M&A Deal Summary

Watervale Equity Partners Acquires PGF Tech

On April 29, 2024, private equity firm Watervale Equity Partners acquired electrical equipment company PGF Tech

Acquisition Highlights
  • This is Watervale Equity Partners’ 2nd transaction in the Electrical Equipment sector.
  • This is Watervale Equity Partners’ 4th transaction in the United States.
  • This is Watervale Equity Partners’ 1st transaction in Michigan.

M&A Deal Summary
Date 2024-04-29
Target PGF Tech
Sector Electrical Equipment
Buyer(s) Watervale Equity Partners
Deal Type Recapitalization

Target

PGF Tech

Rochester Hills, Michigan, United States
PGF Tech is an electrical manufacturing service provider of highly complex cable & wire harness assemblies, printed circuit board assemblies, and electrical panels & enclosures for high-growth industrial automation, medical, and aerospace & defense end markets. PGF Tech is based in Rochester Hills, Michigan.

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Buyer(S) 1

Buyer

Watervale Equity Partners

Investor Investor Investor Investor

Category Private Equity Firm
Founded 2017
Size Small
Type Sector Agnostic
DESCRIPTION

Watervale Equity Partners is a private equity firm focused on control investments in growing lower middle-market companies. The Firm will consider profitable companies throughout North America valued up to $50 million. Sectors of interest include manufacturing, distribution, and consumer/industrial products. Watervale prefers market leading companies with high barriers to entry and conservative capital structures. Watervale Equity Partners is based in Cleveland, Ohio.

DEAL STATS #
Overall 4 of 4
Sector (Electrical Equipment) 2 of 2
Type (Recapitalization) 2 of 2
State (Michigan) 1 of 1
Country (United States) 4 of 4
Year (2024) 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2021-06-01 High Speed Gear

Swansboro, North Carolina, United States

High Speed Gear is a manufacturer of battle-proven tactical gear for military, law enforcement and consumer enthusiasts. High Speed Gear was founded in 1991 and is based in Swansboro, North Carolina.

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