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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