M&A Deal Summary

Pentair Acquires Nuheat Industries

On April 30, 2015, Pentair acquired electronics company Nuheat Industries from Fulcrum Capital Partners

Acquisition Highlights
  • This is Pentair’s 1st transaction in the Electronics sector.
  • This is Pentair’s 2nd transaction in Canada.
  • This is Pentair’s 2nd transaction in British Columbia.

M&A Deal Summary

Date 2015-04-30
Target Nuheat Industries
Sector Electronics
Buyer(s) Pentair
Sellers(s) Fulcrum Capital Partners
Deal Type Add-on Acquisition
Advisor(s) Lazard Middle Market (Financial)

Target

Nuheat Industries

Delta, British Columbia, Canada
Nuheat Industries Ltd. is a manufacturer and distributor of electric underfloor heating systems in North America.

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Buyer(S) 1

Buyer

Pentair

London, United Kingdom

Category Company
Founded 1966
Sector Diversified
Employees10,500
Revenue 4.1B USD (2023)
DESCRIPTION
Pentair facility in Roseville, Minnesota.
Pentair facility in Roseville, Minnesota.

Pentair is a global diversified industrial products company. Pentair's Water and Fluid Solutions segment is a provider of water and fluid processing products and solutions used in a wide range of applications. Pentair's Technical Products segment is a provider of products that enclose and protect some of the world's most sensitive electronics and electrical equipment, ensuring their safe, secure, and reliable performance. Pentair was founded in 1966 and is based in London, England.


DEAL STATS #
Overall 9 of 17
Sector (Electronics) 1 of 2
Type (Add-on Acquisition) 6 of 13
State (British Columbia) 2 of 2
Country (Canada) 2 of 2
Year (2015) 1 of 2
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2013-03-21 Aspen Motion Technologies

Radford, Vermont, United States

Aspen Motion Technologies, Inc. is a designer and manufacturer of high-performance permanent magnet brushless DC motors, integrated digital controls and motorized impellers for motors. Aspen also specializes in custom motor designs for end product integration and significant product enhancement in a variety of high-performance industrial applications.

Sell $34M
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2015-08-18 ERICO International

Solon, Ohio, United States

ERICO International Corp. is a global manufacturer and marketer of superior engineered electrical and fastening products for niche electrical, mechanical and concrete applications.

Buy $1.8B

Seller(S) 1

SELLER

Fulcrum Capital Partners

Vancouver, British Columbia, Canada

Investor Investor Investor Investor Investor


Category Private Equity Firm
Founded 2011
PE ASSETS 1.0B CAD
Size Large
Type Sector Agnostic
DESCRIPTION

Fulcrum Capital Partners is a private equity firm focused on middle-market company acquisitions in Canada. The Firm looks to invest $10 to $35 million in companies generating up to $250 million in revenue. Industries of interest include services, manufacturing, consumer products, distribution, food, and retail. Prospective transaction situations include successions, growth capital financings, consolidations, buyouts, take privates, and pre-IPO financings. Fulcrum Capital Partners was formed in 2011 and is based in Vancouver, British Columbia.


DEAL STATS #
Overall 4 of 18
Sector (Electronics) 1 of 1
Type (Add-on Acquisition) 2 of 5
State (British Columbia) 1 of 2
Country (Canada) 4 of 18
Year (2015) 1 of 2
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2015-04-13 Innovative Steam Technologies

Cambridge, Ontario, Canada

Innovative Steam Technologies provides in the design, engineer, manufacture and installs proprietary heat recovery steam generators for power generation and enhanced oil recovery applications. Innovative Steam Technologies was founded in 1992 and is based in Cambridge, Ontario.

Buy $35M
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2015-07-01 G Adventures

Toronto, Ontario, Canada

G Adventures is an adventure travel tour operators in the world, offering travellers the opportunity to immerse themselves in local culture and experience active holidays. G Adventures was founded in 1990 and is based in Toronto, Ontario.

Sell -