M&A Deal Summary

Reliance Electric Co. Acquires Utility Products Co.

On January 1, 1978, Reliance Electric Co. acquired utilities company Utility Products Co. from Hamilton Investment Partners

Acquisition Highlights
  • This is Reliance Electric Co.’s 1st transaction in the Utilities sector.
  • This is Reliance Electric Co.’s 1st transaction in the United States.
  • This is Reliance Electric Co.’s 1st transaction in Florida.

M&A Deal Summary

Date 1978-01-01
Target Utility Products Co.
Sector Utilities
Buyer(s) Reliance Electric Co.
Sellers(s) Hamilton Investment Partners
Deal Type Add-on Acquisition

Target

Utility Products Co.

Wabasso, Florida, United States
Utility Products Company offers a full line of pipe and conduit supports, brackets, and associated components. Utility Products has been an innovator in the field, introducing the first non-conductive pipe roller in 1968 and patenting a heavy duty concrete insert in 1989, supporting the highest load of any concrete insert in the industry. Reliance Electric Co acquired Utility Products in 1978.

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Buyer(S) 1

Buyer

Reliance Electric Co.

Cleveland, Ohio, United States

Category Company
Sector Manufacturing
DESCRIPTION

A leading manufacturer of industrial motors, electrical drives, mechanical power transmission products and systems, specialty telecommunications Products, and weighing equipment and systems.


DEAL STATS #
Overall 1 of 1
Sector: Utilities M&A 1 of 1
Type: Add-on Acquisition M&A Deals 1 of 1
State: Florida M&A 1 of 1
Country: United States M&A 1 of 1
Year: 1978 M&A 1 of 1

Seller(S) 1

SELLER

Hamilton Investment Partners

New York, New York, United States

Investor


Category Family Office
Size Small
Type Sector Agnostic
DESCRIPTION

Hamilton Investment Partners LLC is a private investment firm that makes equity investments in partnerships that focus primarily on small and middle market buyouts and growth capital financings. Hamilton is primarily interested in the sectors of energy, manufacturing, distribution, consumer products, education, financial services and business services. The firm typically commits between $4 million to $8 million of capital per transaction, and alongside investment partners may invest $10 million to $20 million. In general, Hamilton targets companies with revenues between $5 million to $50 million. The firm prefers not to limit itself geographically; instead, Hamilton looks for opportunities where the firm has the best quality contacts: the Northeast and Mid Atlantic. The firm invests in control and minority positions. Hamilton Investment Partners LLC is based in New York, New York.


DEAL STATS #
Overall 1 of 7
Sector: Utilities M&A 1 of 1
Type: Add-on Acquisition M&A Deals 1 of 5
State: Florida M&A 1 of 1
Country: United States M&A 1 of 7
Year: 1978 M&A 1 of 1
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
1999-01-01 Dental Concepts

Norristown, Pennsylvania, United States

Dental Concepts LLC engages in producing and marketing dental products and accessories. It offers oral care implements, including toothpicks and brushes, vibrating gum massagers, gum simulators, plaque and tartar removers, tooth-stain removers/polishers, and light-up dental mirrors. Dental Concepts sells its products through drug stores, grocery stores, and mass merchandisers, as well as retail and online stores in the United States and Canada.

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