Johnson Electric completes $800M acquisition of Stackpole International

Johnson Electric Holdings Limited, a global leader in electric motors and motion subsystems, announced on October 27, 2015, that it had completed the acquisition of Stackpole International, a leading supplier of engine and transmission pumps and powder metal components, primarily for automotive applications.

Stackpole, headquartered in Ontario, Canada, has a 109-year history as a supplier of highly-engineered components to the automotive industry. It employs over 2,500 individuals across a global operating footprint that includes nine manufacturing facilities located in North America, Europe and Asia. Its blue-chip customer base is comprised mainly of the world’s leading automotive original equipment manufacturers and their Tier 1 suppliers.

Johnson Electric acquired Stackpole from SI Investors, L.P., a limited partnership majority owned by Crestview Partners, in an all-cash transaction that valued Stackpole at $800 million on an enterprise value basis.

Johnson Electric was led by Chris Hasson, Executive Vice President, and advised by Joseph Yang, Vice President & General Counsel, of Johnson Electric. Johnson Electric was represented by Latham & Watkins LLP with a team led by Thomas Keim. Blake, Cassels & Graydon LLP advised Johnson Electric on Canadian matters with a team that included Jeff Lloyd, David Kruse, Arash Amouzgar, David Forsayeth and Matthew Mundy (M&A), Paul Stepak and Peter Lee (tax), Jason Gudofsky and Cassandra Brown (regulatory), Elizabeth Boyd (pensions), Holly Reid (employment), John Hutmacher (real estate), Antonio Turco (intellectual property) and Jonathan Kahn (environmental).

SI Investors was represented by Kirkland & Ellis LLP with a team led by Alexander Fine.  Stikeman Elliott LLP advised Crestview Partners on Canadian matters with a team that included Brian Pukier, Jonah Mann and Cara Cornacchia (M&A), John Lorito and Katy Pitch (tax) and Michael Kilby (regulatory).