Yukon Partners has provided financing to back ECM Industries’ acquisition of Cincinnati-based ILSCO, a maker of electrical connectors, tools and accessories serving commercial, industrial, utility and OEM customers. No financial terms were disclosed. ECM is backed by Sentinel Capital Partners.
MINNEAPOLIS–(BUSINESS WIRE)–Yukon Partners (“Yukon”), a provider of mezzanine capital for middle market private equity transactions, is pleased to announce its support of ECM Industries (“ECM” or the “Company”), a portfolio company of Sentinel Capital Partners, in its acquisition of ILSCO.
Headquartered in New Berlin, Wisconsin, ECM is a global manufacturer and supplier of electrical products for construction, maintenance, lighting, irrigation, landscape supply, and gas utility markets. ECM serves professional electricians, contractors, maintenance technicians, and do-it-yourselfers with a wide range of premium brands. ILSCO, based in Cincinnati, Ohio, is a leading North American manufacturer of electrical connectors, tools and accessories serving commercial, industrial, utility and OEM customers.
“The acquisition of ILSCO adds an industry-leading brand with best in class power connectors and grounding solutions. But its real value is with its talented and experienced leadership team that has built deep and impactful customer and channel relationships,” said Mike Masino, CEO of ECM Industries.
Andrew Quinn, CEO of ILSCO stated, “This is a very exciting time for ILSCO as we start the next phase of our business with ECM. We are very proud of what we have built in our 126-year history and, with our complementary organizations and product lines, we will accelerate our growth and presence in the electrical industry.”
“We are very excited to welcome the ILSCO team to the ECM family. Bringing the two dynamic organizations together greatly enhances ECM’s position in connecting, grounding and terminating products. In addition, it strengthens our position in the variety of channels and customers we serve,” said Masino.
“We are thrilled to partner with Sentinel and the management teams of ECM and ILSCO,” added Michael Furey, Partner of Yukon. “The combination of ECM and ILSCO creates a leading platform in the electrical products industry that is well positioned for continued growth.”
About ECM Industries
Headquartered in New Berlin, Wisconsin, ECM is a global manufacturer and supplier of electrical products for construction, maintenance, lighting, irrigation, landscape supply and gas utility markets. The ECM Industries portfolio consists of leading brands Gardner Bender, Sperry Instruments, Bergen Industries, King Innovation and Calterm. These brands have been supplying electricians, do-it-yourselfers, contractors, and maintenance technicians with a wide variety of innovative products for over 50 years. The ECM brands are widely stocked and distributed through leading wholesalers, retailers, catalogs and e-commerce distributors. Visit www.gardnerbender.com; www.sperryinstruments.com; www.bergeninc.com; www.kinginnovation.com.
ILSCO is a vertically integrated manufacturer that offers a complete line of specification grade products and solutions to electrical distribution, utility, and OEM markets. ILSCO’s operations span three countries, with eight manufacturing locations and nine distribution centers serving customers across North America. Visit www.ilsco.com.
About Yukon Partners
Yukon Partners is an independent and unaffiliated junior capital provider, primarily serving middle market private equity sponsor led business transactions in the U.S. and Canada. The transactions in which Yukon invests include buyouts, growth and platform strategies, recapitalizations, mergers/acquisitions, and public-to-private buyouts. Yukon typically invests $10 to $50 million per transaction and currently manages approximately $1.4 billion across four funds. Yukon Partners has offices in Minneapolis, Minnesota and Boston, Massachusetts. For more information, please visit www.yukonpartners.com.
About Sentinel Capital Partners
Sentinel specializes in buying and building businesses in the lower midmarket in the United States and Canada in partnership with management. Sentinel targets aerospace and defense, business services, consumer, distribution, food and restaurants, franchising, healthcare, and industrial businesses. Sentinel invests in management buyouts, recapitalizations, corporate divestitures, and going-private transactions of established businesses with EBITDA of up to $65 million. Sentinel also invests in special situations, including balance sheet restructurings and operational turnarounds. For more information about Sentinel, visit www.sentinelpartners.com.