Announced
Completed
Financials
Tags
wire harness
Majority
Private
Private Equity
United States
Domestic
cable assemblies
Single Bidder
Completed
Friendly
Electrical Components
Acquisition
Synopsis
Cerberus Capital-backed Electrical Components International, a supplier of electrical distribution systems, completed the acquisition of Manufacturing Resource Group, an electro-mechanical devices and electrical distribution systems manufacturer. Financial terms were not disclosed. “Businesses across sectors are investing in warehouse automation technologies to enhance processes and meet accelerated e-commerce demand. MRG is a proven leader in the automation market with sophisticated capabilities and longstanding customer relationships. This partnership will enable MRG to benefit from ECI’s infrastructure and aligns with our strategy of expansion in high-growth segments. We’re thrilled to welcome the MRG team to our ECI family as we continue to build on our trusted reputation across the globe," Mike Balsei, ECI CEO.
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