Bertram Capital has sold Anord Mardix to Flex (NASDAQ:FLEX)
Anord Mardix is a leading global provider of critical power solutions and services for the data center and industrial markets. Headquartered in Kendal, U.K., with additional operations in Blackburn and Preston, U.K.; Dundalk, Ireland; and Henrico, Virginia, U.S.; the company was established in 2018 as a result of the business combination of Anord Control Systems and Mardix Holdings, each with over 50 years of engineering experience. Anord Mardix serves as a trusted, end-to-end solutions provider to major data center customers across North America, Europe and Asia. Customers rely on Anord Mardix for its manufacturing and engineering expertise, technical support and service capabilities for high-value products, including switchgear, power distribution units, remote power panels, databar / busbar and power monitoring systems, amongst other product categories.
Lincoln acted as the lead financial advisor to Bertram Capital and Anord Mardix, working closely with the shareholders and management throughout the sale process. This included providing mergers, acquisitions and debt advisory expertise and managing the preparatory, marketing, due diligence and negotiation phases of the transaction. Anord Mardix was sold for $540 million in an all-cash transaction.
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