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Orchid Monroe Acquires Electric Components Maker Carter Motor
Friday 22 May 2020

Wisconsin, US-based Orchid Monroe, LLC, a component manufacturer of electric motors, generators and transformers, has agreed to acquire 100% of Illinois-based electric motors designer and manufacturer Carter Motor Company expanding engineering and manufacturing capabilities to include full winding and assembly services, the company said.

Terms of the transaction were not disclosed. The acquisition is expected to be completed on or about June 30, 2020.

BlueWater Partners acted as the financial advisor and Miller and Martin acted as the legal counsel to Orchid for this transaction.

Orchid Monroe, LLC operates from a 230,000-square-foot facility situated on 32 acres of land. Orchid's manufacturing process begins with master coils of steel and includes steel slitting, high speed lamination stamping, annealing, aluminium die casting, robotic welding, and final core assembly.

Carter Motor company manufactures electric motors, gear motors, rotary converters and tachometers, including DC permanent magnet motors, AC/DC universal motors, DC shunt motors, gearmotors, converters and tachometers for a range of applications and markets.

BlueWater Partners, LLC is a middle market investment banking and consulting firm.
Date Published: 22/05/2020