M&A Deal Summary

Riverside Acquires American Electronic Components

On November 1, 2002, private equity firm Riverside acquired electronics company American Electronic Components from Echlin

Acquisition Highlights
  • This is Riverside’s 2nd transaction in the Electronics sector.
  • This is Riverside’s 29th transaction in the United States.
  • This is Riverside’s 1st transaction in Indiana.
Investment Fate
  • American Electronic Components was sold to a strategic buyer in 2005.

M&A Deal Summary

Date 2002-11-01
Target American Electronic Components
Sector Electronics
Buyer(s) Riverside
Sellers(s) Echlin
Deal Type Buyout (LBO, MBO, MBI)

Target

American Electronic Components

Elkhart, Indiana, United States
AEC is an electrical lighting and electronic sensors company that designs, manufactures and sells sensors, switches and relays for the automotive market.

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Buyer(S) 1

Buyer

Riverside

New York, New York, United States

Investor Investor Investor Investor Investor


Category Private Equity Firm
Founded 1988
PE ASSETS 5.0B USD
Size Mega
Type Sector Agnostic
DESCRIPTION

The Riverside Company is a global private equity firm that seeks investments in profitable lower middle-market companies valued under $400 million. Riverside looks to invest in growth businesses headquartered in North America, Europe, and Asia (primarily Japan and South Korea), that have been in operation for at least five years. Riverside targets investments in a wide array of industries including distribution, automotive, healthcare, education, manufacturing, software, consumer services, plastics, publishing, food, communications, marine, and business services. Riverside was formed in 1988 and is based in New York City.


DEAL STATS #
Overall 37 of 295
Sector: Electronics M&A 2 of 8
Type: Buyout (LBO, MBO, MBI) M&A Deals 35 of 147
State: Indiana M&A 1 of 5
Country: United States M&A 29 of 203
Year: 2002 M&A 5 of 5
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2002-06-01 Whitney Automotive Group

Chicago, Illinois, United States

Whitney Automotive Group consists of J.C. Whitney, one of the largest catalog and Internet-direct marketers of automotive aftermarket parts; and Stylin? Trucks, a leading marketer of accessories for light-duty trucks, SUVs and minivans.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2002-12-16 AMI

Bristol, Pennsylvania, United States

AMI is a developer, manufacturer, and marketer of touchscreen countertop entertainment systems and software. The company’s proprietary touchscreen systems contain a “jukebox” of interactive games centered on trivia, strategy, cards, and sports/action categories. AMI was founded in 1977 and is based in Bristol, Pennsylvania.

Sell -

Seller(S) 1

SELLER

Echlin

Branford, Connecticut, United States

Category Company
Sector Automotive
DESCRIPTION

Echlin, based in Branford, is a worldwide producer of motor vehicle parts.


DEAL STATS #
Overall 1 of 1
Sector: Electronics M&A 1 of 1
Type: Buyout (LBO, MBO, MBI) M&A Deals 1 of 1
State: Indiana M&A 1 of 1
Country: United States M&A 1 of 1
Year: 2002 M&A 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
1995-10-05 American Electronic Components

Elkhart, Indiana, United States

AEC is an electrical lighting and electronic sensors company that designs, manufactures and sells sensors, switches and relays for the automotive market.

Buy $55M