, windshield temperature controllers, active voltage harmonic filters, electronic ballasts, cargo fixtures, display switching unit and control panels. Avtech was founded in 1996 and is based in Taipei, Taiwan.

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Buyer(S) 2

Buyer

Odyssey Investment Partners

New York, New York, United States

Investor Investor Investor Investor Investor


Category Private Equity Firm
Founded 1997
PE ASSETS 8.2B USD
Size Mega
Type Sector Agnostic
DESCRIPTION

Odyssey Investment Partners is a private equity firm that seeks control/majority investments in middle-market companies. Odyssey looks to back existing management and make investments in the form of leveraged acquisitions, growth financings and recapitalizations. Sectors of interest include industrial manufacturing, business and financial services, aerospace products and services, and 'route-based services'. Odyssey Investment Partners is based in New York, New York.


DEAL STATS #
Overall 11 of 54
Sector: Electronics M&A 2 of 2
Type: Divestiture M&A Deals 2 of 6
Country: Taiwan M&A 1 of 1
Year: 2003 M&A 3 of 4
Size (of disclosed) 5 of 8
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2003-05-01 Aviation Technologies

Cleveland, Ohio, United States

Aviation Technologies, Inc. is a leading supplier of highly engineered electrical and electro-mechanical aircraft components used on most commercial, regional and business jet aircraft, as well as most military aircraft. Primary customers include original equipment manufacturers, commercial airlines, repair and maintenance facilities, and various segments of the U.S. government. ATI has two business units, Avtech, which supplies flight deck audio, power components, lighting and controls, and ADS/Transicoil, which supplies indicators, displays, panels and motion controls.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2003-06-01 United Site Services

Westborough, Massachusetts, United States

United Site Services is a provider of portable restrooms, temporary fence and related site services. With more than 85 locations coast to coast and the largest fleet of portable sanitation equipment, it is no wonder why United Site Services is trusted by more top industry professionals than any other temporary site service provider. Company wide selection of solutions, products, and our fast, courteous customer service provides peace of mind during all phases of your project or event. United Site Services was founded in 1999 and is based in Westborough, Massachusetts.

Buy -
DESCRIPTION

Bratenahl Capital Partners is a family-backed private investment group focused on fund as well as direct/co-investment opportunities. The Firm's direct investment practice seeks to commit $500K to $15 million in partnership with other funded or unfunded sponsors. Bratenahl does not have any sector preferences, but does prefer companies with diversified customers and experienced management in place. Bratenahl Capital Partners was formed in 2003 and is headquartered in Cleveland, Ohio.


DEAL STATS #
Overall 1 of 35
Sector: Electronics M&A 1 of 1
Type: Divestiture M&A Deals 1 of 5
Country: Taiwan M&A 1 of 1
Year: 2003 M&A 1 of 2
Size (of disclosed) 3 of 6
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2003-06-01 United Site Services

Westborough, Massachusetts, United States

United Site Services is a provider of portable restrooms, temporary fence and related site services. With more than 85 locations coast to coast and the largest fleet of portable sanitation equipment, it is no wonder why United Site Services is trusted by more top industry professionals than any other temporary site service provider. Company wide selection of solutions, products, and our fast, courteous customer service provides peace of mind during all phases of your project or event. United Site Services was founded in 1999 and is based in Westborough, Massachusetts.

Buy -

Seller(S) 1

SELLER

DeCrane Aircraft Holdings


Category Company
Sector Aerospace
DESCRIPTION


DEAL STATS #
Overall 1 of 2
Sector: Electronics M&A 1 of 1
Type: Divestiture M&A Deals 1 of 1
Country: Taiwan M&A 1 of 1
Year: 2003 M&A 1 of 1
Size (of disclosed) 1 of 1
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2009-07-01 Quality Assembly & Logistics

Marinette, Wisconsin, United States

Quality Assembly & Logistics LLC specializes in the manufacture and assembly of electro-mechanical components for use in various industries including medical equipment and fire suppression devices.

Sell -