Promark Electronics has been sold to Electrical Components International, a portfolio company of Cerberus Capital
Promark Electronics is a manufacturer of wire harnesses and cable and electromechanical assemblies utilized by commercial electric vehicles and other technically complex, mission-critical products.
With the growing demand for commercial electric vehicles, Promark Electronics has developed high-voltage cable and assemblies as part of its ProEV™ platform, which has made it a trusted partner to leading commercial electric vehicle manufacturers.
Promark Electronics was founded in 1987 by Syd Knecht and is headquartered in Montreal, Quebec, Canada. The Knecht family, Jarred, Brandon and Robert, will continue to lead the Promark Electronics team. For more information, please visit www.pmk.com.
Lincoln acted as the exclusive financial advisor to Promark Electronics, working closely with the management team and shareholders throughout the sale process. This included providing mergers and acquisitions and industry expertise as well as closely managing all aspects of the process, including the preparatory, marketing, negotiation and due diligence phases of the transaction. Terms of the transaction were not publicly disclosed.
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