Harger Acquired by TE Connectivity
Deal News | Nov 15, 2024 | William Blair Capital Partners
Harger, a leading developer and manufacturer of specialized electrical components based in Grayslake, Illinois, has been acquired by TE Connectivity. Harger, known for its deep culture in design and customer services, produces innovative products that ensure safety and reliability in power infrastructure. TE Connectivity, a global authority in industrial technology, focuses on facilitating advancements in numerous sectors through expansive connectivity and sensor solutions. This acquisition aligns with TE Connectivity's strategy to enhance its offerings in creating safer and more connected environments worldwide.
Sectors
- Electrical Components Manufacturing
- Industrial Technology
Geography
- United States – Harger is based in the United States, specifically in Grayslake, IL and Fairmont, NC.
- Global – TE Connectivity operates globally with a presence in approximately 130 countries.
Industry
- Electrical Components Manufacturing – Harger is a developer and manufacturer of electrical components, making this industry relevant.
- Industrial Technology – TE Connectivity is engaged in industrial technology, focusing on connectivity and sensor solutions.
Financials
Participants
| Name | Role | Type | Description |
|---|---|---|---|
| Harger | Target Company | Company | Faith-based, family-owned business manufacturing electrical components in the U.S. |
| TE Connectivity | Bidding Company | Company | Global leader in industrial technology and connectivity solutions. |
| William Blair Capital Partners | Private Equity Firm | Company | The PE firm involved in the transaction. |