M&A Deal Summary

Teton Industries and Peterson Partners Acquire CheckSum

On September 30, 2003, private equity firm Teton Industries and asset manager Peterson Partners acquired electrical equipment company CheckSum

Acquisition Highlights
  • This is Teton Industries’ 1st and Peterson Partners’ 1st transaction in the Electrical Equipment sector.
  • This is Teton Industries’ 1st and Peterson Partners’ 12th transaction in the United States.
  • This is Teton Industries’ 1st and Peterson Partners’ 1st transaction in Washington.

M&A Deal Summary

Date 2003-09-30
Target CheckSum
Sector Electrical Equipment
Buyer(s) Teton Industries
Peterson Partners
Deal Type Buyout (LBO, MBO, MBI)

Target

CheckSum

Arlington, Washington, United States
CheckSum LLC provides test systems, fixtures, programs to electronics manufacturers. CheckSum developing technologies to make board tests more accurate, reliable, and efficient. CheckSum was founded in 1987 and is based in Arlington, Washington.

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Buyer(S) 2

Buyer

Teton Industries

Arlington, Washington, United States

Category Private Equity Firm
Size Small
Type Sector Focused
DESCRIPTION

Teton Industries is a private investment firm that acquires lower middle-market manufacturing and business services companies. The Firm targets companies with annual revenues between $15 and $100 million and EBITDA of at least $2 million. Teton prefers companies in the Western half of the US and typically looks for opportunities where existing management teams are retiring or key executives are needed. Prospective transaction types include buyouts and corporate divestitures. Teton Industries is based in Arlington, Washington.


DEAL STATS #
Overall 1 of 1
Sector: Electrical Equipment M&A 1 of 1
Type: Buyout (LBO, MBO, MBI) M&A Deals 1 of 1
State: Washington M&A 1 of 1
Country: United States M&A 1 of 1
Year: 2003 M&A 1 of 1
Buyer

Peterson Partners

Salt Lake City, Utah, United States

Investor Investor Investor Investor Investor


Category Asset Manager
Founded 1995
PE ASSETS 350M USD
Size Middle-Market
Type Sector Agnostic
DESCRIPTION

Peterson Partners is a private equity firm that targets investments in lower middle-market growth companies located in the Western US. Peterson looks to commit between $5 and $25 million of equity in companies generating sales of at least $5 million. Sectors of interest include consumer products and services, business services, and manufacturing. Peterson Partners was formed in 1995 and is based in Salt Lake City, Utah.


DEAL STATS #
Overall 12 of 58
Sector: Electrical Equipment M&A 1 of 1
Type: Buyout (LBO, MBO, MBI) M&A Deals 9 of 25
State: Washington M&A 1 of 1
Country: United States M&A 12 of 51
Year: 2003 M&A 3 of 3
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2003-08-01 I-Coat Co.

Santa Fe Springs, California, United States

I-Coat Co. LLC is a provider of Anti-Reflective coatings for eye wear (AR coatings) in the US. Anti-Reflective coating reduces eye-strain, increases visual acuity, enables safer night driving, and provides aesthetic benefits to the wearer by removing the glare and reflections associated with uncoated optical lenses.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2004-01-01 L.A. Spas

Anaheim, California, United States

L.A. Spas, Inc. is a developer, manufacturer and marketer of premium above ground spas, spa-related accessories, parts and supplies.

Buy -