Abc Technologies Announces Financing Transactions As Part Of The Announced Acquisition Of Dlhbowles From Mpe Partners

Jan 05, 2022•over 3 years ago

Acquiring Company

ABC Technologies Holdings

Acquired Company

dlhBOWLES

TorontoManufacturing

Description

ABC Technologies Holdings Inc. (TSX:ABCT) (“ABC Technologies”, “ABC” or the “Company”), a leading manufacturer and supplier of custom, highly engineered technical plastics and lightweighting innovations to the global automotive industry, today announced a private placement, rights offering and debt commitment letter to finance the acquisition of dlhBOWLES, Inc. from MPE Partners (“MPE” or “Morgenthaler Private Equity”) for approximately US$255 million (the “dlhB Acquisition”).

Company Information

Company

ABC Technologies Holdings

Location

Toronto, Ontario, Canada

About

ABC Technologies is a leading manufacturer and supplier of custom, highly engineered, technical plastics and lightweighting innovations to the North American light vehicle industry, serving more than 25 original equipment manufacturer customers globally through a strategically located footprint. ABC Technologies’ integrated service offering includes manufacturing, design, engineering, material compounding, machine, tooling and equipment building that are supported by an experienced engineering team of approximately 600 skilled professionals and 6,150 employees worldwide. The Company operates in six product groups: HVAC Systems, Interior Systems, Exterior Systems, Fluid Management, Air Induction Systems, and Flexible & Other. ABC Technologies’ head office address is 2 Norelco Drive, Toronto, Ontario, Canada M9L 2X6.

FundzWatch™ Score

High M&A Activity

Related People

M&A Insights

Based on deal data

Integration timeline

70% of M&A integrations take 12-24 months to complete

Tech stack consolidation

83% of merged companies consolidate technology vendors within first year

Post-acquisition investment

Companies increase IT spending by 23% on average after acquisitions

Success factor

M&A deals with strong technology integration plans are 2.5x more likely to succeed