M&A Deal Summary

TE Connectivity Acquires Alpha Technics

On May 3, 2019, TE Connectivity acquired test/measurement equipment company Alpha Technics from Gen Cap America

Acquisition Highlights
  • This is TE Connectivity’s 2nd transaction in the Test/Measurement Equipment sector.
  • This is TE Connectivity’s 10th transaction in the United States.
  • This is TE Connectivity’s 3rd transaction in California.

M&A Deal Summary
Date 2019-05-03
Target Alpha Technics
Sector Test/Measurement Equipment
Buyer(s) TE Connectivity
Sellers(s) Gen Cap America
Deal Type Add-on Acquisition

Target

Alpha Technics

Irvine, California, United States
Alpha Technics, Inc. designs, develops and produces precision temperature measurement solutions for a variety of high growth medical technology and industrial customers including leading medical device, diagnostic and life sciences OEMs. Alpha Technics’ products include sensors and sensor assemblies for patient monitoring and medical equipment; high accuracy temperature verification kits used to insure diagnostic and life science equipment and manufacturing operations are running at ideal temperatures for test accuracy and regulatory compliance; and catheters, skin sensors, esophageal, myocardial, and other special devices.

Search 201,429 Deals Now

SEARCH BY

  • Buyer Type (PE or Strategic)
  • Deal Size ($10M to $10B+)
  • Sector (60 Sectors)
  • Deal Type
  • Geography
  • & More

Try For Free 7-Day Free Trial

Buyer(S) 1

Buyer

TE Connectivity

Schaffhausen, Switzerland
Category Company
Founded 1941
Sector Electrical Equipment
Employees85,000
Revenue 16.0B USD (2023)
DESCRIPTION

TE Connectivity is a designer and manufacturer of products at the heart of electronic connections for industries including automotive, energy and industrial, broadband communications, consumer devices, healthcare, and aerospace and defense. TE Connectivity was founded in 1941 and is based in Schaffhausen, Switzerland.

DEAL STATS #
Overall 13 of 15
Sector (Test/Measurement Equipment) 2 of 2
Type (Add-on Acquisition) 12 of 13
State (California) 3 of 3
Country (United States) 10 of 11
Year (2019) 1 of 2
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2018-09-17 SubCom

Eatontown, New Jersey, United States

SubCom is delivers and maintains the fiber optic cable systems that transmit nearly all of the world’s data and communications. SubCom designs, manufactures, deploys, maintains, and operates modern networks with an industry-leading track record for delivery and performance, providing the most comprehensive technical and marine expertise, with the highest quality, and most reliable solutions.

Sell $325M
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2019-06-04 First Sensor AG

Berlin, Germany

First Sensor AG develops and produces standard sensors and customer-specific sensor solutions for the ever-increasing number of applications in the industrial, medical, and mobility target markets. First Sensor AG customers include both renowned corporations and fledgling technology companies that rely on innovative products and expertise.

Buy -

Seller(S) 1

SELLER

Gen Cap America

Nashville, Tennessee, United States

Investor Investor Investor Investor Investor

Category Private Equity Firm
Founded 1988
PE ASSETS 250M USD
Size Small
Type Sector Agnostic
DESCRIPTION

Gen Cap America, Inc. is a private investment firm focused on acquisitions and recapitalization of mid-sized businesses. Gen Cap looks to invest in privately held companies or non-core divestitures generating $10 to $200 million in annual revenues. Gen Cap prefers businesses operating in basic industries, such as manufacturing, distribution, and services. The Firm avoids investing in real estate or 'high-tech' businesses. Gen Cap America was formed in 1988 and is based in Nashville, Tennessee.

DEAL STATS #
Overall 21 of 29
Sector (Test/Measurement Equipment) 1 of 1
Type (Add-on Acquisition) 9 of 14
State (California) 1 of 1
Country (United States) 21 of 29
Year (2019) 2 of 2
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2019-03-05 Avanti

Weston, Florida, United States

Avanti is a designer and distributor of compact consumer appliances, specializing in refrigerators, wine and beer coolers, microwaves, gas and electric ranges, water dispensers, laundry machines and other compact appliances. Avanti was founded in 2012 and is based in Weston, Florida.

Sell -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2019-05-31 Mayflower Sales

Brooklyn, New York, United States

Mayflower Sales is a value-added distributor of premium products including locks, locksets, access control systems, and door hardware. Mayflower Sales has provided quality products and personalized service to a variety of customers and end markets including sub-contractors, hospitals, universities, and government institutions. Mayflower Sales was founded in 1917 and is based in Brooklyn, New York.

Buy -
Mergr

Product

Company

Legal