M&A Deal Summary

Ultra Electronics Acquires Furnace Parts

On October 14, 2015, Ultra Electronics acquired electrical equipment company Furnace Parts from Takoda Group for 12M USD

Acquisition Highlights
  • This is Ultra Electronics’ 2nd transaction in the Electrical Equipment sector.
  • This is Ultra Electronics’ 22nd largest (disclosed) transaction.
  • This is Ultra Electronics’ 18th transaction in the United States.
  • This is Ultra Electronics’ 2nd transaction in Ohio.

M&A Deal Summary
Date 2015-10-14
Target Furnace Parts
Sector Electrical Equipment
Buyer(s) Ultra Electronics
Sellers(s) Takoda Group
Deal Type Add-on Acquisition
Deal Value 12M USD

Target

Furnace Parts

Cleveland, Ohio, United States
website
Furnace Parts LLC is a designer and manufacturer of specialty industrial thermocouple and RTD assemblies. The company produces a complete line of metal sheathed, base metal and noble metal thermocouple assemblies, as well as metal and ceramic protection tubes, used both domestically and abroad.

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Buyer(S) 1

Buyer

Ultra Electronics

London, United Kingdom

website

Category Company
Founded 1993
Sector Electronics
Employees4,253
Revenue 860M GBP (2020)
DESCRIPTION

Ultra Electronics is a provider of specialist capabilities, generating highly-differentiated solutions and products in the defense & aerospace, security & cyber, transport and energy markets, by applying electronic and software technologies in demanding and critical environments to meet customer needs. Ultra Electronics Holdings was founded in 1993 and is based in London, the United Kingdom.

DEAL STATS #
Overall 38 of 38
Sector (Electrical Equipment) 2 of 2
Type (Add-on Acquisition) 29 of 29
State (Ohio) 2 of 2
Country (United States) 18 of 18
Year (2015) 2 of 2
Size (of disclosed) 22 of 35
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2015-08-24 Kratos Defense & Security Solutions - Electronic Products Division

Massachusetts, United States

Kratos Defense & Security Solutions - Electronic Products Division is a designer and producer of RF and microwave integrated systems and subsystems for use in EW, radar, communication, missile, flight test and simulation applications.

Buy $265M
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2016-05-27 Magicard

Dorset, United Kingdom

Magicard is specializes in identification card printers with high-resolution, full-color image capabilities, built-in card security features and the ability to encode smart cards. Magicard was founded in 1992 and is based in Dorset, United Kingdom.

Sell £25M

Seller(S) 1

SELLER

Takoda Group

website

Category Private Equity Firm
Founded 2005
Size Small
Type Sector Agnostic
DESCRIPTION

Takoda Group LLC is a private investment firm that invests in middle market businesses throughout the US. Takoda focuses on companies with strong/experienced management, growth potential, defensible market positions, and diverse customers. Prospective businesses generally have revenues of $5 to 100 million and EBITDA margins greater than 10%. Areas of interest include manufacturing, business services and consumer products/services. The Firm will consider a variety of transaction types, including MBO’s, growth capital financings, recapitalizations, take privates, and corporate divestitures. Takoda Group LLC was formerly known as Takoda Capital Partners. The Firm was formed in 2005 and is based in Beachwood, Ohio.

DEAL STATS #
Overall 1 of 1
Sector (Electrical Equipment) 1 of 1
Type (Add-on Acquisition) 1 of 1
State (Ohio) 1 of 1
Country (United States) 1 of 1
Year (2015) 1 of 1
Size (of disclosed) 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2011-11-15 Danco Metal Products

Avon Lake, Ohio, United States

Danco Metal Products is a provider of sheet metal fabrication services to companies in the medical, banking, power, industrial, military, construction, aerospace, and telecommunications industries. Danco Metal Products was founded in 1941 and is based in Avon Lake, Ohio.

Buy -
Mergr

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