Bishop and Associates has just released a research report that chronicles the
connector industry' s acquisitions from the 1980s to the present.
Since 1990, there have 196 acquisitions with the peak activity coming in 2000
with 28 acquisitions. This report provides details on each acquisition,
identifying the buyer and seller, and specifics of the agreement when available.
The fast growing years of 1998, 1999, and 2000 produced 70 acquisitions, or
35% of all acquisitions during the past (13) thirteen years. Compared to the 28
twenty-eight acquisitions in 2000, there were only (23) twenty-three
acquisitions in 2001 and 2002 combined.
This report provides a financial analysis on (8) eight acquisitions with a
total value of $20.6 billion.
- 1. AMP acquired M/A-Com - June 1995
- 2. Thomas & Betts acquired Augat - December 1996
- 3. KKR acquired Amphenol - January 1997
- 4. FCI acquired Berg - October 1998
- 5. Tyco acquired AMP - November 1998
- 6. Tyco acquired Raychem - August 1999
- 7. Tyco acquired Thomas & Betts' connector business - May 2000
- 8. 3M acquired Robinson Nugent - October 2000
The analysis on each of the eight acquisitions results in measuring the
purchase price to:
- Annual Sales
- Free Cash Flow
- Book Value
- Return on Assets
- EBITDA
- Return on Equity
- EBIT
- Premium Paid Over Market Value
The report then consolidates the eight acquisitions, identifying the high,
low and average price ratio on each of the above financial benchmarks. The
result is a clear understanding of what buyers have paid for connector
companies.
This report lists each acquisition first by acquiring company in date order
from the oldest to the most recent acquisition. Acquisitions are also recorded
by year in which the deal occurred.