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Announced

Completed

Audax-backed EIS completed the acquisition of Norberg-IES from Argonaut Private Equity.

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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United States

electrical engineering

Electronic Components and Equipment

Completed

Private

electronic engineering

Private Equity

Friendly

Majority

Acquisition

Domestic

Single Bidder

Synopsis

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Audax-backed EIS, a distributor of process materials, production supplies, specialty wire and cable, completed the acquisition of Norberg-IES, an Oklahoma-based provider of high-voltage fuses and NEMA enclosures, from Argonaut Private Equity, a Tulsa-based private equity firm. Financial terms were not disclosed. "Norberg is a tremendous addition to our growing team. This expansion of our engineered solutions will be of great benefit to our broad customer base. The product lines and capabilities that Norberg provides are an incredible complement to our existing offerings," Glenn Pennycook, EIS CEO.

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