Industry Week in Review – July 7, 2023
KippsDeSanto & Co. Industry Week in Review – July 7, 2023
Industry Week in Review – July 7, 2023
M&A Transactions
Abracon, a portfolio company of Genstar Capital, has acquired NEL Frequency Controls, a provider of precision timing devices meeting ultra-low phase noise, ultra-low power consumption, and ultra-high frequency requirements in the smallest, most compact form factor on the market. NEL Frequency Controls’ products are used across a broad spectrum of high-tech applications, including radio frequency (“RF”) and microwave, defense, satellite communications (“SATCOM”), metrology, test and measurement, and quantum computing. Terms of the transaction were not disclosed.
Golden Gate Capital has acquired DMC Power, a portfolio company of Bridgepoint Capital and provider of proprietary, high-quality connection systems for transmission, distribution, and substation applications for mission and life-critical commercial and military aerospace hydraulic systems globally. Terms of the transaction were not disclosed.
Ideal Electric Company has acquired the Large Motor and Generator Intellectual Property (“IP”) Portfolio of Beloit Power Systems, Colt Industries, and other brands of Louis Allis Company, a provider of specialty electric motors including compressors, lifts, anchors, thrusters, fans, antennas, gun turrets, and auxiliary propulsion units for the U.S. Navy and U.S. Army since 1941. Through the acquired IP, Ideal Electric obtains the right to engineer, design, manufacture, sell, and market all Louis Allis Company Induction motors above 950 horsepower. Terms of the transaction were not disclosed.
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