Transaction Description
- Represented Ergotron, Inc., in its sale to Nortek.
- Ergotron is a global pioneer in the design, manufacture, and marketing of digital display mounting and mobility products, including mounts, arms, carts, and workstations that attach to display devices such as desktop monitors, notebook computers, and LCD / plasma TVs.
- Nortek is a diversified global manufacturer of branded residential and commercial ventilation, HVAC, and home technology convenience and safety products. Nortek offers a wide range of products, such as bath rans, indoor air quality systems, medicine cabinets, home technology offerings, and more.
Key Observations
- Ergotron was in the midst of a significant business shift towards growth in the direct-to-ODM sales segment at the time of our engagement.
- Due to our focus on the core business drivers and the sustainability of the company’s growth story, buyers were willing to pay a premium for Ergotron.