M&A Deal Summary

Sensata Technologies Acquires Wabash Technologies

On January 2, 2014, Sensata Technologies acquired test/measurement equipment company Wabash Technologies from Sun Capital Partners

Acquisition Highlights
  • This is Sensata Technologies’ 2nd transaction in the Test/Measurement Equipment sector.
  • This is Sensata Technologies’ 4th transaction in the United States.
  • This is Sensata Technologies’ 1st transaction in Indiana.

M&A Deal Summary
Date 2014-01-02
Target Wabash Technologies
Sector Test/Measurement Equipment
Buyer(s) Sensata Technologies
Sellers(s) Sun Capital Partners
Deal Type Add-on Acquisition
Advisor(s) Lincoln International (Financial)

Target

Wabash Technologies

Huntington, Indiana, United States
Wabash Technologies designs and manufactures sensor and actuator products for the automotive, heavy-duty truck and off-highway sectors.

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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 4 of 16
Sector (Test/Measurement Equipment) 2 of 2
Type (Add-on Acquisition) 3 of 14
State (Indiana) 1 of 1
Country (United States) 4 of 14
Year (2014) 1 of 3
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2012-10-01 WELLS-CTI

Vancouver, Washington, United States

Wells-CTI manufactures high performance thermal management solutions, burn-in sockets and other ATE consumables for the semiconductor test industry.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2014-08-04 CoActive Technologies

Hong Kong, China

CoActive Technologies, Inc. is a manufacturer of electromechanical switches, interface controls, keypads and dome arrays, for a variety of industries including industrial equipment, mobile communications, computer and automotive.

Buy -

Seller(S) 1

SELLER

Sun Capital Partners

Boca Raton, Florida, United States

Investor Investor Investor Investor Investor

Category Private Equity Firm
Founded 1995
PE ASSETS 13.0B USD
Size Mega
Type Sector Agnostic
DESCRIPTION
Sun Capital's corporate headquarters in Boca Raton, Florida.
Sun Capital's corporate headquarters in Boca Raton, Florida.

Sun Capital Partners is a large private equity firm focused on leveraged buyouts, equity, debt, and other control investments in North America, Asia, and Europe. Sun looks for businesses that can benefit from the Firm's operating experience including underperformers, turnarounds, and special situations. Target companies typically have $50 million to $1 billion in revenue with strong market positions. Sectors of interest include paper and packaging, food and beverages, metals and mining, automotive after-market parts, consumer products, financial services, healthcare, media and communications, building products, telecommunications, technology, retailing and catalogs, restaurants, manufacturing and industrial. Sun Capital was formed in 1995 and is based in Boca Raton, Florida.

DEAL STATS #
Overall 57 of 127
Sector (Test/Measurement Equipment) 1 of 1
Type (Add-on Acquisition) 21 of 53
State (Indiana) 3 of 5
Country (United States) 41 of 88
Year (2014) 2 of 10
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2014-01-01 KubeTech Custom Molding

Pittsburgh, Pennsylvania, United States

KubeTech is a North American cube and stack injection mold design, development and production company. Established as a new company in 2012, KubeTech has six manufacturing sites and more than 40 years of experience in providing complex custom molding and assembly expertise to some of the largest consumer brands in the world. From tooling and automation to strategic program management, KubeTech can successfully execute your project and commercialize your product.

Sell -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2014-02-05 Robertshaw Controls

Itasca, Illinois, United States

Robertshaw Controls is a global design, engineering and manufacturing company that sells product solutions into the white goods industry and leverages this portfolio and technology into adjacent markets and after sales channels. Robertshaw manufactures more than 10,000 sophisticated controls for commercial and home appliances. Primary applications include controls for clothes washers and dryers, dishwashers, refrigerators, electric and gas cooking, ice makers, fluid dispensing, storage water heaters, gas valves for space/central heating, and automotive/off road temperature and fluid controls. Robertshaw Global Headquarters is located in Itasca, Illinois.

Buy £150M
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