M&A Deal Summary

Phoenix Mecano Acquires Orion Technologies

On January 1, 2017, Phoenix Mecano acquired manufacturer Orion Technologies from APC Holdings

Acquisition Highlights
  • This is Phoenix Mecano’s 1st transaction in the Manufacturing sector.
  • This is Phoenix Mecano’s 1st transaction in the United States.
  • This is Phoenix Mecano’s 1st transaction in Florida.

M&A Deal Summary

Date 2017-01-01
Target Orion Technologies
Sector Manufacturing
Buyer(s) Phoenix Mecano
Sellers(s) APC Holdings
Deal Type Add-on Acquisition

Target

Orion Technologies

Orlando, Florida, United States
Orion Technologies is an engineering firm specializing in the design and manufacture of rugged embedded electronics and systems for a multitude of military/aerospace, commercial, and industrial applications. Orion’s wide product offering includes rugged systems, single board computers, backplanes, switches, power supplies, development chassis, rear transition modules, I/O modules, and carrier cards as well as custom design and full integration services. Orion products and solutions are designed to meet U.S. military standards for a variety of rugged applications including airborne, land-based, and maritime operations. Orion Technologies was formed in 1990 and is based in Orlando, Florida.

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Buyer(S) 1

Buyer

Phoenix Mecano

Stein am Rhein, Switzerland

Category Company
Founded 1975
Sector Manufacturing
Employees6,700
Revenue 771M EUR (2024)
DESCRIPTION

Phoenix Mecano is a producer and seller of enclosures and industrial components worldwide. Phoenix Mecano was Phoenix Mecano founded in 1975 and is based in Stein am Rhein, Switzerland.


DEAL STATS #
Overall 2 of 2
Sector: Manufacturing M&A 1 of 1
Type: Add-on Acquisition M&A Deals 2 of 2
State: Florida M&A 1 of 1
Country: United States M&A 1 of 1
Year: 2017 M&A 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2002-04-16 Hartmann Elektronik

Stuttgart, Germany

Hartmann Elektronik GmbH is a developer and producer of back-planes and electronic packaging solutions in Stuttgart.

Buy -

Seller(S) 1

SELLER
DESCRIPTION

APC Holdings is a private investment firm focused on acquiring lower middle-market businesses in the financial services, energy, real estate, and outsourcing sectors. APC looks for businesses with stable cash-flows, high-margins (> 20%), diverse customers, defensible market positions, limited cyclicality, and high barriers to entry. Target EBITDA is typically between $5 and $15 million. APC prefers opportunities located in the Southeast US. APC Holdings was formed in 2003 and is based in Orlando, Florida.


DEAL STATS #
Overall 3 of 3
Sector: Manufacturing M&A 1 of 1
Type: Add-on Acquisition M&A Deals 2 of 2
State: Florida M&A 2 of 2
Country: United States M&A 2 of 2
Year: 2017 M&A 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2011-10-01 Orion Technologies

Orlando, Florida, United States

Orion Technologies is an engineering firm specializing in the design and manufacture of rugged embedded electronics and systems for a multitude of military/aerospace, commercial, and industrial applications. Orion’s wide product offering includes rugged systems, single board computers, backplanes, switches, power supplies, development chassis, rear transition modules, I/O modules, and carrier cards as well as custom design and full integration services. Orion products and solutions are designed to meet U.S. military standards for a variety of rugged applications including airborne, land-based, and maritime operations. Orion Technologies was formed in 1990 and is based in Orlando, Florida.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2020-05-11 Sequential Technology International

Bethlehem, Pennsylvania, United States

Sequential Technology International focuses on simplifying complex internal processes for large enterprises. Through its business process outsourcing, software, and IT consulting capabilities, STI delivers innovation and savings to its customers which include some of the largest communication service providers globally. STI provides solutions for B2C, B2B, Retail, eCommerce, and other business models, on a global scale. Sequential Technology International is based in Bethlehem, Pennsylvania.

Buy -