Agile Magnetics has been acquired by Standex International

Agile Magnetics has been acquired by Standex International 2018-10-04T22:14:03+00:00

Project Description

Regional Mfg. Specialists, Inc., d/b/a Agile Magnetics (“Agile”), a leading designer and manufacturer of high reliability custom magnetics, has been acquired by Standex International Corporation (NYSE: SXI, “Standex”).  Agile was a portfolio company of Coppermine Capital and Sage Peak Capital.

Headquartered in Concord, New Hampshire, Agile Magnetics manufactures high reliability magnetic components such as custom transformers, specialized inductors and tailor-made electromagnetic coils.  The Company’s products are primarily purposed for mission and process critical power supply and conversion applications where the customer has high reliability, survivability and longevity requirements.  The Company’s customers are predominantly OEM equipment manufacturers in the semiconductor, industrial, defense, medical, commercial and electronics industries.  Agile manufactures products in varying levels of complexity, from simple line voltage transformers to complex linear motor stators for U.S. Navy ships.  The Company also offers value-added services to whatever level required by the customer.

Standex is a global, multi-industry manufacturer in five broad business segments: Food Service Equipment, Engraving, Engineering Technologies, Electronics, and Hydraulics.  Agile will become a part of the Standex Electronics division, strengthening Standex’ magnetics capabilities, opening new high growth end markets and adding capabilities.

James Atwood, President of Agile, commented “Joining a world-class leader like Standex provides a global presence, deeper pool of resources and the ability to improve our competitive position in a variety of markets.  Our new broader set of capabilities and technology offerings will enable us to form deeper partnerships, better meet our customers’ needs and optimize our supply chain.”

“The addition of Agile Magnetics is an important step forward in building out the high reliability magnetics business of Standex Electronics,” said Standex Chief Executive Officer David Dunbar.  “As a result of this combination, Standex Electronics broadens its exposure to several high-growth end-markets and adds a valuable manufacturing and sales base in the Northeast.  Additionally, we see exciting opportunities to drive sales synergies by offering complementary products from Standex’s broader portfolio to Agile’s customer base.  We have looked at many high reliability magnetics businesses and Agile’s deep expertise in custom engineered solutions and strong, collaborative customer relationships makes it an excellent fit for our organization.  We welcome Agile’s management and team of approximately 80 employees to the Standex family.”

Philpott Ball & Werner, LLC served as investment banker to Agile and its owners Coppermine Capital and Sage Peak Capital.  Agile had trailing twelve month revenues of $17.2 million at the time of sale and was purchased for $39 million all cash.  For more information about this transaction, please contact PB&W Managing Directors Matt Carpenter (mcarpenter@pbandw.com) or Nick Berry (nberry@pbandw.com).