M&A Deal Summary

Parker Hannifin Acquires Vansco Electronics

On April 7, 2008, Parker Hannifin acquired electronics company Vansco Electronics from Kilmer Capital Partners and Perseis Partners

Acquisition Highlights
  • This is Parker Hannifin’s 2nd transaction in the Electronics sector.
  • This is Parker Hannifin’s 1st transaction in Canada.
  • This is Parker Hannifin’s 1st transaction in Manitoba.

M&A Deal Summary
Date 2008-04-07
Target Vansco Electronics
Sector Electronics
Buyer(s) Parker Hannifin
Sellers(s) Kilmer Capital Partners
Perseis Partners
Deal Type Add-on Acquisition

Target

Vansco Electronics

Winnipeg, Manitoba, Canada
Vansco Electronics, LP is a provider of custom electronic controls, displays, sensors and other related components are used in the agriculture, construction, bus, motor coach and recreational vehicle markets. The Company operates from Winnipeg, Manitoba and Valley City, North Dakota, serving an international customer base with both customized and standard proprietary products.

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Buyer(S) 1

Buyer

Parker Hannifin

Cleveland, Ohio, United States
Category Company
Founded 1917
Sector Machinery
Employees50,520
Revenue 19.9B USD (2024)
DESCRIPTION
Entrance to Parker Hannifin's corporate headquarters in Cleveland, Ohio.
Entrance to Parker Hannifin's corporate headquarters in Cleveland, Ohio.

Parker-Hannifin is a diversified manufacturer of motion and control technologies and systems, providing precision engineered solutions for a wide variety of mobile, industrial and aerospace markets. Parker Hannifin was formed in 1917 and is based in Cleveland, Ohio.

DEAL STATS #
Overall 41 of 73
Sector (Electronics) 2 of 2
Type (Add-on Acquisition) 25 of 51
State (Manitoba) 1 of 1
Country (Canada) 1 of 3
Year (2008) 2 of 14
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2008-01-01 SilverCloud

Millville, New Jersey,

Silver Cloud Manufacturing is a premier membrane switch manufacturer. Some of our products include quality membrane switches, membrane switch assemblies and graphic overlays. We combine knowledge, experience and manufacturing excellence. A subsidiary of Xymox Technologies. SilverCloud, Inc is an Add-on-acquisition company of Xymox Technologies, Inc.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2008-05-08 Hi-Tech Rubber

Anaheim, California, United States

Hi-Tech Rubber, Inc., is an custom molder of precision elastomeric components utilized primarily in the medical industry.

Buy -

Seller(S) 2

SELLER

Kilmer Capital Partners

Toronto, Ontario, Canada

Investor Investor Investor Investor

Category Private Equity Firm
Founded 1994
PE ASSETS 1.0B CAD
Size Middle-Market
Type Sector Agnostic
DESCRIPTION

Kilmer Capital Partners is a private equity investment firm that seeks small to mid market company investments to support expansions, acquisitions, buyouts, restructurings, recapitalizations and privatizations. Kilmer focuses its efforts within the electronics, communications, technology, food, textile, and media/entertainment sectors. The Firm's target investment size is C$75 to C$500 million in companies generating C$20 to C$200 million in sales. Kilmer will consider both majority and minority situations. Kilmer Capital Partners was formed in 1994 and is based in Toronto with an additional office in Montreal.

DEAL STATS #
Overall 3 of 11
Sector (Electronics) 2 of 2
Type (Add-on Acquisition) 1 of 8
State (Manitoba) 1 of 1
Country (Canada) 3 of 10
Year (2008) 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2007-12-21 Give and Go Prepared Foods

Toronto, Ontario, Canada

Give and Go Prepared Foods Corp. is a manufacturer of baked goods supplying retailers and the foodservice industry. With our extensive product selection and portfolio of successful brands, we cover all needs, from bite-sized treats under the bestselling two-bite brand, decadent cupcakes under Kimberley’s Bakeshoppe, feel-good granola snacks under Mason St. Bakehouse, or traditional treats under The Worthy Crumb Pastry Co. Give and Go Prepared Foods was founded in 1989 and is based in Toronto, Ontario.

Sell -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2009-02-01 Coalision

Longueuil, Quebec, Canada

Coalision is a active, outdoor apparel company. Coalision has developed brands in three key segments of the fast growing active lifestyle industry. Orage, a global, free-ski youth brand; Lolë, a technical, fashion forward brand for active women and Paradox, high performance base-layer clothing sold in the mass channel. Coalision’s products are sold throughout North America and in Europe through over 2,200 locations.

Buy -
SELLER

Perseis Partners

Toronto, Ontario, Canada
Category Private Equity Firm
Founded 2001
PE ASSETS 375M USD
Size Middle-Market
Type Sector Agnostic
DESCRIPTION

Perseis Partners, Inc. is a private equity firm that invests in small to mid-sized Canadian companies. The Firm generally looks to invest $15 to $60 million in companies valued from $30 to $250 million. Target sectors include professional services, specialized retail, energy services, healthcare, transportation, industrial, and consumer products. Perseis Partners was formed in 2001 and is based in Toronto, Ontario.

DEAL STATS #
Overall 4 of 5
Sector (Electronics) 1 of 1
Type (Add-on Acquisition) 4 of 5
State (Manitoba) 1 of 1
Country (Canada) 4 of 5
Year (2008) 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2007-10-01 Groupe Santé Sedna

Montreal, Quebec, Canada

Groupe Santé Sedna, Inc. is a provider of long-term care, medical-specialist and special-care, and nursing and personal-assistance services in Canada.

Sell -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2014-08-06 Greiche & Scaff

St-Laurent, Quebec, Canada

Greiche & Scaff is a retailer of prescription eye-wear. Greiche & Scaff was founded in 1976 and is based in St-Laurent, Quebec.

Sell $18M
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