Founded in 2002, GIGAVAC quickly gained a reputation as a leading expert in sealed, high-voltage switching technologies. GIGAVAC remained founder-led and self-funded from inception and realized over a 34% CAGR from 2013 to 2017. The expanding, multi-industry electrification trend created an inflection point where GIGAVAC’s founders sought a partner to assist in the next phase of growth.
The owners of GIGAVAC engaged RA Capital to help explore strategic alternatives and advise on the best path to realize their desired outcome. During the process, GIGAVAC generated significant interest from multiple parties. Ultimately, Sensata Technologies, who GIGAVAC’s owners felt could meet their objectives, sought to accelerate the transaction timeline at very favorable terms. RA Capital facilitated a rapid diligence process with Sensata while preserving other alternatives for the owners.
The transaction increases Sensata’s electrification content and capabilities and provides GIGAVAC the necessary resources to continue its rapid growth trajectory with a partner whose culture closely aligns with GIGAVAC’s core values.
- Industry: Electrical Components Manufacturing
- Deal Type: M&A - Sell Side
- Location: Carpinteria, CA