M&A Deal Summary

Sensata Technologies Acquires Dynapower

On April 26, 2022, Sensata Technologies acquired electrical equipment company Dynapower from Pfingsten Partners for 580M USD

Acquisition Highlights
  • This is Sensata Technologies’ 5th transaction in the Electrical Equipment sector.
  • This is Sensata Technologies’ 3rd largest (disclosed) transaction.
  • This is Sensata Technologies’ 14th transaction in the United States.
  • This is Sensata Technologies’ 1st transaction in Vermont.

M&A Deal Summary

Date 2022-04-26
Target Dynapower
Sector Electrical Equipment
Buyer(s) Sensata Technologies
Sellers(s) Pfingsten Partners
Deal Type Add-on Acquisition
Deal Value 580M USD

Target

Dynapower

South Burlington, Vermont, United States
Dynapower is a designer and manufacturer of custom, high power AC and DC power supplies, energy management systems and power transformers for the mining, metal finishing, electrochemical, military and energy management end markets. Dynapower was established in 1963 and is headquartered in South Burlington, Vermont.

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Buyer(S) 1

Buyer

Sensata Technologies

Attleboro, Massachusetts, United States

Category Company
Founded 1916
Sector Electrical Equipment
Employees19,400
Revenue 4.1B USD (2023)
DESCRIPTION

Sensata Technologies is a provider of sensing, electrical protection, control, and power management solutions with operations and business centers in 11 countries. Sensata's products improve safety, efficiency, and comfort for millions of people every day in automotive, appliance, aircraft, industrial, military, heavy vehicle, heating, air-conditioning and ventilation, data, telecommunications, recreational vehicle, and marine applications. Sensata Technologies was founded in 1916 and is based in Attleboro, Massachusetts.


DEAL STATS #
Overall 16 of 16
Sector (Electrical Equipment) 5 of 5
Type (Add-on Acquisition) 14 of 14
State (Vermont) 1 of 1
Country (United States) 14 of 14
Year (2022) 2 of 2
Size (of disclosed) 3 of 6
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2022-02-22 Elastic M2M

Reston, Virginia, United States

Elastic M2M is a provider of platform to build connected applications and maximize the value of fleet and business user data using powerful analytics and machine learning. Elastic M2M is based in Reston, Virginia.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2024-09-30 Xirgo Technologies

Thousand Oaks, California, United States

Xirgo Technologies is a provider of IoT solutions, including Xirgo-branded vehicle and asset telematics hardware, SmartWitness AI driver cameras, and Elastic M2M enterprise-class software. Xirgo Technologies is based in Thousand Oaks, California.

Sell -

Seller(S) 1

SELLER

Pfingsten Partners

Chicago, Illinois, United States

Investor Investor Investor Investor Investor


Category Private Equity Firm
Founded 1989
PE ASSETS 1.3B USD
Size Large
Type Sector Agnostic
DESCRIPTION
Pfingsten's office building at 300 North LaSalle in Chicago.
Pfingsten's office building at 300 North LaSalle in Chicago.

Pfingsten Partners is a private equity firm focused on investments in niche manufacturing, distribution, and business services companies. The Firm targets platform companies headquartered in the US although add-on acquisitions can be located outside the US. Prospective companies typically have revenues of $20 to $150 million and EBITDA of $3 to $12 million. Transaction types include private companies undergoing an ownership transition, corporate divestitures, strategic add-ons, and turnarounds. Pfingsten only invests in situations allowing for control. Pfingsten will not invest in real estate, natural resources, highly regulated businesses, retail, restaurants, early-stage companies, or technology. Pfingsten Partners was formed in 1989 and is based in Chicago, Illinois.


DEAL STATS #
Overall 36 of 40
Sector (Electrical Equipment) 6 of 6
Type (Add-on Acquisition) 15 of 16
State (Vermont) 1 of 1
Country (United States) 36 of 40
Year (2022) 1 of 4
Size (of disclosed) 1 of 6
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2022-01-06 Fairbank Equipment

Wichita, Kansas, United States

Fairbank Equipment is a distributor of application and control equipment used in the agriculture and energy industries. Fairbank Equipment is based in Wichita, Kansas.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2022-07-08 Oliver

Hauppauge, New York, United States

Oliveris a manufacturer of value-added marketing collateral, packaging, and POP displays. The company is a provider of highly customized, quick turnaround marketing and packaging solutions to a diverse customer base across the health and beauty, consumer goods, financial services, building products, and specialty food and beverage end-markets. Oliver was founded in 1924 and is based in Hauppauge, New York.

Sell -