Transaction Description
Duff & Phelps is pleased to announce the sale of Sager Electrical Supply Company, Inc. (“Sager Electronics”) to TTI, Inc., a subsidiary of Berkshire Hathaway Inc. The transaction closed on April 2, 2012. Duff & Phelps was engaged as the exclusive financial advisor to the shareholders of Sager Electronics to provide merger and acquisition advisory services in connection with a sale transaction.
About Sager Electronics
Sager Electronics, headquartered in Middleborough, Massachusetts, is a specialty distributor of electronic components serving a broad network of North American customers. With a deep commitment to innovation and service, Sager Electronics has become a leading distributor of interconnect, passive, and electromechanical components to Industrial, Medical, Transportation, Instrumentation, and Contract Manufacturing industries. Sager Electronics operates out of a state-of-the-art distribution center and four logistics locations strategically positioned across the United States, employing more than 275 professionals.
About TTI, Inc.
TTI, Inc. (“TTI”), a Berkshire Hathaway company, is a specialty distributor of passive, interconnect and discrete components. TTI is the distributor of choice for industrial and consumer electronics manufacturers worldwide. TTI's extensive product line includes resistors, capacitors, connectors, trimmers, circuit protection, filters, electromechanical and discrete semiconductor devices. TTI, along with its subsidiary Mouser Electronics, employs more than 3,500 with over 100 locations throughout North America, Europe and Asia.
About Berkshire Hathaway Inc.
Berkshire Hathaway Inc. (“Berkshire”) is a holding company owning subsidiaries engaged in a number of diverse business activities. The largest of these are primary insurance and reinsurance businesses. Berkshire also owns and operates a multitude of other businesses engaged in a variety of activities, which are managed on a largely decentralized basis. Headquartered in Omaha, Nebraska, Berkshire and its consolidated subsidiaries employ approximately 271,000 persons worldwide, of which 24 are located at the corporate headquarter.
