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New Deal


Announced

Completed

Cornell Capital-backed Lorom completed the acquisition of Segue Manufacturing Services.

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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electronics manufacturer

United States

Completed

engineering services

electro-mechanical integration

Electrical Components

Acquisition

Private

Majority

Single Bidder

Friendly

Private Equity

Cross Border

Synopsis

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Cornell Capital-backed Lorom Holding, a manufacturing solutions provider focusing on specialized cable manufacturing and assembly, completed the acquisition of Segue Manufacturing Services, a global contract electronics manufacturer specializing in custom electromechanical, cable assembly and engineering services for the medical sector. Financial terms were not disclosed. "This strategic transaction provides Segue with multiple growth opportunities, including additional manufacturing capacities on an international scale and the ability to leverage additional engineering support. With Lorom's specialized expertise in wire harness, interconnect solutions, and cable manufacturing, Segue's customers will benefit from our enhanced vertical integration capabilities. On the heels of our 30th anniversary, we couldn't be more excited about the future of Segue," Brian Desmarais, Segue CEO.

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