M&A Deal Summary

Qnnect Acquires Legacy Technologies

On March 6, 2023, Qnnect acquired manufacturer Legacy Technologies from Capital For Business

Acquisition Highlights
  • This is Qnnect’s 1st transaction in the Manufacturing sector.
  • This is Qnnect’s 5th transaction in the United States.
  • This is Qnnect’s 1st transaction in Kansas.

M&A Deal Summary

Date 2023-03-06
Target Legacy Technologies
Sector Manufacturing
Buyer(s) Qnnect
Sellers(s) Capital For Business
Deal Type Add-on Acquisition

Target

Legacy Technologies

Mission, Kansas, United States
Legacy Technologies is a manufacturer of glass-to-metal hermetically sealed enclosures for original equipment manufacturers and their sub-component suppliers. LTI’s wide range of hermetic seal capabilities have been used to design, develop, and manufacture hermetic connectors for many industries including aerospace, telecommunications, medical, automotive and sensor applications. Legacy Technologies is based in Mission, Kansas.

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Buyer(S) 1

Buyer

Qnnect

Painesville, Ohio, United States

Category Company
Sector Electrical Equipment
DESCRIPTION

Qnnect is a producer of highly engineered electronic interconnect solutions for high-density and high-speed applications of leading original equipment manufacturers. Qnnect is based in Painesville, Ohio.


DEAL STATS #
Overall 5 of 5
Sector: Manufacturing M&A 1 of 1
Type: Add-on Acquisition M&A Deals 5 of 5
State: Kansas M&A 1 of 1
Country: United States M&A 5 of 5
Year: 2023 M&A 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2022-11-03 Hermetic Solutions Group

Trevose, Pennsylvania, United States

Hermetic Solutions Group is a provider of advanced hermetic packaging and components designed to ensure critical electronic systems function reliably in demanding environments where it is essential to control for factors such as weight, space, vibration, temperature, moisture and off-gassing. Hermetic Solutions Group was founded in 2016 and is based in Pennsylvania, United States.

Buy -

Seller(S) 1

SELLER

Capital For Business

St. Louis, Missouri, United States

Investor Investor Investor Investor Investor


Category Private Equity Firm
Founded 1959
PE ASSETS 200M USD
Size Small
Type Sector Agnostic
DESCRIPTION

Capital for Business (CFB) is a private investment firm focused on providing junior capital to growing lower middle-market companies with at least $10 to $100 million in sales. CFB targets businesses serving niche consumer, commercial, distribution, manufacturing, and service markets throughout the United States. Funds are typically used to support management buyouts, leveraged buyouts, recapitalizations, corporate divestitures, growth financings, and going-private transactions. CFB will not invest in start-ups, turnarounds, unproven technologies, biotech, real estate, and financial institutions. Capital for Business was founded in 1959 and is headquartered in St. Louis, Missouri.


DEAL STATS #
Overall 18 of 23
Sector: Manufacturing M&A 7 of 8
Type: Add-on Acquisition M&A Deals 8 of 9
State: Kansas M&A 3 of 3
Country: United States M&A 18 of 23
Year: 2023 M&A 2 of 3
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2023-02-01 Vehicle Security Innovators

Green Bay, Wisconsin, United States

Vehicle Security Innovators is a manufacturer of vehicle security products for truck OEM & aftermarket segments, VSI through its other business units (Pop & Lock, Freight Defense, and Simply Keys) provides aftermarket security systems and accessories for passenger vehicles, truck fleets and manufacturers of construction equipment, toolboxes, handles, and latches. Vehicle Security Innovators was founded in 1948 and is based in Green Bay, Wisconsin.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2023-08-03 PFI Instore

Hazelwood, Missouri, United States

PFI Instore is a merchandising solution provider to retailers and consumer-branded product companies. PFI's products and solutions can be found in most major convenience, grocery, specialty, and department stores in the United States. PFI Instore was founded in 1956 and is based in Hazelwood, Missouri.

Sell -