M&A Deal Summary

Pfingsten Partners Acquires Lumenier

On October 3, 2017, private equity firm Pfingsten Partners acquired technology hardware company Lumenier

Acquisition Highlights
  • This is Pfingsten Partners’ 2nd transaction in the Technology Hardware sector.
  • This is Pfingsten Partners’ 44th transaction in the United States.
  • This is Pfingsten Partners’ 3rd transaction in Florida.

M&A Deal Summary
Date 2017-10-03
Target Lumenier
Sector Technology Hardware
Buyer(s) Pfingsten Partners
Deal Type Buyout (LBO, MBO, MBI)

Target

Lumenier

Sarasota, Florida, United States
Lumenier is a designer, manufacturer, and online retailer of drone equipment, components, and replacement parts for racing, consumer, commercial and military applications. Lumenier is based in Sarasota, Florida.

Search 201,157 Deals Now

SEARCH BY

  • Buyer Type (PE or Strategic)
  • Deal Size ($10M to $10B+)
  • Sector (60 Sectors)
  • Deal Type
  • Geography
  • & More

Try For Free 7-Day Free Trial

Buyer(S) 1

Buyer

Pfingsten Partners

Chicago, Illinois, United States

Investor Investor Investor Investor Investor

Category Private Equity Firm
Founded 1989
PE ASSETS 1.3B USD
Size Large
Type Sector Agnostic
DESCRIPTION
Pfingsten's office building at 300 North LaSalle in Chicago.
Pfingsten's office building at 300 North LaSalle in Chicago.

Pfingsten Partners is a private equity firm focused on investments in niche manufacturing, distribution, and business services companies. The Firm targets platform companies headquartered in the US although add-on acquisitions can be located outside the US. Prospective companies typically have revenues of $20 to $150 million and EBITDA of $3 to $12 million. Transaction types include private companies undergoing an ownership transition, corporate divestitures, strategic add-ons, and turnarounds. Pfingsten only invests in situations allowing for control. Pfingsten will not invest in real estate, natural resources, highly regulated businesses, retail, restaurants, early-stage companies, or technology. Pfingsten Partners was formed in 1989 and is based in Chicago, Illinois.

DEAL STATS #
Overall 44 of 56
Sector (Technology Hardware) 2 of 3
Type (Buyout (LBO, MBO, MBI)) 29 of 31
State (Florida) 3 of 3
Country (United States) 44 of 56
Year (2017) 2 of 2
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2017-05-16 Sign-Zone

Brooklyn Center, Minnesota, United States

Sign-Zone is a manufacturer of wide-format, portable promotional signage and displays under the Showdown Displays, Jansen Display and Promic brand names. Products include table covers, retractable banners, event tents, sail signs, floor displays and other displays. Sign-Zone sells through an extensive network of promotional product distributors, sign shops and printers to end users in various end markets such as education, healthcare, financial services and technology. Sign-Zone was founded in 1999 and is headquartered in Brooklyn Center, Minnesota.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2017-12-01 AP+M

Boynton Beach, Florida, United States

AP+M is an independent stocking distributor of both heavy-duty and aeroderivative gas turbine parts. AP+M was established in 1990 and is based in Boynton Beach, Florida.

Sell -
Mergr

Product

Company

Legal