Edafio Technology Partners acquired Coleman Technologies LLC, a company which is engaged in evaluating, implementing, and maintaining electronic health records (EHR) and electronic medical records (EMR) solutions for the medical community in Arkansas.
Thoma Bravo, LLC acquired Sparta Systems, Inc., a company which develops and delivers enterprise quality management software (EQMS) solutions.
Wi-Lan Inc. (TSX:WIN) acquired Nokia Networks, Inc., Portfolio of Patents, a company which comprises wireless handset and infrastructure technologies related to CDMA, WCDMA, GSM, HSPA and 4G/LTE technologies.
EMRISE LARUS
Larus Corporation, a closely held company based in San Jose , California develops and manufactures network synchronization and timing products used to synchronize private and public communications networks .
Emrise Corporation, formerly known as Microtel International, Inc., is a publicly traded company headquartered in Rancho Cucamonga , California with annual revenues of approximately US$50 million. It is a multinational manufacturer of defense and aerospace electronic components and subsystems and communication equipment . The acquisition of Larus Corporation expands its activities in specialized products for the telecommunications industry and affords it a US sales channel for its European developed networking products.
OEM Capital was asked to assist Emrise Corporation in its merger and acquisition program. The company believed that, to maximize shareholder value, it was strategically important that it undertake an aggressive acquisition program that would complement its established businesses.
OEM Capital worked closely with management to identify, evaluate and approach suitable acquisition candidates that could be a strategic complement to its network access business and then help structure the transaction and assist in negotiations with the selling shareholders. A key aspect of the program was to secure acquisitions that would not be dilutive to Emrise Corporation’s shareholders and not require a substantial cash payment at closing.
Our success with Emrise Corporation illustrates that , whether a business is healthy, under performing or distressed, superior valuations can be realized for the selling shareholders by a well-executed approach to a sale or divestiture by merger and acquisition professionals who are knowledgeable about the industry and the intentions of its participants.
Pascall Electronics
Pascall Electronics Ltd., a wholly owned subsidiary of Intelek plc, a London Stock Exchange listed company specializes in rugged power supplies and components for radar and electronic warfare receivers, navigation and location equipment, communication and marine safety systems.
Emrise Corporation is a publicly traded company headquartered in Rancho Cucamonga , California with annual revenues of approximately US$50 million. The acquisition of Pascall Electronics Ltd. expands its activities in specialized products for the aerospace and communications industries and affords it an entry into the high frequency amplifier marketplace.
OEM Capital was asked to assist Emrise Corporation in its merger and acquisition program. The company believed that, to maximize shareholder value, it was strategically important that it undertake an aggressive acquisition program.
OEM Capital worked closely with Emrise’s management to identify, evaluate and approach suitable acquisition candidates that could be a strategic complement to its business and then help structure the transaction and assist in negotiations with Intelek.
Our international reach allowed Emrise to review acquisition candidates throughout North America and Europe.
As a result of our involvement, Emrise Corporation was able to conclude a transaction where there is not only strong operational and geographical synergy with its operations, but which is expected to be highly accretive its earnings and contribute significantly to its earnings per share. This is the second acquisition we have helped Emrise complete in the past year . Since our involvement began, Emrise’s market capitalization has increased tenfold.
Our success with Emrise Corporation illustrates that , whether a business is healthy, under performing or distressed, superior valuations can be realized for the selling shareholders by a well-executed approach to a sale or divestiture by merger and acquisition professionals who are knowledgeable about the industry and the intentions of its participants.
Leeds Electronics
Leeds Electronics, headquartered in Chicago, Illinois, is a well-regarded distributor of electro-mechanical and passive electronic components that are sold to commercial and industrial customers. Leeds was established in 1987 and has offices in five states in the Midwest (Illinois, Wisconsin, Minnesota, Indiana, and Ohio).
Hughes Peters, headquartered in Dayton, Ohio, is a distributor of electronic components and supplier of value-added services with offices in for states (Ohio, Pennsylvania, Michigan, and Texas). With its acquisition of Leeds Electronics, the second in a year for Hughes Peters, the company has significantly expanded its geographic footprint in the Midwest and augmented its product line card.
OEM Capital is a merger and acquisition advisory firm with its primary focus on electronics, communications, software and information technology companies. Its professionals have extensive experience in the industries that they cover. As a member firm in the International Network of M&A Partners, (IMAP), OEM Capital is able to expose its clients to potential acquisitions in every major technology market in the world.
OEM Capital was engaged to assist Leeds in finding a buyer. It prepared marketing materials to best reflect the business opportunity and then contacted companies in the US and abroad who it believed could have a serious interest. Through a competitive sale process, a premium valuation was secured.
OEM Capital’s success with Leeds illustrates that superior valuations can be realized for the selling shareholders by a well executed approach to a sale or divestiture by merger and acquisition professionals who are knowledgeable about the industry and the intentions of its participants.
Inspectron
Inspectron Corporation, a closely held company based in Chelmsford , Massachusetts , is a technology leader in the development of high-speed optical recognition systems for printed document quality control and packaging verification.
Formscan plc, a publicly traded company headquartered in Frome , England is focused on workflow software and document printing validation systems. The acquisition of the business of Inspectron substantially expands Formscan’s sales and marketing activities in the US and provides it with an expanded product line.
