Case Study

PECO II, Inc. has been acquired by Lineage Power Holdings, Inc.

PECO II, Inc. (NASDAQ: PIII) has been acquired by Lineage Power Holdings, Inc. (Lineage), a portfolio company of The Gores Group, for US$5.86 per share in cash. The transaction represents a 51% premium over the closing share price the day before announcement.

PECO II, headquartered in Galion, Ohio, provides engineering and on-site installation services and designs, manufactures, and markets communications power systems and power distribution equipment. As the largest independent full-service provider of telecommunications power systems, PECO II provides total power quality and reliability solutions, and supports the power infrastructure needs of communications service providers in the local exchange, long-distance, wireless, broadband and internet markets.

Headquartered in Plano, Texas, Lineage delivers reliable and intelligent power conversion solutions with energy-efficient AC-DC power supplies, DC-DC board-mounted power modules, telecom energy systems, and custom power products backed by local field expertise in more than 25 locations worldwide.

Oaklins' team in Cleveland represented the seller and also rendered a fairness opinion to the board of directors of PECO II in connection with the transaction.

Tombstone image for PECO II, Inc. has been acquired by Lineage Power Holdings, Inc.

KEY DEAL CONTACTS

Mark A. Filippell

United States

Managing Director

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