Northern Edge Receives Prestigious Award from Mergers & Acquisitions for Advising on 2025 Middle-Market Deal of the Year
The editors of Mergers & Acquisitions, the official publication of the Association for Corporate Growth (ACG), have chosen the sale of U.S.-based Amran, LLC (“Amran”) and India-based Narayan Powertech Pvt. Ltd. (“Narayan”) to publicly-traded Standex International Corporation (“Standex”) as the 2025 Middle-Market Deal of the Year in Manufacturing. Northern Edge Capital Advisors LLC (“Northern Edge”) served as the exclusive financial advisor to Amran and Narayan.
Founded in 2006, Amran and Narayan operate as one company, and together are a leader in the design, engineering and manufacturing of voltage instrument transformers for the power sector, supplying products to over 60 countries and serving major multinational customers.
The transaction was recognized for its complexity, the favorable outcome achieved by the owners of Amran and Narayan, and the strategic value to Standex. Structured as the simultaneous sale of two distinct companies in two separate countries with different breakdowns of cash and stock consideration, the challenges included navigating differing regulatory and legal frameworks, managing, compliance and shareholder issues, and coordinating logistics across multiple time zones.
For the Amran and Narayan shareholders, the transaction delivered a substantial appreciation in equity value and also provided attractive opportunities for the founders, management and employees to continue in their roles within Standex’s transformer business post-closing and participate in future growth.
The acquisitions of Amran and Narayan represent the largest transaction in Standex’s history, with a combined enterprise value of approximately $462 million. The deal strengthens Standex’s global footprint and supply chain in India and opens cross-selling opportunities across customers and geographic markets, positioning Standex as a leader in the custom manufacturing of power management components in high-growth, high-margin markets.
“This multifaceted transaction required extensive cross-border expertise and innovative financial structuring – capabilities our team applied with precision. We are proud to have delivered an excellent financial result for our client and have contributed to the transformation of the industry. This award is a meaningful recognition of the dedication, creativity, and client focus that define every engagement at Northern Edge,” said Bob Goldsmith, President and Founder of Northern Edge.
For more information and the official announcement, follow this link to Mid-Market Deals of the Year for 2025.