OEM Capital was asked by Inspectron’s venture capital investors to assist the company in managing the sale of its business to maximize shareholder value. Inspectron’ s shareholders believed that the company required a strategic partner with the resources to effectively exploit its proprietary, state-of-the-art technology. Key to a successful engagement was finding and closing a transaction within ninety days.
OEM Capital worked closely with management to prepare a selling memorandum while developing a marketing program aimed at soliciting interest from strategic acquirers, time being of the essence. Using our network of international affiliates, this program elicited several interested parties and a selected group met with management and received a detailed presentation of the business.
As a result of our involvement, Inspectron Corporation was able to conclude a transaction within the time frame required by its investors.
Our success with Inspectron Corporation illustrates that , whether a business is healthy, under performing or distressed, superior valuations can be realized for the selling shareholders by a well-executed approach to a sale or divestiture by merger and acquisition professionals who are knowledgeable about the industry and the intentions of its participants.
Mark IV
Cetec Corporation, a publicly held company on the American Stock Exchange with annual revenues of US$35 million is based in El Monte, California. The company is engaged in the development and manufacturing of wireless microphones, audio amplifiers, and mixing equipment, marine electronics, plastics molding and automotive parts refurbishing.
Mark IV lndustries, Inc., is a diversified publicly traded company headquartered in Amherst, New York with annual revenues of approximately US$1,550 million. Its Electro- Voice subsidiary is a multinational developer and distributor of professional microphones, audio speakers and audio electronics equipment. The acquisition of Cetec Corporation provides Electro-Voice both a well-regarded wireless microphone product line and a complementary line of audio electronics.
OEM Capital identified Cetec Corporation’s audio business as an excellent strategic fit for EV and was asked by Mark IV lndustries, Inc. to assist it in the purchase of Cetec Corporation.
OEM Capital approached Cetec Corporation and introduced Mark IV lndustries, Inc. as a serious purchaser of the company. When Cetec Corporation chose instead to sell to a private equity group at a higher price, we advised Mark IV lndustries, Inc. on a program that was ultimately successful in its purchasing the shares of Cetec Corporation.
Our success with Mark IV lndustries, Inc. illustrates that, whether a business is healthy, under performing or distressed, superior valuations can be realized for the selling shareholders by a well-executed approach to a sale or divestiture by merger and acquisition professionals who are knowledgeable about the industry and the intentions of its participants.
Max Q Technologies
Max Q Technologies, Inc., a privately held company based in Norwalk , Connecticut , was formed to provide total business software solutions and implementation services for middle market companies. The company is in the forefront of developing advanced supply chain management, data warehousing and financial applications. It plans to develop a national network of value added resellers to provide businesses a cost-effective solution with the quality control assurances of a national brand.
CEP Systems, Inc., a private company headquartered in Norwalk, Connecticut and Beacon Productivity Group, Inc., a private company headquartered in Detroit, Michigan are software developers and value added resellers of third-party software. EBIZ USA Inc. was the predecessor company to Max Q Technologies, Inc.
OEM Capital was asked by the CEO and founder of Max Q Technologies to assist him in merger and acquisition negotiations and to secure the necessary investment to conclude the contemplated transactions .
OEM Capital worked closely with the founder to prepare a financing memorandum and investor presentations while developing a marketing program aimed at soliciting interest from interested equity groups. Using our network of institutional and individual private equity sources, this program elicited several interested investors and a selected group met with management and received a detailed presentation of the business plan.
As a result of our involvement, Max Q Technologies, Inc. was able to conclude a transaction with an investor group that is prepared to fund additional acquisitions.
Our success with Max Q Technologies, Inc. illustrates that superior results can be realized for a company by a well-executed sales approach by merger and acquisition professionals who are knowledgeable about the industry and the intentions of its participants.
Mettalon Engineered Materials Corp.
Metallon Engineered Materials Corp., based in Pawtucket, Rhode Island is a manufacturer of custom engineered clad metal products, principally for the electronics interconnect and switching industry. Metallon has been a key supplier to the electronics industry for more than ten years.
Copperweld Corporation, based in Pittsburgh , Pennsylvania , is a specialty metals fabricator and a wholly owned subsidiary of Imetal SA of France .
OEM Capital was asked by Metallon Engineered Materials Corp.’s principal investors, the Aegis Venture Funds and Landmark Partners, Inc., to assist in securing a buyer and negotiating the transaction in order that the shareholders could liquidate their holdings. From time to time they had been approached by potential acquirers, including management. However, they now wished to maximize shareholder value and retained us to manage a private sale with competitive bidding and assist in the negotiations.
OEM Capital worked closely with management to prepare a selling memorandum while developing a marketing program aimed at soliciting interest from strategic acquirers, time being of the essence. Using our network of international affiliates, this program elicited several interested parties and a selected group met with management and received a detailed presentation of the business.
Our success with Metallon illustrates that, whether a business is healthy or distressed, superior valuations can be realized for the selling shareholders by a well-executed approach to a sale or divestiture by merger and acquisition professionals who are knowledgeable about the industry and the intentions of its participants.
