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).

Buyers
Firan Technology Group Corporation (FTG)
Targets
Holaday Circuits, IMI, Inc.
Sellers
Peter Bigelow
Location
United States
Transaction Type
Buyout

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