M&A Deal Summary

Patton Electronics Company Acquires Clear-to-Send Electronics

On December 1, 1999, Patton Electronics Company acquired communications company Clear-to-Send Electronics from Antares Capital

Acquisition Highlights
  • This is Patton Electronics Company’s 1st transaction in the Communications sector.
  • This is Patton Electronics Company’s 1st transaction in the United States.
  • This is Patton Electronics Company’s 1st transaction in Maryland.

M&A Deal Summary

Date 1999-12-01
Target Clear-to-Send Electronics
Sector Communications
Buyer(s) Patton Electronics Company
Sellers(s) Antares Capital
Deal Type Add-on Acquisition

Target

Clear-to-Send Electronics

Gaithersburg, Maryland, United States
Clear-to-Send Electronics is a data communications and network products and communications test equipment. Clear-to-Send Electronics is based in Gaithersburg, Maryland.

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Buyer(S) 1

Buyer

Patton Electronics Company

Gaithersburg, Maryland, United States

Category Company
Founded 1984
Sector Electronics
DESCRIPTION

Patton Electronics Company, Inc. designs, develops, and manufactures electronic communications equipment for the telecommunications industry.


DEAL STATS #
Overall 1 of 1
Sector: Communications M&A 1 of 1
Type: Add-on Acquisition M&A Deals 1 of 1
State: Maryland M&A 1 of 1
Country: United States M&A 1 of 1
Year: 1999 M&A 1 of 1

Seller(S) 1

SELLER

Antares Capital

Miami, Florida, United States

Investor Investor


Category Private Equity Firm
Founded 1993
Size Small
Type Sector Agnostic
DESCRIPTION

Antares Capital is a private investment group that targets growth capital financings as well as management buyout opportunities. The Firm focuses on investments based in the Southeast US and Texas. Prospective companies generally have proven business models, modest capital requirements for growth, and operate in large and growing markets. The Firm looks to commit $500k to $5 million per investment. Antares will not invest in real estate, mineral exploration, distributors, franchisees, or project financings. Antares was founded in 1993 and is based in Miami, Florida.


DEAL STATS #
Overall 14 of 45
Sector: Communications M&A 1 of 1
Type: Add-on Acquisition M&A Deals 5 of 19
State: Maryland M&A 1 of 1
Country: United States M&A 13 of 44
Year: 1999 M&A 3 of 3
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
1999-05-01 Bankrate

New York, New York, United States

Bankrate is an online publisher, aggregator, and distributor of personal finance content. The Company's vision is to help consumers Maximize Your Money when they borrow, save or invest. With this in mind, RATE aggregates large scale audiences of in-market consumers by providing them with proprietary, fully researched, comprehensive, independent and objective personal finance and related editorial content across multiple vertical categories including credit cards, mortgages, deposits, senior care and other categories, such as personal and auto loans retirement, and taxes. RATE's flagship sites CreditCards.com, Bankrate.com, and Caring.com are leading destinations in each of their respective verticals and connect their vast audiences with financial service and senior care providers and other contextually relevant advertisers. RATE also owns and operates a number of specialist sites, apps and social platforms, including NextAdvisor.com, The Points Guy, Interest.com, Quizzle.com and Walla.by. Bankrate also develops and provides content, tools, web services and co-branded websites to over 100 online partners, including Yahoo!, CNBC and MarketWatch. In addition, Bankrate licenses editorial content to leading news organizations such as The Wall Street Journal and The New York Times. Bankrate was founded in 1976 and is based in New York.

Sell -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
1999-12-12 National Product Services

Irving, Texas, United States

National Product Services is a provider of outsourced merchandising services to major consumer product manufacturers and large retail chains nationwide. National Product Services was founded in 1999 and is based Irving, Texas.

Buy -