M&A Deal Summary |
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Date | 2014-09-02 |
Target | American Sensor Technologies |
Sector | Electronics |
Buyer(s) | TE Connectivity |
Sellers(s) | Main Street Capital |
Deal Type | Add-on Acquisition |
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Category | Company |
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Founded | 1941 |
Sector | Electrical Equipment |
Employees | 85,000 |
Revenue | 16.0B USD (2023) |
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 | 8 of 15 |
Sector (Electronics) | 1 of 1 |
Type (Add-on Acquisition) | 7 of 13 |
State (New Jersey) | 1 of 1 |
Country (United States) | 6 of 11 |
Year (2014) | 2 of 3 |
DATE | TARGET | DEAL TYPE | VALUE |
---|---|---|---|
2014-04-02 |
Seacon Group
Northfleet, United Kingdom The SEACON group serves the military marine and sub-sea sectors for remotely operated vehicles (ROV) / autonomous underwater vehicles (AUV), oil and gas, environmental and oceanographic applications. |
Buy | $490M |
DATE | TARGET | DEAL TYPE | VALUE |
---|---|---|---|
2014-10-09 |
Measurement Specialties
Hampton, Virginia, United States Measurement Specialties, Inc. designs and manufactures sensors and sensor-based systems to measure precise ranges of physical characteristics such as measuring pressure, linear/rotary position, force, torque, piezoelectric polymer film sensors, custom microstructures, load cells, vibrations and acceleration, optical absorption, humidity, gas concentration, gas flow rate, temperature, fluid properties and fluid level. |
Buy | $1.7B |
Category | Private Equity Firm |
---|---|
Founded | 1997 |
PE ASSETS | 3.0B USD |
Size | Large |
Type | Sector Agnostic |
Main Street Capital Holdings is a public investment firm that invests in mid-market companies to support ownership transitions, recapitalizations, strategic acquisitions, business expansion and other growth initiatives. Main Street looks for businesses opearting in basic industries with positive cash-flow and and defensible competitive advantages. Main Street generally invests $5 to $75 million in companies with $10 to $150 million of revenue and EBITDA of $3 to $20 million. Investments are usually in the form of term debt and/or direct equity. Main Street Capital Corporation was formed in 1997 and is based in Houston, Texas.
DEAL STATS | # |
---|---|
Overall | 17 of 45 |
Sector (Electronics) | 1 of 1 |
Type (Add-on Acquisition) | 11 of 21 |
State (New Jersey) | 1 of 1 |
Country (United States) | 17 of 45 |
Year (2014) | 3 of 6 |
DATE | TARGET | DEAL TYPE | VALUE |
---|---|---|---|
2014-08-21 |
Mystic Logistics
South Glastonbury, Connecticut, United States Mystic Logistics is a non-asset based third-party logistics provider that specializes in standard mail consolidation for large volume mailers in the United States. Mystic's value proposition is centered around taking advantage of economies of scale, optimal purchasing power, reduced transit times, and considerable discounts offered by the U.S. Postal Service for assisting in efficiently achieving the "last mile" of delivery service. Mystic Logistics was founded in 1989 and is headquartered in South Glastonbury, Connecticut. |
Buy | $16M |
DATE | TARGET | DEAL TYPE | VALUE |
---|---|---|---|
2014-10-09 |
Texas ReExcavation LC
Houston, Texas, United States Texas ReExcavation LC is a provider of hydro excavation/vacuum excavation services. Hydro excavation is a process that utilizes pressurized water to break up and remove the soil via air conveyance (vacuum) into a debris tank, providing a non-destructive means to safely locate utilities and precisely excavate an area. T-Rex provides excavation services for a variety of industry sectors including, petrochemical/refinery, pipeline, municipal, utilities, construction, oil & gas, engineering, transportation, telecommunication, and environmental. T-Rex was founded in 2001 and is headquartered in Houston, Texas with three additional locations in Dallas, Odessa, and San Antonio, Texas. |
Sell | - |