Guardian Capital Partners has sold CIS Global to nVent Electric plc
Headquartered in Tucson, Arizona, CIS is a leading provider of mission-critical power distribution units (PDU) and server rack slides to the rapidly growing data center and networking industries. The company employs approximately 850 individuals and operates globally with production facilities in China, India, Thailand and the United States. CIS’s product portfolio includes a full range of basic and intelligent network-managed PDU solutions that are highly configurable to meet the needs of nearly every information technology (IT) application. Additionally, the company offers highly engineered rack mount technologies that are utilized by leading server original equipment manufacturers. An increasing demand for data services, propelling investments in IT and server technology will continue to fuel demand for servers and related solutions such as those provided by CIS. For more information, visit www.cisww.com.
nVent is a leading provider of electrical connection and protection solutions globally. The company designs and manufactures high-performance products and solutions that connect and protect some of the world’s most sensitive equipment, buildings and critical processes. nVent offers a comprehensive range of enclosures, electrical connections and fastening and thermal management solutions. For more information, visit www.nvent.com.
Lincoln acted as the exclusive financial advisor to CIS and its shareholders. Lincoln worked closely with the management team and the shareholders throughout the transaction, providing industry expertise and managing the preparatory, marketing, negotiation and due diligence phases.
“Lincoln worked tirelessly to identify and foster dialogue with the best potential partners for our needs. They provided thoughtful advice and senior-level dedication to manage a highly customized process to meet all of our objectives,” commented Gerald Birin, Chief Executive Officer of CIS.
Scott Evans, Managing Partner at Guardian Capital Partners, added, “We are proud of our partnership with CIS and its management team, and look forward to seeing the company’s future success.”
Completion of the transaction occurred in the second quarter of 2021 for a cash purchase price of approximately $200 million.
Lincoln served as a trusted advisor to us and the management team. The team’s expertise in the high-growth data center market, along with their relationships with prospective buyers, were instrumental to a successful transaction.
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