M&A Deal Summary

The Heico Companies Acquires Wakefield-Vette

On April 9, 2012, family office The Heico Companies acquired electrical equipment company Wakefield-Vette

Acquisition Highlights
  • This is The Heico Companies’ 2nd transaction in the Electrical Equipment sector.
  • This is The Heico Companies’ 5th transaction in the United States.
  • This is The Heico Companies’ 1st transaction in New Hampshire.

M&A Deal Summary
Date 2012-04-09
Target Wakefield-Vette
Sector Electrical Equipment
Buyer(s) The Heico Companies
Deal Type Buyout (LBO, MBO, MBI)

Target

Wakefield-Vette

Pelham, New Hampshire, United States
Wakefield-Vette provides thermal solutions across multiple industries, from international Fortune 50 companies to small and medium-sized businesses. Industries served to include Power Conversion, Information Technology, Renewable Energy, Telecommunications, Transportation, Aerospace/Defense, LED Lighting, Factory Automation, Consumer, and Medical. Wakefield-Vette was founded in 1952 and is based in Pelham, New Hampshire.

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Buyer(S) 1

Buyer

The Heico Companies

Chicago, Illinois, United States

Investor Investor Investor Investor Investor

Category Family Office
Founded 1979
Size Small
Type Sector Agnostic
DESCRIPTION

Heico Companies is a private investment firm focused on acquiring manufacturing, distribution and service businesses where the Firm believes that its management expertise can improve profitability. In addition to stable businesses, Heico has a special interest in distressed or special situations. Heico generally looks to acquire platform companies with at least $5 million in sales and will consider $5 to $15 million in EBITDA. Heico was formed in 1979 and is based in Chicago, Illinois.

DEAL STATS #
Overall 5 of 15
Sector (Electrical Equipment) 2 of 2
Type (Buyout (LBO, MBO, MBI)) 3 of 11
State (New Hampshire) 1 of 2
Country (United States) 5 of 10
Year (2012) 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2003-10-06 CopperCom

Boston, Massachusetts, United States

CopperCom, Inc. manufactures equipment for voice capability over xDSL infrastructures.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2013-01-01 Kinedyne

Branchburg, New Jersey, United States

Kinedyne is a manufacturer and distributor of cargo control products for the transportation industry. It offers flatbed, chain, interior van, grip link tire chain, auto towing, transport, tie-down, and beam system products as well as related webbing and hardware. The company serves OEM’s, fleet operators and independent owner/operators in the heavy duty trucking, farm and agricultural, moving and storage, automotive, and recreational vehicle markets as well as government and military customers. In addition to its sales network across North America, the company sells its products through a sales network in Japan and sales agents in the United Kingdom. Kinedyne was founded in 1968 and is based in Branchburg, New Jersey with locations in Prattville, Alabama; Lawrence, Kansas; Reno, Nevada; Toronto, Canada; and Nantong, China.

Buy -
Mergr

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