CHICAGO – The number of transactions among electronics manufacturing services companies rose in the first quarter, a leading investment bank reported today. The largest deal involved the buyout of Sparton by a subsidiary of Cerberus, the private equity firm.
Ten deals were recorded in the March period, versus six a year ago, says Lincoln International. There were also six in the fourth quarter of 2018.
Among the completed transactions, consolidations made up seven, while private equity deals accounted for two. The final transaction was called a “diversification into EMS.”
Eight transactions took place in North America, the other two in Europe.