RA Capital represented GIGAVAC, LLC as its exclusive financial advisor in the October 2018 sale to Sensata Technologies, Inc. (NYSE: ST).
Successful, Founder-led Business: 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.
Deal Execution: 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.
Mutually Beneficial Result: 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.
About GIGAVAC, LLC
GIGAVAC is a leading innovator in the design and manufacture of products and components that control the flow of electricity. Founded in 2002 by a team of industry experts in sealed, high-voltage switching solutions, GIGAVAC excels at providing products that enable complex, mission-critical electrical systems. GIGAVAC’s products have been designed into a number of high performance electric vehicles and are used by OEMs in material handling, aerospace and defense, transportation, and power generation and storage industries.
About Sensata Technology, Inc. (NYSE: ST)
Sensata Technologies is one of the world’s leading suppliers of sensing, electrical protection, control, and power management solutions. Sensata’s products improve safety, efficiency and comfort for millions of people every day in automotive, appliance, aircraft, industrial, military, heavy vehicle, heating, air-conditioning and ventilation, data, telecommunications, recreational vehicle, and marine applications.