M&A Deal Summary

The Legacy Companies Acquires Avanti

On March 5, 2019, The Legacy Companies acquired electronics company Avanti from Gen Cap America

Acquisition Highlights
  • This is The Legacy Companies’ 1st transaction in the Electronics sector.
  • This is The Legacy Companies’ 10th transaction in the United States.
  • This is The Legacy Companies’ 1st transaction in Florida.

M&A Deal Summary

Date 2019-03-05
Target Avanti
Sector Electronics
Buyer(s) The Legacy Companies
Sellers(s) Gen Cap America
Deal Type Add-on Acquisition

Target

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.

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Buyer(S) 1

Buyer

The Legacy Companies

Weston, Florida, United States

Category Company
Founded 1998
Sector Machinery
DESCRIPTION

The Legacy Companies designs, manufactures and markets food service equipment, home appliances and kitchen tools and accessories. The Legacy Companies was founded in 1998 and is based in Weston, Florida.


DEAL STATS #
Overall 11 of 12
Sector (Electronics) 1 of 2
Type (Add-on Acquisition) 6 of 7
State (Florida) 1 of 2
Country (United States) 10 of 11
Year (2019) 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2017-03-03 Healthy Foods

Cleveland, Ohio, United States

Healthy Foods LLC (Yonanas) is a manufacturer of banana ice cream makers. The company focuses on product development and utilizes domestic and international manufacturing to serve markets in the US, Europe, South America, Asia, South Africa and Australia.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2024-01-09 Kalorik

Miramar, Florida, United States

Kalorik is a manufacturer of small electric appliances. Kalorik was founded in 1930 and is based in Miramar, Florida.

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 20 of 28
Sector (Electronics) 1 of 1
Type (Add-on Acquisition) 8 of 14
State (Florida) 4 of 4
Country (United States) 20 of 28
Year (2019) 1 of 2
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2018-12-20 BloApCo

Germantown, Wisconsin, United States

BloApCo designs and manufactures highly engineered solid waste and scrap handling systems and process equipment. BloApCo’s products include shredding systems, trim handling systems, material handling fans, and conveying systems primarily utilized in the paper, packaging, and corrugated industries. BloApCo was founded in 1933 and is based in Germantown, Wisconsin.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2019-05-03 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.

Sell -