Deal Details
Ergotron Is Sold to Sterling
Summary
Ergotron, Inc. (“Ergotron” or the “Company”), a portfolio company of Melrose Industries plc (“Melrose”), has announced its sale to The Sterling Group (“Sterling”). Completion of the transaction is expected to occur in the third quarter of 2022.
Baird served as the exclusive financial advisor to Ergotron on this transaction.
About
Ergotron is a leading designer, manufacturer and distributor of ergonomic products for use in a variety of working, learning and healthcare environments. Its products include carts, desk mounts, wall mounts, workstations, stand-up desks, multi-monitor mounts, charging systems, medical carts and related accessories. The company is headquartered in Saint Paul, Minnesota.Melrose buys good manufacturing businesses with strong fundamentals whose performance can be improved. Melrose finances its acquisitions using a low level of leverage, improves the businesses by a mixture of investment and changed management focus, sells them and returns the proceeds to shareholders. Melrose’s shares are traded on the London Stock Exchange.
Founded in 1982, The Sterling Group is a private equity investment firm that targets controlling interests in basic manufacturing, distribution, and industrial services companies. Typical enterprise values of these companies at initial formation range from $100 million to $750 million. Sterling has sponsored the buyout of 62 platform companies and numerous add-on acquisitions for a total transaction value of over $14.0 billion. Sterling recently closed its fifth investment fund with $2.0 billion in commitments and currently has over $5.7 billion of assets under management. Sterling is headquartered in Houston, Texas.
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- Date
- June 2022
- Company
- Ergotron, Inc.
- Transaction
- M&A - Sellside
- Sectors
- Industrial
- Verticals
-
Healthcare IT & Services
- Target Geography
- North America
- Acquiror Geography
- North America
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