Add-on Acquisition • Technology Hardware

Potter Electric Acquires TowerIQ

On January 14, 2020, Potter Electric acquired technology hardware company TowerIQ

Acquisition Context

This is Potter Electric’s 1st transaction in the Technology Hardware sector.
This is Potter Electric’s 1st transaction in the United States.
This is Potter Electric’s 1st transaction in New York.

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M&A Deal Summary
Date	January 14, 2020
Target	TowerIQ
Sector	Technology Hardware
Buyer(s)	Potter Electric
Deal Type	Add-on Acquisition

Target Company

TowerIQ

Long Island City, New York, United States

TowerIQ, Inc. is the premier manufacturer of wireless life-safety systems and smart building technologies. TowerIQ's intelligent devices are engineered to be reliable, cost-effective, and easy-to-install while meeting all life-safety wireless requirements. Using simple solutions to complex problems, TowerIQ provides “Signal Where It Matters”.

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Buyer Overview 1

Buyer

Potter Electric

St. Louis, Missouri, United States

Category	Company
Founded	1898
Sector	Technology Hardware

DESCRIPTION

Potter Electric is a designer and manufacturer of mission-critical specialty electronic and electromechanical products for the fire safety industry. Potter Electric was founded in 1898 and is based in St. Louis, Missouri.

Deal Context for Buyer	#
Overall	2 of 2
Sector: Technology Hardware	1 of 1
Type: Add-on Acquisition	2 of 2
State: New York	1 of 1
Country: United States	1 of 1
Year: 2020	1 of 1

PREVIOUS DEAL

DATE	TARGET	DEAL TYPE	VALUE
2008-03-28	Elmdene International Portsmouth, United Kingdom Elmdene International Ltd. is a manufacturer of electronic products for the security, access control, CCTV and fire industries around the world, including power supplies, external/internal sounders, and magnetic contacts in addition to a range of ancillary products. Elmdene was formed in 1963 and is based in Portsmouth, United Kingdom.	Buy	-

DATE

TARGET

DEAL TYPE

VALUE

2008-03-28

Elmdene International

Portsmouth, United Kingdom

Elmdene International Ltd. is a manufacturer of electronic products for the security, access control, CCTV and fire industries around the world, including power supplies, external/internal sounders, and magnetic contacts in addition to a range of ancillary products. Elmdene was formed in 1963 and is based in Portsmouth, United Kingdom.

Buy

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