M&A Deal Summary

Standex Acquires Renco Electronics

On July 16, 2020, Standex acquired electrical equipment company Renco Electronics for 28M USD

Acquisition Highlights
  • This is Standex’s 5th transaction in the Electrical Equipment sector.
  • This is Standex’s 5th largest (disclosed) transaction.
  • This is Standex’s 16th transaction in the United States.
  • This is Standex’s 1st transaction in Florida.

M&A Deal Summary
Date 2020-07-16
Target Renco Electronics
Sector Electrical Equipment
Buyer(s) Standex
Deal Type Add-on Acquisition
Deal Value 28M USD

Target

Renco Electronics

Rockledge, Florida, United States
Renco Electronics, Inc. is a designer and manufacturer of engineering-driven inductors, transformers, chokes, coils, and subassemblies for thousands of products focused on consumer, industrial, military and aerospace end markets. Renco Electronics was formed in 1955 and is based in Rockledge, Florida.

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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 21 of 27
Sector (Electrical Equipment) 5 of 8
Type (Add-on Acquisition) 19 of 24
State (Florida) 1 of 1
Country (United States) 16 of 20
Year (2020) 1 of 1
Size (of disclosed) 5 of 8
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2020-03-13 Standex International - Refrigerated Solutions Group

New Albany, Mississippi, United States

Standex International's Refrigerated Solutions Group manufactures refrigerated cabinets and walk-ins for customer's foodservice and retail end market. The segment's NorLake and Master-Bilt brands are operated from facilities in New Albany, MS, and Hudson, WI.

Sell $11M
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2022-03-01 Sensor Solutions

Steamboat Springs, Colorado, United States

Sensor Solutions designs and manufactures magnetic sensors and accessories including digital switches and analog output sensors designed to measure speed, speed, direction, count, position, proximity, alignment, rotation angle, or the strength of a magnetic field. Sensor Solutions was founded in 1993 and is based in Steamboat Springs, Colorado.

Buy $10M
Mergr

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