M&A Deal Summary

Winnebago Industries Acquires Lithionics Battery

On March 27, 2023, Winnebago Industries acquired electrical equipment company Lithionics Battery

Acquisition Highlights
  • This is Winnebago Industries’ 1st transaction in the Electrical Equipment sector.
  • This is Winnebago Industries’ 5th transaction in the United States.
  • This is Winnebago Industries’ 1st transaction in Florida.

M&A Deal Summary
Date 2023-03-27
Target Lithionics Battery
Sector Electrical Equipment
Buyer(s) Winnebago Industries
Deal Type Add-on Acquisition

Target

Lithionics Battery

Clearwater, Florida, United States
Lithionics Battery is a provider of lithium-ion batteries to the recreational equipment and specialty vehicle markets. Using a proprietary Battery Management System called NeverDie Technology, it offers a broad range of standard and custom-designed battery configurations delivering “house power,” supporting internal electrical features and appliances for a variety of outdoor products for the marine and recreational vehicle markets. Other markets served include both house power and traction power for low-speed electric vehicle markets, as well as cell towers and industrial applications requiring ruggedized power systems. It operates a modern factory using technology that was designed and built in-house for advanced assembly. Lithionics Battery was founded in 2010 and is headquartered in Clearwater, Florida.

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Buyer(S) 1

Buyer

Winnebago Industries

Eden Prairie, Minnesota, United States
Category Company
Founded 1958
Sector Automotive
Employees6,250
Revenue 3.5B USD (2023)
DESCRIPTION
Entrance to Winnebago's visitor center in Forest City, Iowa.
Entrance to Winnebago's visitor center in Forest City, Iowa.

Winnebago Industries is a manufacturer of recreation vehicles (RVs), which are used primarily in leisure travel and outdoor recreation activities. Winnebago builds motor homes, travel trailers, fifth wheel products and transit buses. Winnebago Industries was founded in 1958 and is based in Eden Prairie, Minnesota.

DEAL STATS #
Overall 5 of 5
Sector (Electrical Equipment) 1 of 1
Type (Add-on Acquisition) 5 of 5
State (Florida) 1 of 1
Country (United States) 5 of 5
Year (2023) 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2021-07-20 Barletta Pontoon Boats

Bristol, Indiana, United States

Barletta Pontoon Boats is a pontoon boat manufacturer that focuses on high-quality, innovative products, unrivaled customer experience, and strong dealer relationships. Barletta Pontoon Boats was founded in 2017 and is based in Bristol, Indiana.

Buy $270M
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