Firan Technology Group Acquires Holaday Circuits and IMI, Inc.
April 28, 2023
Firan Technology Group Corporation (FTG) completed the acquisitions of Minnesota-based Holaday Circuits and Haverhill, Massachusetts-based IMI, Inc., acquiring 100% of both businesses after receiving CFIUS approval. The deals expand FTG's U.S. manufacturing footprint and RF circuit board capabilities for the aerospace and defense markets; combined pre-pandemic sales were about $45M and combined purchase consideration was approximately $27M (Holaday includes an earn-out of up to $6M).
- Targets
- Holaday Circuits, IMI, Inc.
- Sellers
- Peter Bigelow
- Industry
- Aerospace & Defense
- Location
- United States
- Transaction Type
- Buyout
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