About the Transaction
Paramax advised Peter Parts Electronics (“PPE” or the “Company”), a privately owned supplier, on its sale to Kehoe Component Sales, Inc., doing business as Pace Electronic Products (“Pace”), a strategic acquirer.
PPE is a supplier of key electronic parts, components, and assemblies to OEM’s and contract manufacturers with medium- to high-volume needs throughout the United States and in more than a dozen other countries. The Company uses its product application knowledge to provide custom integrated solutions that are fulfilled via a network of international manufacturers that it has developed. As a provider of value-added manufacturing services, PPE first and foremost seeks to meet the needs of its customers. The Company is headquartered in Ontario, New York, operates a warehouse outside San Diego, California, and has a representative office in Shenzhen, China.
The Buyer, Pace, provides electronic contract manufacturing and electronic component sourcing for clients in consumer, medical, industrial controls, automotive, and emergency lighting/safety product industries worldwide. Pace was incorporated in 1969 and is based in Sodus, New York with manufacturing facilities in Kowloon, Hong Kong and Heshan, China. It has warehouse facilities in the United States and a logistics office in Hong Kong.
Paramax Corporation is a FINRA-registered investment banking firm focused on advising companies and shareholders in sell-side M&A transactions to strategic buyers at after-tax optimized prices. Paramax is headquartered in Williamsville, NY with an International reach through its partnership with Globalscope Partners, a leading group of corporate finance and business advisors operating globally to support M&A transactions. In addition to its sell-side advisory practice, Paramax engages with clients on buy-side and recapitalization transactions, as well as valuation and strategic consulting. For more information on this transaction, please contact a member of our team.