Harris Williams & Co., a preeminent middle market investment bank focused on the advisory needs of clients worldwide, announces the pending sale of Casco Automotive Group (Casco), a division of Cap-Con Automotive Technologies Ltd. (Cap-Con), to Amphenol Corporation (NYSE: APH). Cap-Con is a portfolio company of The Jordan Company II, L.P. Amphenol Corporation will acquire Casco for approximately $450 million and the transaction is expected to close prior to year end, subject to certain regulatory approvals and other customary closing conditions. The transaction is being led by Patrick McNulty, Jay Hernandez, Brad Morrison, and Brandt Carr of Harris Williams & Co.’s Industrials Group and Joe Conner and Jason Bass of the firm’s Transportation & Logistics (T&L) Group.
“Casco is the market leader in highly-engineered power, connectivity, and sensor solutions for the automotive industry with unparalleled global manufacturing and logistics capabilities and a strong track record of growth with the industry’s leading OEMs,” said Patrick McNulty, managing director and co-head of Harris Williams & Co.’s Industrials Group. “It was a true pleasure working with Casco’s management team and we are excited for Casco’s continued success under Amphenol’s ownership,” he added.
“Casco represents another marquee transaction for our automotive practice,” said Joe Conner, managing director in Harris Williams & Co.’s T&L Group. “By continuing to partner with great organizations like Casco, we have built the premiere automotive practice in the market with great depth of experience across all sectors.”
Casco is a market leading supplier of highly-engineered data connectivity, power, charging and sensor products to the worldwide automotive market. Headquartered in Bridgeport, CT, Casco has facilities in the Americas, Europe, and Asia and employs approximately 1,300 people worldwide with annual sales of approximately $220 million.
The Jordan Company, founded in 1982, is a middle market private equity firm that manages funds with original capital commitments in excess of $8 billion with a 30-year track record of investing in and contributing to the growth of many businesses across a wide range of industries. Headquartered in New York, The Jordan Company also has offices in Chicago and Shanghai.
Amphenol Corporation is one of the world’s largest designers, manufacturers, and marketers of electrical, electronic, and fiber optic connectors, interconnect systems, antennas, and coaxial and high-speed specialty cable. Headquartered in Wallingford, CT, the company designs, manufactures, and assembles its products at facilities in the Americas, Europe, Asia, Australia, and Africa.
Harris Williams & Co. (www.harriswilliams.com), a member of The PNC Financial Services Group, Inc. (NYSE:PNC), is a preeminent middle market investment bank focused on the advisory needs of clients worldwide. The firm has deep industry knowledge, global transaction expertise and an unwavering commitment to excellence. Harris Williams & Co. provides sell-side and acquisition advisory, restructuring advisory, board advisory, private placements and capital markets advisory services.
Harris Williams & Co.’s Industrials Group has experience across a variety of sectors, including advanced manufacturing; capital goods; chemicals; industrial and environmental services; flow control; metals; natural resources and mining; paper, plastics and packaging; power connectivity and control; and test and measurement. For more information on the firm’s Industrials Group and other recent transactions, visit the Industrials Group’s section of the Harris Williams & Co. website.
Harris Williams & Co.’s T&L Group is dedicated to providing superior merger and acquisition advisory services to companies in a variety of attractive niches across the broader transportation, logistics and automotive industries. For more information on the firm’s T&L Group and other recent transactions, visit the T&L Group’s section of the Harris Williams & Co. website.
Investment banking services are provided by Harris Williams LLC, a registered broker-dealer and member of FINRA and SIPC, and Harris Williams & Co. Ltd, which is authorised and regulated by the Financial Conduct Authority. Harris Williams & Co. is a trade name under which Harris Williams LLC and Harris Williams & Co. Ltd conduct business.
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