Grakon: Methode to buy PE-backed Grakon for $420 mln
Methode Electronics Inc has agreed to acquire Grakon, a Seattle-based maker of lighting systems and components for the transportation sector, for $420 million. The seller is Industrial Growth Partners. Foros provided financial advice to Methode on the deal while Baird did likewise for Grakon.
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Grakon designs and manufactures advanced lighting systems, controls and components for OEM manufacturers in the heavy truck and bus markets.
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