Chamberlain Hrdlicka Represents Amran Instrument Transformers and Narayan Powertech in $462 Million Sale of Businesses to Standex International Corporation

Rhea-AI Summary

Standex International (NYSE: SXI) has acquired Amran Instrument Transformers and Narayan Powertech in a landmark $462 million deal, marking Standex's largest acquisition to date. The Amran/Narayan Group, with manufacturing presence in the US and India, is a leading manufacturer of low-voltage and medium-voltage instrument transformers serving over 60 countries. Their products are important for electrical grid applications, smart grid technology, data centers, and renewable energy systems. The acquisition will enhance Standex Electronics' portfolio, with Amran/Narayan's founders and leadership team continuing their involvement to support integration and growth initiatives.

Positive

• Significant acquisition value of $462 million
• Strong market presence with operations in US and India
• Established customer base across 60+ countries
• Strategic expansion into electrical grid and renewable energy markets
• Retention of founding leadership team ensuring operational continuity

Negative

• None.

Insights

Financial Analyst

The $462 million acquisition of Amran/Narayan Group by Standex International marks a significant strategic expansion in the electrical infrastructure sector. This deal, being Standex's largest acquisition to date, brings valuable manufacturing capabilities in both the US and India, along with an established presence in over 60 countries. The acquisition strategically positions Standex in high-growth markets including data centers, renewable energy and smart grid technology.

The transaction's value represents approximately 21.6% of Standex's market capitalization, indicating a substantial investment that should meaningfully impact the company's growth trajectory. The retention of Amran/Narayan's leadership team suggests a well-planned integration strategy that could minimize operational disruptions and maintain existing customer relationships. The deal's focus on electrical infrastructure, particularly in renewable energy and data centers, aligns with major secular growth trends, potentially providing significant revenue synergies.

HOUSTON--(BUSINESS WIRE)-- Chamberlain Hrdlicka’s M&A team, led by David Sheinbein, represented privately-held US-based Amran Instrument Transformers and India-based Narayan Powertech Pvt. Ltd ("Amran/Narayan Group") in two simultaneous sale transactions to Standex International Corporation (NYSE: SXI).

With manufacturing locations in the United States and India and customers in more than 60 countries, Amran/Narayan Group is a leading manufacturer and distributor of low-voltage and medium-voltage instrument transformers and other products focused on the electrical grid, smart grid technology, data centers, and renewable energy systems. The company’s products are used in many electrical grid applications, supporting manufacturing, refining and other industries.

The acquisitions are the largest in Standex’s history, with a combined enterprise value of approximately $462 million, and will complement and diversify Standex Electronics’ existing portfolio. Amran/Narayan Group's founders and leadership team will remain involved in the combined company and support integration efforts, innovation, and future growth.

“Working with Chamberlain Hrdlicka on these complex transactions has been invaluable,” said Bhargav Shah, Founder and President of Amran Instrument Transformers. “David and his M&A team worked tirelessly, providing indispensable support and strategic guidance at every stage to help us complete the transactions while working to best protect our interests. We could not have asked for a more committed and knowledgeable partner in reaching this major milestone for our companies."

“We were thrilled to have assisted the Amran/Narayan Group in negotiating and closing these transactions,” said Sheinbein, shareholder in Chamberlain Hrdlicka’s Corporate, Securities & Finance practice. “This project was a complete team effort and further demonstrates the skill and expertise of our M&A, tax, Intellectual Property, employee benefits and labor & employment groups. We were able to address unique sale-side challenges presented by a simultaneous disposition of two assets in different parts of the world and achieve an outcome that aligns with our clients’ strategic goals.”

Chamberlain Hrdlicka’s attorneys Amy Moss, Greg Henson, Jack Li and William Cowan assisted with the transaction.

About Chamberlain Hrdlicka

Chamberlain Hrdlicka is a diversified business firm with offices in Atlanta, Houston, Philadelphia and San Antonio. The firm represents both public and private companies, as well as individuals and family-owned businesses across the nation. The firm offers counsel in mergers and acquisitions, appellate law, bankruptcy, commercial and probate litigation, construction law, corporate, employee benefits, energy and maritime law, ERISA, estate planning and administration, intellectual property, international and immigration law, labor and employment, privacy and data security, real estate, securities and finance, tax controversy and tax planning.

View source version on businesswire.com: https://www.businesswire.com/news/home/20241029456348/en/

Ania Czarnecka, Ward for Chamberlain Hrdlicka

aczarnecka@wardcc.com

713-351-9165

Source: Chamberlain Hrdlicka

FAQ

What is the value of Standex International's (SXI) acquisition of Amran/Narayan Group?

Standex International (NYSE: SXI) acquired Amran/Narayan Group for approximately $462 million, representing the largest acquisition in Standex's history.

What products does the Amran/Narayan Group manufacture for Standex (SXI)?

Amran/Narayan Group manufactures low-voltage and medium-voltage instrument transformers and other products focused on electrical grid, smart grid technology, data centers, and renewable energy systems.

How many countries does Amran/Narayan serve as part of Standex (SXI)?

The Amran/Narayan Group serves customers in more than 60 countries worldwide.

Will the Amran/Narayan management team stay after the Standex (SXI) acquisition?

Yes, Amran/Narayan Group's founders and leadership team will remain involved in the combined company to support integration efforts, innovation, and future growth.