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  6. Seves Group Acquires PPC Insulators

M&A Deal Summary

Seves Group Acquires PPC Insulators

On May 30, 2007, Seves Group acquired electrical equipment company PPC Insulators from Riverside

Acquisition Highlights
  • This is Seves Group’s 1st transaction in the Electrical Equipment sector.
  • This is Seves Group’s 1st transaction in the United States.
  • This is Seves Group’s 1st transaction in Ohio.

M&A Deal Summary
Date 2007-05-30
Target PPC Insulators
Sector Electrical Equipment
Buyer(s) Seves Group
Sellers(s) Riverside
Deal Type Add-on Acquisition

Target

PPC Insulators

Carey, Ohio, United States
PPC Insulators manufactures electrical porcelain insulators used in overhead electrical utility distribution systems. Together with its European subsidiary Ceram Insulators, it is the second largest porcelain insulator manufacturer in the world and the largest outside of Asia.

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Buyer(S) 1

Buyer

Seves Group

Tour Egee, Italy
Category Company
Sector Manufacturing
Employees2,000
Revenue 334M EUR (2014)
DESCRIPTION

Seves Group manufactures glass and composite insulators for high and medium power transmission and distribution systems, as well as glass blocks for architectural and interior design applications. Seves Group is based in Tour Egee, Italy.

DEAL STATS #
Overall 1 of 1
Sector: Electrical Equipment M&A 1 of 1
Type: Add-on Acquisition M&A Deals 1 of 1
State: Ohio M&A 1 of 1
Country: United States M&A 1 of 1
Year: 2007 M&A 1 of 1

Seller(S) 1

SELLER

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 21 of 209
Sector: Electrical Equipment M&A 1 of 4
Type: Add-on Acquisition M&A Deals 12 of 87
State: Ohio M&A 1 of 11
Country: United States M&A 16 of 147
Year: 2007 M&A 3 of 8
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2007-05-07 Junior Sports

Hilton Head, South Carolina, United States

Junior Sports Corp. is the world’s only academy to combine training, competition and academics for serious junior golfers.

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FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2007-06-01 IPS

Greenville, South Carolina, United States

IPS is a provider of maintenance, repair, and replacement solutions for critical process equipment serving industrial and renewable energy end markets in North America. IPS was founded in 2007 and is headquartered in Greenville, South Carolina.

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