M&A Deal Summary |
|
|---|---|
| Date | 2023-04-03 |
| Target | ECM Industries |
| Sector | Electrical Equipment |
| Buyer(s) | nVent Electric |
| Sellers(s) |
Sentinel Capital Partners
Norwest Mezzanine Partners |
| Deal Type | Add-on Acquisition |
| Deal Value | 1.1B USD |
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| Category | Company |
|---|---|
| Founded | 1903 |
| Sector | Electrical Equipment |
| Employees | 9,900 |
| Revenue | 2.9B USD (2022) |
nVent Electric is a global provider of electrical connection and protection solutions. nVent designs, manufactures, markets, installs, and services high performance products and solutions that connect and protect some of the world’s most sensitive equipment, buildings, and critical processes. nVent offers a comprehensive range of enclosures, electrical connections and fastening, and thermal management solutions across industry-leading brands that are recognized globally for quality, reliability, and innovation. The Company's principal office is in London, United Kingdom and our management office in the United States is in Minneapolis, Minnesota. nVent Electric was founded in 1903 and is based in London, the United Kingdom.
| DEAL STATS | # |
|---|---|
| Overall | 6 of 7 |
| Sector (Electrical Equipment) | 1 of 2 |
| Type (Add-on Acquisition) | 5 of 6 |
| State (Wisconsin) | 1 of 1 |
| Country (United States) | 4 of 4 |
| Year (2023) | 1 of 2 |
| Size (of disclosed) | 1 of 3 |
| DATE | TARGET | DEAL TYPE | VALUE |
|---|---|---|---|
| 2022-06-06 |
Iceotope
Sheffield, United Kingdom Iceotope’s chassis-level precision immersion cooling solutions are engineered to cool the whole IT stack, in every use case, from Hyperscale to the Extreme Edge. Its cooling technologies can easily accommodate the increasing heat loads from the latest and future processor roadmaps and fit all standard form factors, including retrofit. By removing the need for fans and air-cooling infrastructure, Iceotope’s technologies operate in near silence bringing game-changing reductions in energy, water, and space consumption, and significant cost reductions in the design, build, and operation of data centers. Its precision immersion cooling uniquely allows computing to be deployed to hostile, harsh, and extreme edge locations in a sealed and safe environment which makes it impervious to heat, dust, and humidity, while endowing it with a high degree of human error resilience. Iceotope was formed in 2005 and is based in Sheffield, United Kingdom. |
Buy | - |
| DATE | TARGET | DEAL TYPE | VALUE |
|---|---|---|---|
| 2023-07-11 |
TEXA Industries
Mantua, Italy TEXA Industries is a provider of industrial cooling applications, including air conditioners and chillers, based in Mantua, Italy. |
Buy | - |
| Category | Private Equity Firm |
|---|---|
| Founded | 1995 |
| PE ASSETS | 6.0B USD |
| Size | Mega |
| Type | Sector Agnostic |
Sentinel Capital Partners is a private equity firm that targets investments in middle-market companies with strong management and 'attractive growth prospects'. Sentinel looks to invest up to $175 million of equity in companies generating EBITDA of up to $65 million. Sectors of interest include business services/outsourcing, consumer products and services, food and restaurants, franchising, and manufacturing. Prospective transaction situations include management buyouts, recapitalizations, corporate divestitures, take-privates, and growth capital financings. Sentinel Capital Partners was formed in 1995 and is based in New York City.
| DEAL STATS | # |
|---|---|
| Overall | 69 of 69 |
| Sector (Electrical Equipment) | 4 of 4 |
| Type (Add-on Acquisition) | 17 of 17 |
| State (Wisconsin) | 5 of 5 |
| Country (United States) | 62 of 62 |
| Year (2023) | 2 of 2 |
| Size (of disclosed) | 1 of 10 |
| DATE | TARGET | DEAL TYPE | VALUE |
|---|---|---|---|
| 2023-02-01 |
Apex Companies
Rockville, Maryland, United States Apex is a multi-disciplinary environmental services firm with 28 branches located throughout the Eastern and Central United States. The company provides a broad platform of environmental services, including stormwater system design, engineering, and maintenance; ports, harbors, and water system design and engineering; environmental remediation; industrial hygiene services; and general site assessment, regulatory compliance, and environmental consulting work. Apex was formed in 1988 and is headquartered in Rockville, Maryland. |
Sell | - |
| Category | Mezzanine Finance Firm |
|---|---|
| Founded | 2000 |
| PE ASSETS | 2.6B USD |
| Size | Large |
| Type | Sector Agnostic |
Norwest Mezzanine Partners (NMP) is an independent investment firm focused on providing junior capital to support transactions initiated by private equity sponsors. NMP looks to commit up to $50 million per investment. Prospective transaction situations can include buyouts, acquisitions, leveraged buildups or consolidations, recapitalizations, and going privates. NMP will consider opportunities in a wide range of industries, including distribution, manufacturing, healthcare, and consumer products. Norwest Mezzanine Partners is affiliated with private equity firm Norwest Equity Partners. NMP was formed in 2000 and is based in Minneapolis, Minnesota.
| DEAL STATS | # |
|---|---|
| Overall | 52 of 53 |
| Sector (Electrical Equipment) | 2 of 2 |
| Type (Add-on Acquisition) | 25 of 26 |
| State (Wisconsin) | 4 of 4 |
| Country (United States) | 50 of 51 |
| Year (2023) | 1 of 2 |
| Size (of disclosed) | 3 of 16 |
| DATE | TARGET | DEAL TYPE | VALUE |
|---|---|---|---|
| 2022-11-16 |
L2 Brands
Hanover, Pennsylvania, United States L2 Brands is a manufacturer and supplier of branded collegiate-licensed apparel. L2 Brands provides a full apparel offering including high-quality t-shirts, fleece, and bottoms, as well as adjacent product categories such as spirit blankets and pillows. L2 Brands was founded in 1991 and is based in Hanover, Pennsylvania. |
Buy | - |
| DATE | TARGET | DEAL TYPE | VALUE |
|---|---|---|---|
| 2023-06-26 |
Bix Produce
Little Canada, Minnesota, United States Bix Produce processes and distributes the finest quality bulk and pre-cut fruits and vegetables, dairy, and related food items to food service operators, including restaurants, hotels, educational institutions, health care facilities, and country clubs. Bix Produce was founded in 1930 and is based in Little Canada, Minnesota. |
Sell | - |
