M&A Deal Summary

Ripple Industries Acquires Schumacher

On April 20, 2022, private equity firm Ripple Industries acquired electrical equipment company Schumacher from Lincolnshire Management

Acquisition Highlights
  • This is Ripple Industries’ 1st transaction in the Electrical Equipment sector.
  • This is Ripple Industries’ 2nd transaction in the United States.
  • This is Ripple Industries’ 1st transaction in Illinois.

M&A Deal Summary
Date 2022-04-20
Target Schumacher
Sector Electrical Equipment
Buyer(s) Ripple Industries
Sellers(s) Lincolnshire Management
Deal Type Secondary Buyout
Advisor(s) Piper Sandler & Co. (Financial)
Kirkland & Ellis (Legal)

Target

Schumacher

Fort Worth, Illinois, United States
Schumacher is a provider of power conversion products to the consumer and professional global power supply markets. Schumacher’s products are available through a broad global sales channel from more than 30,000 distribution points, including major big-box retailers, specialty aftermarket outlets, and online e-commerce platforms. Schumacher Electric was founded in 1947 and is based in Fort Worth, Illinois.

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Buyer(S) 1

Buyer

Ripple Industries

Category Private Equity Firm
Size Small
Type Sector Agnostic
DESCRIPTION

Ripple Industries is a private equity firm that invests in a variety of industries and situations in the US. Ripple Industries is based in Los Angeles, California.

DEAL STATS #
Overall 2 of 2
Sector (Electrical Equipment) 1 of 1
Type (Secondary Buyout) 2 of 2
State (Illinois) 1 of 1
Country (United States) 2 of 2
Year (2022) 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2021-04-01 Aftermarket Performance Group

Salt Lake City, Utah, United States

Aftermarket Performance Group distributes aftermarket performance parts and accessories for diesel pickup trucks and distributes and retails direct-to-consumer online aftermarket parts for Jeep/Off-road vehicles, and Subaru/Compact-Performance vehicles and gas pickup trucks. Aftermarket Performance Group is based in Salt Lake City, Utah.

Buy -

Seller(S) 1

SELLER

Lincolnshire Management

Investor Investor Investor Investor Investor

Category Private Equity Firm
Founded 1986
PE ASSETS 1.9B USD
Size Large
Type Sector Agnostic
DESCRIPTION

Lincolnshire Management, Inc. (LMI) is a private equity firm focused on acquiring small and mid-sized companies in partnership with management. LMI typically targets companies with the majority of business conducted within the US. Prospective companies also have cash-flows of $5 to $50 million and significant opportunities for growth, either internally or through acquisitions. Target transaction situations include corporate divestitures, selling shareholders, and owners desiring liquidity. Lincolnshire Management was formed in 1986 and has office in New York City.

DEAL STATS #
Overall 22 of 23
Sector (Electrical Equipment) 1 of 1
Type (Secondary Buyout) 10 of 11
State (Illinois) 3 of 3
Country (United States) 21 of 22
Year (2022) 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2021-04-28 REMEDI8

Lenexa, Kansas, United States

REMEDI8 operates two divisions compliance services, which provides essential inspection and repair of fire and smoke doors, dampers, barriers, and complementary services to hospitals and other healthcare facilities and new build services, which provides planning, budgeting, consulting, and installation of thermal and moisture protection with a focus on data centers, education and commercial facilities. REMEDI8 was founded in 2008 and is based in Lenexa, Kansas.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2022-12-05 US Auto Supply

Elgin, Illinois, United States

US Auto Supply is a B2B cataloger and direct marketer (i.e., outbound call center and e-commerce) company serving the automotive body and mechanical repair shop industries, and, to a lesser degree, the veterinary, construction and trucking industries. US Auto Supply was founded in 1946 and is based in Elgin, Illinois.

Buy -
Mergr

Product

Company

Legal