M&A Deal Summary

Standex Acquires Sensor Solutions

On March 1, 2022, Standex acquired electrical equipment company Sensor Solutions for 10M USD

Acquisition Highlights
  • This is Standex’s 6th transaction in the Electrical Equipment sector.
  • This is Standex’s 6th largest (disclosed) transaction.
  • This is Standex’s 17th transaction in the United States.
  • This is Standex’s 1st transaction in Colorado.

M&A Deal Summary
Date 2022-03-01
Target Sensor Solutions
Sector Electrical Equipment
Buyer(s) Standex
Deal Type Add-on Acquisition
Deal Value 10M USD

Target

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.

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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 22 of 27
Sector (Electrical Equipment) 6 of 8
Type (Add-on Acquisition) 20 of 24
State (Colorado) 1 of 1
Country (United States) 17 of 20
Year (2022) 1 of 1
Size (of disclosed) 6 of 8
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2020-07-16 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.

Buy $28M
FOLLOWING 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
Mergr

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