M&A Deal Summary

Standex Acquires Minntronix

On July 31, 2023, Standex acquired manufacturer Minntronix for 30M USD

Acquisition Highlights
  • This is Standex’s 3rd transaction in the Manufacturing sector.
  • This is Standex’s 4th largest (disclosed) transaction.
  • This is Standex’s 18th transaction in the United States.
  • This is Standex’s 1st transaction in South Dakota.

M&A Deal Summary

Date 2023-07-31
Target Minntronix
Sector Manufacturing
Buyer(s) Standex
Deal Type Add-on Acquisition
Deal Value 30M USD

Target

Minntronix

Watertown, South Dakota, United States
Minntronix designs and manufactures transformers, inductors, sensors, coils, chokes, and filters for products focused on cable fiber, smart meters, industrial control and lighting, electric vehicles, and home security markets. Minntronix was formed in 1990 and is based in Watertown, South Dakota.

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Buyer(S) 1

Buyer

Standex

Salem, New Hampshire, United States

Category Company
Founded 1955
Sector Manufacturing
Employees3,700
Revenue 721M USD (2024)
DESCRIPTION

Standex is a multi-industry manufacturer in five broad business segments: Food Service Equipment Group, Air Distribution Products Group, Engineering Technologies Group, Engraving Group and the Electronics and Hydraulics Group with operations in the United States, Europe, Canada, Australia, Singapore, Mexico, Brazil, India, Turkey and China. Standex was founded in 1955 and is based in Salem, New Hampshire.


DEAL STATS #
Overall 23 of 26
Sector (Manufacturing) 3 of 4
Type (Add-on Acquisition) 21 of 24
State (South Dakota) 1 of 1
Country (United States) 18 of 19
Year (2023) 1 of 2
Size (of disclosed) 4 of 7
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2023-02-02 Procon

Smyrna, Tennessee, United States

Procon is a provider of custom fluid solutions that combines collaborative design expertise, bespoke solution engineering, and a high-quality, highly-engineered portfolio of niche positive displacement pumps. Procon was founded in 1950 and is based in Smyrna, Tennessee.

Sell $75M
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2023-11-01 Sanyu Switch

Singapore, Singapore

Sanyu Switch designs and manufactures reed relays, test sockets, testing systems for semi-conductor and other electronics manufacturing, and other switching applications. Sanyu Switch is based in Singapore.

Buy -