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  6. Potter Electric Acquires TowerIQ

M&A Deal Summary

Potter Electric Acquires TowerIQ

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

Acquisition Highlights
  • 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.

M&A Deal Summary
Date 2020-01-14
Target TowerIQ
Sector Technology Hardware
Buyer(s) Potter Electric
Deal Type Add-on Acquisition

Target

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(S) 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 STATS #
Overall 2 of 2
Sector: Technology Hardware M&A 1 of 1
Type: Add-on Acquisition M&A Deals 2 of 2
State: New York M&A 1 of 1
Country: United States M&A 1 of 1
Year: 2020 M&A 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.

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