M&A Deal Summary

Ultralife Acquires Electrochem

On September 30, 2024, Ultralife acquired electrical equipment company Electrochem from Pioneer Metal Finishing for 50M USD

Acquisition Highlights
  • This is Ultralife’s 7th transaction in the Electrical Equipment sector.
  • This is Ultralife’s largest (disclosed) transaction.
  • This is Ultralife’s 5th transaction in the United States.
  • This is Ultralife’s 1st transaction in Massachusetts.

M&A Deal Summary
Date 2024-09-30
Target Electrochem
Sector Electrical Equipment
Buyer(s) Ultralife
Sellers(s) Pioneer Metal Finishing
Deal Type Divestiture
Deal Value 50M USD

Target

Electrochem

Raynham, Massachusetts, United States
Electrochem is a metal finishing company provides a range of highly technical finishing solutions including gold plating, silver plating, anodizing, electroless nickel, and other services to clients primarily in the semiconductor fabrication equipment end market. Electrochem was founded in 1982 and is based in Union City, California.

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Buyer(S) 1

Buyer

Ultralife

Newark, New York, United States
Category Company
Founded 1990
Sector Electrical Equipment
Employees547
Revenue 159M USD (2023)
DESCRIPTION

Ultralife is a provider of products and services ranging from portable power solutions to communications and electronics systems. Ultralife was founded in 1990 and is based in Newark, New York.

DEAL STATS #
Overall 8 of 8
Sector (Electrical Equipment) 7 of 7
Type (Divestiture) 2 of 2
State (Massachusetts) 1 of 1
Country (United States) 5 of 5
Year (2024) 1 of 1
Size (of disclosed) 1 of 4
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2021-12-14 Excell Battery

Surrey, British Columbia, Canada

Excell Battery is an independent designer and manufacturer of high-performance smart battery systems, battery packs, and monitoring systems to customer specifications. Excell serves a variety of industrial markets including downhole drilling, OEM industrial and medical devices, automated meter reading, and mining, marine, and other mission-critical applications which demand uncompromised safety, service, reliability, and quality. Excell Battery was founded in 1985 and is based in Surrey, British Columbia.

Buy $24M

Seller(S) 1

SELLER

Pioneer Metal Finishing

Green Bay, Wisconsin, United States
Category Company
Founded 1945
Sector Metals/Mining
DESCRIPTION

Pioneer Metal Finishing is a provider of metal finishing services, with primary processes including anodizing of aluminum and electroless nickel plating of ferrous and non-ferrous metals. Pioneer Metal Finishing was founded in 1945 and is based in Green Bay, Wisconsin.

DEAL STATS #
Overall 1 of 1
Sector (Electrical Equipment) 1 of 1
Type (Divestiture) 1 of 1
State (Massachusetts) 1 of 1
Country (United States) 1 of 1
Year (2024) 1 of 1
Size (of disclosed) 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2021-02-10 Electrochem

Raynham, Massachusetts, United States

Electrochem is a metal finishing company provides a range of highly technical finishing solutions including gold plating, silver plating, anodizing, electroless nickel, and other services to clients primarily in the semiconductor fabrication equipment end market. Electrochem was founded in 1982 and is based in Union City, California.

Buy -
Mergr

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