M&A Deal Summary

OpenGate Capital Acquires Treality

On March 2, 2021, private equity firm OpenGate Capital acquired electrical equipment company Treality from TransDigm Group

Acquisition Highlights
  • This is OpenGate Capital’s 4th transaction in the Electrical Equipment sector.
  • This is OpenGate Capital’s 16th transaction in the United States.
  • This is OpenGate Capital’s 1st transaction in Ohio.

M&A Deal Summary

Date 2021-03-02
Target Treality
Sector Electrical Equipment
Buyer(s) OpenGate Capital
Sellers(s) TransDigm Group
Deal Type Divestiture

Target

Treality

Xenia, Ohio, United States
Treality develops and manufactures advanced visualization solutions primarily for the global defense, air traffic control, and security end markets. Treality was founded in 2014 and is based in Xenia, Ohio.

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Buyer(S) 1

Buyer

OpenGate Capital

Los Angeles, California, United States

Investor Investor Investor Investor Investor


Category Private Equity Firm
Founded 2005
PE ASSETS 890M USD
Size Middle-Market
Type Sector Agnostic
DESCRIPTION

OpenGate Capital is a private investment firm focused on acquiring divestitures of larger public corporations or troubled companies needing restructuring. OpenGate does not focus any particular industry and will consider opportunities throughout North America and Europe. The Firm's target companies with up to $1 billion of revenue and valued up to $300 million. OpenGate Capital was formed in 2005 and is based in Los Angeles, California.


DEAL STATS #
Overall 42 of 47
Sector (Electrical Equipment) 4 of 4
Type (Divestiture) 28 of 29
State (Ohio) 1 of 1
Country (United States) 16 of 20
Year (2021) 3 of 3
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2021-03-02 ScioTeq

Kortrijk, Belgium

ScioTeq develops and manufactures advanced visualization solutions primarily for the global defense, air traffic control, and security end markets. ScioTeq was founded in 2014 and is based in Kortrijk, Belgium.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2021-05-18 ENERGI Fenestration Solutions

Woodbridge, Ontario, Canada

ENERGI Fenestration Solutions is a manufacturer and distributor of a broad range of state-of-the-art exterior building materials for the home remodeling, building and municipal construction markets.

Sell -

Seller(S) 1

SELLER

TransDigm Group

Cleveland, Ohio, United States

Category Company
Founded 1993
Sector Aerospace
Employees15,500
Revenue 6.6B USD (2023)
DESCRIPTION

TransDigm Group is a designer, producer and supplier of highly engineered aircraft components for use on nearly all commercial and military aircraft platforms. TransDigm's major product lines include pumps, ignition system components, mechanical controls and actuators, engineered connectors, NiCad batteries and chargers, lavatory components and overhead bin latches. TransDigm Group was founded in 1983 and is based in Cleveland, Ohio.


DEAL STATS #
Overall 6 of 8
Sector (Electrical Equipment) 3 of 3
Type (Divestiture) 6 of 8
State (Ohio) 2 of 2
Country (United States) 3 of 4
Year (2021) 2 of 3
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2021-03-02 ScioTeq

Kortrijk, Belgium

ScioTeq develops and manufactures advanced visualization solutions primarily for the global defense, air traffic control, and security end markets. ScioTeq was founded in 2014 and is based in Kortrijk, Belgium.

Sell -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2021-04-13 Technical Airborne Components

Milmort, Belgium

Technical Airborne Components designs and manufactures rods and struts for the aerospace industry. TAC is recognized worldwide as the reference source for high-quality, custom-engineered control, structural and system rods. Its expertise in design, development, and manufacturing of metallic & composite struts and rods is complemented by related machined parts (e.g. cranks, brackets), special tubular links, telescopic rods, torque shafts, and special rod ends. Technical Airborne Components was founded in 1981 and is based in Milmort, Belgium.

Sell -