TrueNorth Capital Partners acted as the financial advisor to SUMIDA in its acquisition of 100% of the shares of Pontiac Coil.
Headquartered in Detroit, Pontiac develops, manufactures and sells various kinds of coils for the automotive industry, with a central focus on the U.S. market.
SUMIDA designs and manufactures coil-related components and modules. Specializing in custom design solutions, its products are used in consumer electronic devices, home appliances, automotive electronics, green energy solutions, industrial electronics and medical healthcare devices and equipment.
SUMIDA expects significant synergies with its global operations by combining Pontiac’s technical strength, manufacturing capabilities and sales force with those of SUMIDA’s.
TrueNorth Managing Directors Jeff Gaynor and Fred Rossetti acted as lead bankers on the transaction.
“It is with great excitement that we have helped SUMIDA expand its manufacturing footprint into the US market. This addition to the SUMIDA Group will provide them with better access into the US automotive market place,” Rossetti said.
