M&A Deal Summary

PKC Group Acquires AEES

On October 3, 2011, PKC Group acquired electrical equipment company AEES from Platinum Equity

Acquisition Highlights
  • This is PKC Group’s 1st transaction in the Electrical Equipment sector.
  • This is PKC Group’s 1st transaction in the United States.
  • This is PKC Group’s 1st transaction in Michigan.

M&A Deal Summary
Date 2011-10-03
Target AEES
Sector Electrical Equipment
Buyer(s) PKC Group
Sellers(s) Platinum Equity
Deal Type Add-on Acquisition

Target

AEES

Farmington Hills, Michigan, United States
AEES, Inc. provides wire harness and electrical distribution products to major domestic and international automotive original equipment manufacturers and tier-one suppliers.

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Buyer(S) 1

Buyer

PKC Group

Helsinki, Finland
Category Company
Founded 1969
Sector Manufacturing
Revenue 847M EUR (2015)
DESCRIPTION

PKC Group designs, manufactures, and integrates electrical distribution systems, electronics, and related architecture components for the commercial vehicle industry and other selected sectors. PKC Group was formed in 1969 and is based in Helsinki, Finland.

DEAL STATS #
Overall 1 of 1
Sector (Electrical Equipment) 1 of 1
Type (Add-on Acquisition) 1 of 1
State (Michigan) 1 of 1
Country (United States) 1 of 1
Year (2011) 1 of 1

Seller(S) 1

SELLER

Platinum Equity

Beverly Hills, California, United States

Investor Investor Investor Investor Investor

Category Private Equity Firm
Founded 1995
PE ASSETS 48.0B USD
Size Mega
Type Sector Agnostic
DESCRIPTION
Platinum Equity's headquarters in Beverly Hills, California.
Platinum Equity's headquarters in Beverly Hills, California.

Platinum Equity is a private equity firm focused on acquiring divestitures of larger public companies primarily in North America and Europe. Historically, Platinum targeted technology/software related businesses, however, the firm has since branched out beyond tech and will consider acquisitions in a broad range of industries including chemicals, communications, logistics, healthcare, automotive, industrial products, and business services. Platinum Equity was formed in 1995 by Tom Gores and is based in Beverly Hills, California.

DEAL STATS #
Overall 16 of 78
Sector (Electrical Equipment) 1 of 2
Type (Add-on Acquisition) 9 of 39
State (Michigan) 1 of 5
Country (United States) 13 of 65
Year (2011) 4 of 6
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2011-09-30 iET Solutions

Framingham, Massachusetts, United States

iET Solutions LLC develops and supports award-winning software applications for the IT service management market.

Sell -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2011-10-27 NESCO

Bluffton, Indiana, United States

NESCO LLC offers its specialized equipment to a diverse customer base for the maintenance, repair, upgrade and installation of critical infrastructure assets including electric lines, telecommunications networks, and rail systems. With a nationwide rental fleet of approximately 4,000 units.

Buy -
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