M&A Deal Summary

Tyco International Acquires ElectroStar

On November 30, 1996, Tyco International acquired electronics company ElectroStar from Trivest Partners for 106M USD

Acquisition Highlights
  • This is Tyco International’s 1st transaction in the Electronics sector.
  • This is Tyco International’s 17th largest (disclosed) transaction.
  • This is Tyco International’s 2nd transaction in the United States.
  • This is Tyco International’s 1st transaction in Utah.

M&A Deal Summary

Date 1996-11-30
Target ElectroStar
Sector Electronics
Buyer(s) Tyco International
Sellers(s) Trivest Partners
Deal Type Add-on Acquisition
Deal Value 106M USD

Target

ElectroStar

Logan, Utah, United States
ElectroStar, Inc. is a manufacturer of complex rigid printed circuit boards used in sophisticated electronic equipment.

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Buyer(S) 1

Buyer

Tyco International

Mahon, Ireland

Category Company
Founded 1960
Sector Safety/Security
Employees57,000
Revenue 9.9B USD (2015)
DESCRIPTION
Tyco office in Irvine, California.
Tyco office in Irvine, California.

Tyco International Ltd. is a global provider of security products and services, fire detection and suppression products and services and life safety products. The Company's portfolio of products and services, sold under brands such as Tyco, SimplexGrinnell, Sensormatic, Wormald, Ansul, Simplex, Scott and ADT serve security, fire detection and suppression and life safety needs across commercial, industrial, retail, institutional and governmental markets. Tyco International Ltd. was established in 1960 and is headquartered in Mahon, Ireland.


DEAL STATS #
Overall 2 of 32
Sector (Electronics) 1 of 3
Type (Add-on Acquisition) 2 of 26
State (Utah) 1 of 1
Country (United States) 2 of 27
Year (1996) 1 of 1
Size (of disclosed) 17 of 23
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
1994-07-15 Kendall International

Mansfield, Massachusetts, United States

Kendall International, Inc. is a worldwide manufacturer and distributor of disposable medical products that had previously been a division of Colgate-Palmolive. The Company manufactured (i) disposable medical supplies for hospitals and alternate site health care facilities worldwide, (ii) home healthcare products for pharmacies and other retail outlets, and (iii) adhesive products and tapes for healthcare, consumer and industrial applications.

Buy $1.4B
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
1997-03-18 ADT

Boca Raton, Florida, United States

ADT is a provider of security and automation solutions for homes and businesses in the United States and Canada. ADT's broad and pioneering set of products and services, including ADT Pulse® interactive home and business solutions, and health services, meet a range of customer needs for today’s active and increasingly mobile lifestyles. ADT was founded in 1874 and is based in Boca Raton, Florida.

Buy $5.4B

Seller(S) 1

SELLER

Trivest Partners

Coral Gables, Florida, United States

Investor Investor Investor Investor Investor


Category Private Equity Firm
Founded 1981
PE ASSETS 4.5B USD
Size Large
Type Sector Agnostic
DESCRIPTION
Trivest's corporate headquarters in Coral Gables, Florida.
Trivest's corporate headquarters in Coral Gables, Florida.

Trivest is a private equity firm that invests in North American middle-market corporate acquisitions, recapitalizations, and growth capital financings. For platform investments, sectors of interest include niche manufacturing, value-added distribution, business services, and consumer products/services. The Firm seeks businesses with at least $4 million of EBITDA and valued between $20 and $250 million. Trivest prefers control-based situations but will also consider minority or co-investment opportunities. For add-on opportunities, Trivest will consider companies globally with valuations starting at $1 million. Trivest Partners was formed in 1981 and is based in Coral Gables, Florida.


DEAL STATS #
Overall 1 of 38
Sector (Electronics) 1 of 2
Type (Add-on Acquisition) 1 of 13
State (Utah) 1 of 2
Country (United States) 1 of 34
Year (1996) 1 of 1
Size (of disclosed) 4 of 5
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
1995-10-11 The Shannon Group

Brentwood, Tennessee, United States

The Shannon Group is a market leader in the design, manufacturing and distribution of walk-in refrigerators and freezers under the Kolpak and McCall brand names.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
1997-07-01 Jet Plastica

Hatfield, Pennsylvania, United States

Jet Industries, Inc. is a manufacturer of injection molded disposable plastic cutlery, tumblers, dinnerware and extruded drinking straws. Jet Industries was formed in 1947 and is based in Hatfield, Pennsylvania.

Buy -