Sell Side Advisor

Kroll's ADG M&A Advisory Team Advised Magnetic Component Engineering on Its Sale to Dexter Magnetic Technologies

Kroll's ADG M&A Advisory Team Advised  Magnetic Component Engineering on Its Sale  to Dexter Magnetic Technologies
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2022-03-25T00:00:00.0000000
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Steven Moon is a managing director at Duff & Phelps.
Steven Moon
Deputy Head of U.S. M&A and Co-Head of Global ADG M&A Advisory
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On March 14, 2022, Magnetic Component Engineering (MCE or the “Company”), a leading manufacturer of highly specialized permanent magnets and magnet assemblies with mission critical applications across the aerospace, defense, medical and industrial technology industries, was acquired by affiliates of Dexter Magnetic Technologies (“Dexter”), which is owned by TSL Engineered Products, LLC, a company majority-owned by Tinicum L.P and affiliated funds managed by Tinicum Inc.

The transaction brings together two of the leading designers and manufacturers of permanent magnets and magnetic assemblies in North America. Both companies complement each other’s strengths to serve critical applications for aerospace, defense, medical, semiconductor, and industrial customers, offering a comprehensive range of design-engineered and build-to-print solutions under the Dexter and MCE brands. 

The Aerospace Defense and Government Services (ADG) M&A Advisory practice of Kroll Corporate Finance served as the exclusive financial advisor to MCE in connection with the transaction.

“In selecting an acquirer, I looked for a company that aligned fully with MCE’s mission, who valued quality, precision, and customer satisfaction.  I am confident that Dexter and Tinicum will provide a great home for MCE,” said Linda Montgomerie, President and Owner of MCE. “Kroll was instrumental in advising our family throughout the transaction process to this successful outcome.”

About Magnetic Component Engineering
MCE is a leading manufacturer of permanent magnets and magnet assemblies for aerospace, defense, medical, and industrial technology industries. Based in Torrance, California, MCE provides custom magnetic solutions derived primarily from rare earth materials. MCE manufactures DFARS and ITAR compliant products and holds AS9100D and ISO9001 certifications. Loeb and Loeb LLP served as legal counsel to MCE.

About Dexter Magnetic Technologies
Dexter Magnetic Technologies provides specialized magnetic components and assemblies for use in demanding applications in the medical, aerospace, defense, semiconductor manufacturing, oil and gas and industrial end markets. Dexter has been solving complex customer challenges since 1951 and manufactures its products at its headquarters in Elk Grove Village, Illinois. Dexter is owned by TSL Engineered Products, LLC, which is majority-owned by Tinicum L.P. and affiliated funds managed by Tinicum Inc. Tinicum, founded in 1974 as a family investment office, is a private partnership that manages a diversified group of industrial manufacturing, distribution, and technology companies. Goodwin Procter LLP served as legal counsel to Dexter.


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