02/03/2021
Citizens Advises Flip Electronics on its Recapitalization by O2 Investment Partners
PROVIDENCE, RI – Citizens M&A Advisory announced today that it served as the exclusive financial advisor to Flip Electronics, LLC on its recapitalization by O2 Investment Partners, a Bloomfield Hills, Mich.-based lower middle market private equity firm.
Flip Electronics is a Roswell, Ga.-based specialty distributor of end-of-life (“EOL”), obsolete and hard-to-find electronic components used in military, aerospace, telecommunications, healthcare and industrial applications. Flip’s purpose-built model, leveraging authorized partnerships with the world’s top semiconductor manufacturers, solves complex supply chain challenges created by component obsolescence.
Jason Murphy, founder and CEO of Flip Electronics, said: “The Citizens team was fantastic to work with and delivered a tremendous outcome by having a deep understanding of our market and an energetic appreciation of our business. Citizens distilled our complex business model and supply chain for easy consumption by the private equity community. They were instrumental in helping us articulate our compelling value proposition to investors. Finally, Citizens drove a fast-paced process and worked tirelessly to find the optimal partner that aligns with Flip’s culture and supports our aggressive growth trajectory.”
Ryan Sugrue, director at Citizens M&A Advisory, said: “Jason and the Flip team have built an impressive platform over the past five years, leveraging their differentiated business model to attack the underserved EOL niche of electronic component distribution. The company’s impressive track record of growth gives credence to its dual value proposition, serving as a crucial, value-added intermediary between its authorized suppliers and global portfolio of customers. We are excited to watch Flip’s continued growth in its next stage and partnership with O2 Investment Partners.”
Citizens M&A Advisory specializes in middle-market mergers and acquisitions as well as later-stage financing transactions. Citizens combines sector intelligence with a client-focused approach to realize our clients’ true value. The Citizens team has closed more than 150 transactions in the last five years and has more than 80 M&A professionals specializing in a range of industries across the United States. Citizens M&A Advisory is part of Citizens Capital Markets, Inc., a subsidiary of Citizens Financial Group (NYSE: CFG).
About Citizens Financial Group, Inc.
Citizens Financial Group, Inc. is one of the nation’s oldest and largest financial institutions, with $183.3 billion in assets as of December 31, 2020. Headquartered in Providence, Rhode Island, Citizens offers a broad range of retail and commercial banking products and services to individuals, small businesses, middle-market companies, large corporations and institutions. Citizens helps its customers reach their potential by listening to them and by understanding their needs in order to offer tailored advice, ideas and solutions. In Consumer Banking, Citizens provides an integrated experience that includes mobile and online banking, a 24/7 customer contact center and the convenience of approximately 2,700 ATMs and approximately 1,000 branches in 11 states in the New England, Mid-Atlantic and Midwest regions. Consumer Banking products and services include a full range of banking, lending, savings, wealth management and small business offerings. In Commercial Banking, Citizens offers a broad complement of financial products and solutions, including lending and leasing, deposit and treasury management services, foreign exchange, interest rate and commodity risk management solutions, as well as loan syndication, corporate finance, merger and acquisition, and debt and equity capital markets capabilities. More information is available at www.citizensbank.com or visit us on Twitter, LinkedIn or Facebook.
The testimonials presented are applicable to the individuals depicted and may not be representative of the experience of others. The testimonials are not paid and are not indicative of future performance or success.
