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New Deal


Announced

Completed

Cerberus-backed Electrical Components International completed the acquisition of Promark Electronics.

Financials

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Transaction Value-
Consideration TypeCash
Capital Owned-
Capital Bid For100%
EV/Sales-
EV/EBITDA-
Share Price Premium-
One Off Charge-

Tags

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wire harnesses

Cross Border

Private Equity

Friendly

Completed

Canada

Private

Acquisition

Single Bidder

Electrical Components

Majority

Synopsis

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Electrical Components International, a Cerberus-backed wire harness, electrical components, and sub-assembly suppliers, completed the acquisition of Promark Electronics, a state-of-the-art electronics manufacturer. Financial terms were not disclosed. “We are excited to partner with Promark Electronics and establish ECI as the high-voltage harness supplier of choice in high-value, high-growth markets. With ECI’s global scale and Promark Electronics’ proprietary solutions, we will be able to help manufacturers meet the increasing demand for commercial electric vehicles as well as in adjacent e-mobility verticals,” Mike Balsei, Electrical Components International CEO.

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