DEBRON INDUSTRIAL ELECTRONICS, INC. HAS BEEN ACQUIRED BY THE MENDOTA GROUP
Birmingham, Michigan – July 6, 2018 – Angle Advisors is pleased to announce that Debron Industrial Electronics, Inc. (“Debron” or the “Company”), has been acquired by The Mendota Group (“Mendota”). Angle Advisors acted as the exclusive investment banking advisor to Debron in completing this transaction.
Based in Troy, Michigan, Debron is a full service turnkey provider of value-added electronics manufacturing to the industrial, automotive, aerospace, and energy end-markets. The Company provides design, layout, engineering, and manufacturing of electronic controls, integrates them into assemblies (box build), and provides additional value-added services such as kitting, packaging and direct delivery to the end-customer. Debron is expert at both series production as well as quick-turn prototype and serves industries requiring the highest quality standards as evidenced by their IATF 16949:2016 certification.
“We have spent years developing a solid reputation and sophisticated capabilities in electronics manufacturing and box build and The Mendota Group is the perfect partner to help build upon the solid foundation we have created.” said Ron Bernot, founder and majority shareholder of Debron, “We are excited for the future of the business and especially for our loyal employees.”
Nick Jackson, Mendota partner and now Chairman of Debron commented, “We are looking forward to working with David Conover, General Manager, and the leadership team who will continue to lead the Company. Debron has the customer relationships, the technical expertise, and the capacity that will enable us to grow the business. We will build off of the Company’s technical and operational strengths and focus on continued excellence in service to our existing customers. The team’s focus on producing high quality product will fuel our future growth.”
Ron Bernot added, “The shareholders would like to thank the team at Angle Advisors. They did an outstanding job of differentiating our business and helping to find the right partner to achieve our goals. Their industry knowledge and relationships, along with their transaction expertise proved critical to making this a highly successful transaction.”
The Mendota Group is a private investment firm that targets Midwest US-based investments in low to medium technology manufacturing, distribution, and service related companies. Prospective acquisitions are either privately owned or subsidiaries/divisions of publicly owned companies. The Mendota Group typically seeks businesses with revenues between $5 and $25 million and valued less than $20 million. The Mendota Group is based in Madison, Wisconsin.
Angle Advisors, with offices in the United States, Germany, and China, specializes in mergers and acquisitions and capital raising with a particular emphasis on the industrial and vehicular sectors. The firm's professionals have completed 192 transactions since 2009 for multinational corporations, privately-held companies, private equity funds, and public sector clients. For additional information, please visit www.angleadvisors.com.