Magnetic Holdings (Tinicum) Acquires Electron Energy Corporation

August 1, 2024

Magnetic Holdings, a portfolio company backed by Tinicum, has acquired Electron Energy Corporation (EEC), a U.S. manufacturer of samarium‑cobalt and rare‑earth magnets. The Walmer family retained a significant minority stake and Michael Walmer joined Magnetic Holdings' board; financial terms were not disclosed. The deal creates a vertically integrated group of magnet businesses serving aerospace, defense, medical, semiconductor, energy, and industrial end markets.

Buyers
Magnetic Holdings, LLC, Tinicum
Targets
Electron Energy Corporation
Sellers
Walmer family
Platforms
Magnetic Holdings, LLC
Industry
Manufacturing
Location
Pennsylvania, United States
Transaction Type
Addon

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