M&A Deal Summary

Tide Rock Holdings Acquires Adura

On April 1, 2023, growth capital firm Tide Rock Holdings acquired electrical equipment company Adura

Acquisition Highlights
  • This is Tide Rock Holdings’ 3rd transaction in the Electrical Equipment sector.
  • This is Tide Rock Holdings’ 13th transaction in the United States.
  • This is Tide Rock Holdings’ 7th transaction in California.

M&A Deal Summary
Date 2023-04-01
Target Adura
Sector Electrical Equipment
Buyer(s) Tide Rock Holdings
Deal Type Buyout (LBO, MBO, MBI)

Target

Adura

Corona, California, United States
Adura is a manufacturer of all types of LED modules with its patented SinkPADTM PCB technology offers exceptional thermal management, extending the life and performance of high-powered LED modules by making their lighting fixture run cooler and more efficiently. Adura is based in Corona, California.

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Buyer(S) 1

Buyer

Tide Rock Holdings

Investor Investor Investor Investor Investor

Category Growth Capital Firm
Founded 2013
Size Small
Type Sector Agnostic
DESCRIPTION

Tide Rock Holdings is a private holding company that looks to acquire profitable, lower middle-market businesses valued up to $30 million. Areas of interest include business services, transportation, distribution, manufacturing, and food/beverage. Tide Rock prefers businesses with recurring revenue business models, high margins, and differentiated products/services. Tide Rock Holdings was formed in 2013 and is headquartered in Cardiff, California.

DEAL STATS #
Overall 13 of 18
Sector (Electrical Equipment) 3 of 3
Type (Buyout (LBO, MBO, MBI)) 12 of 17
State (California) 7 of 7
Country (United States) 13 of 18
Year (2023) 1 of 2
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2023-02-01 Intensity

San Diego, California, United States

Intensity is a professional services firm that generates powerful research, analysis, and expertise to solve the most complex challenges in the marketplace and courtroom, especially in the areas of economics, finance, and statistics. Intensity was founded in 2006 and is based in San Diego, California.

Sell -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2023-04-11 FR Conversions

Westminster, Maryland, United States

FR Conversions is a second-stage vehicle manufacturer that designs, engineers, and manufactures transportation solutions well beyond industry standards. The company's vehicle conversion solutions cater to the special needs of groups such as the physically challenged, contractors, organizations, providers of emergency services, municipalities, and others. Maximizing usable space, safety, and maintainability are all critical components that it works to surpass a mere status quo. FR Conversions is based in Westminster, Maryland.

Buy -
Mergr

Product

Company

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