FOCUS Investment Banking Represents Tectrol in Business Sale
Washington, DC (March 13, 2015) – FOCUS Investment Banking, a national middle market investment banking firm providing merger, acquisition, divestiture and corporate finance services announced today that Tectrol, Inc. has been acquired by CUI Global, Inc. (NASDAQ:CUI). FOCUS represented Tectrol in the transaction.
Tectrol, a family-owned, Toronto, Canada based company, founded in 1968 is a leading designer and manufacturer of standard and custom power solutions. For more than 40 years, the company has been one of the most flexible and most respected providers of power products with the unique ability to accommodate design challenges for low, medium and high volume applications. Its customer list includes some of the most iconic electronic, networking, medical and technology companies in the world.
The acquisition will greatly expand CUI’s power product portfolio along with its engineering and manufacturing capabilities. Already a leader in the digital power space, the Tectrol line will add a standard portfolio of high-density, high efficiency ac & dc power supplies ranging from 200 W to 3000 W along with modified-standard and custom capabilities. The acquisition will also significantly boost CUI’s power design and manufacturing resources with the addition of Tectrol’s advanced 74,000 sq. ft. Toronto facility.
CUI’s President, Matt McKenzie commented, “We believe this transaction is a step forward for our company as we look to deliver our customers the most advanced power solutions from the ac front-end all the way to the dc point of load. We are very excited about the synergies between the companies and are confident that the integration will immediately enhance the capabilities of our Power group.”
The lead FOCUS bankers were Eric Oganesoff and Jim Hawkins.
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About FOCUS LLC
FOCUS LLC provides a range of middle market investment banking services with an emphasis on mergers, acquisitions, divestitures and corporate finance. FOCUS is a national firm serving clients from offices in major cities across the United States. FOCUS specializes in business units with transactions or revenues in the $5-300 million range, serving entrepreneurs, corporate owners and various types of investors across a broad range of industries, throughout the U.S. and worldwide. FOCUS bankers are seasoned operating and financial executives with extensive transaction experience. Securities transactions conducted by FOCUS Securities LLC, an affiliated company, registered Broker Dealer member FINRA/SIPC. For more information on FOCUS, visit www.focusbankers.com.
In the two years prior to joining FOCUS, Mr. Oganesoff led or co-led the formation of three companies in RFID services, supply chain and logistics solutions, and advanced fiber product manufacturing. He led the business strategy development, M&A transactions and capital raise activities as an investor and transition CEO in these ventures.
Before joining FOCUS Mr. Oganesoff served as the CEO or president of several companies. He was president and CEO of TracerNet, an enterprise level wireless mobile asset management solutions provider for commercial fleets. Before that he served as founder, chairman and CEO of Greenstone Industries, a consolidation of specialty fiber environmental product manufacturers and distributors with nine manufacturing facilities across North America. He also served as president of Washington Resources Group, Inc. (WRG), a diversified holding company with a total of 22 operating subsidiaries and high-tech venture capital investments and a wholly-owned subsidiary of Washington Gas Light.
Mr. Oganesoff received a White House appointment to NASA as Special Assistant to the Associate Administrator, Office of Space Flight, where he headed the NASA task force that developed NASA’s first strategic marketing plan for Space Shuttle launch services. In this role he directed efforts to determine sales, pricing strategies, NASA’s involvement in insurance, financing, and countertrade. He received a Presidential Commendation from President Reagan for his work at NASA.
Mr. Oganesoff received his Bachelor of Science degree in electrical engineering from the University of Maryland. He earned his MBA from Southern Illinois University. He has also served on the board of many high-tech and emerging companies and industry associations.
