M&A Deal Summary

Ten Oaks Group Acquires Standex International - Refrigerated Solutions Group

On March 13, 2020, family office Ten Oaks Group acquired manufacturer Standex International - Refrigerated Solutions Group from Standex for 11M USD

Acquisition Highlights
  • This is Ten Oaks Group’s 1st transaction in the Manufacturing sector.
  • This is Ten Oaks Group’s 2nd largest (disclosed) transaction.
  • This is Ten Oaks Group’s 1st transaction in the United States.
  • This is Ten Oaks Group’s 1st transaction in Mississippi.

M&A Deal Summary
Date 2020-03-13
Target Standex International - Refrigerated Solutions Group
Sector Manufacturing
Buyer(s) Ten Oaks Group
Sellers(s) Standex
Deal Type Divestiture
Deal Value 11M USD

Target

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.

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Buyer(S) 1

Buyer

Ten Oaks Group

Investor Investor Investor Investor Investor

Category Family Office
Size Small
Type Sector Agnostic
DESCRIPTION

Ten Oaks Group is a two family, family office focused on acquiring corporate divestitures. The Firm is sector agnostic and will consider profitable business units across North America with up to $50 million of EBITDA. Ten Oaks Group is based in Charlotte, North Carolina.

DEAL STATS #
Overall 1 of 4
Sector (Manufacturing) 1 of 1
Type (Divestiture) 1 of 4
State (Mississippi) 1 of 1
Country (United States) 1 of 3
Year (2020) 1 of 1
Size (of disclosed) 2 of 2
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2021-02-01 Worthington Industries - Oil & Gas Equipment Business

Bremen, Ohio, United States

Worthington Industries's Oil & Gas Equipment Business is a provider of Oil & Gas Equipment. The divestiture includes the related operating assets located in Bremen, Ohio, and Tulsa, Okla. Worthington.

Buy -

Seller(S) 1

SELLER

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 7 of 8
Sector (Manufacturing) 5 of 5
Type (Divestiture) 6 of 7
State (Mississippi) 1 of 1
Country (United States) 6 of 7
Year (2020) 1 of 1
Size (of disclosed) 2 of 2
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2019-04-29 GS Engineering

Maumee, Ohio, United States

GS Engineering specializes in the manufacturing of rapid texturized tooling for the automotive industry. GS Engineering is recognized experts in the manufacture of tooling for soft touch interior components, as well as secondary processing operations such as part trim and press-bonding.

Buy -
FOLLOWING 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
Mergr

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