Electrada

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Electrada

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As a maker of hydraulic and mechanical parts used for control in aerospace and industrial applications, Sargent Industries became steadily profitable. Its stock was listed on the [[American Stock Exchange]] and the [[Pacific Stock Exchange]].{{cite news | url=https://www.newspapers.com/image/580629210/?terms=%22Sargent%20Industries%22%20stock&match=1 | title=Scanning the Field – Ad Notes | newspaper=Valley Times | location=Los Angeles | date=April 7, 1969 | page=16 | via=[[Newspapers.com]]}} By 1969, it had revenues of $30 million.
As a maker of hydraulic and mechanical parts used for control in aerospace and industrial applications, Sargent Industries became steadily profitable. Its stock was listed on the [[American Stock Exchange]] and the [[Pacific Stock Exchange]].{{cite news | url=https://www.newspapers.com/image/580629210/?terms=%22Sargent%20Industries%22%20stock&match=1 | title=Scanning the Field – Ad Notes | newspaper=Valley Times | location=Los Angeles | date=April 7, 1969 | page=16 | via=[[Newspapers.com]]}} By 1969, it had revenues of $30 million.
It then engaged in a
It then engaged in a
series of acquisitions in 1969, including in October agreeing to buy the much bigger Gar Wood Industries, which moved the firm into the industrial sector more than the aerospace one. The Gar Wood deal was revised and finally agreed to in March 1970.{{cite news | url=https://www.nytimes.com/1970/03/20/archives/ual-sets-accord-for-hotel-chain-holding-company-in-pact-for-western.html | title=UAL Sets Accord for Hotel Chain | newspaper=The New York Times | date=March 20, 1970 | page=69}}
series of acquisitions in 1969, including in October agreeing to buy the much bigger [[Garfield Wood|Gar Wood]] Industries, which moved the firm into the industrial sector more than the aerospace one. The Gar Wood deal was revised and finally agreed to in March 1970.{{cite news | url=https://www.nytimes.com/1970/03/20/archives/ual-sets-accord-for-hotel-chain-holding-company-in-pact-for-western.html | title=UAL Sets Accord for Hotel Chain | newspaper=The New York Times | date=March 20, 1970 | page=69}}


Later in the decade, Sargent Industries became one of the earliest [[leveraged buyout]] acquisitions by [[Kohlberg Kravis Roberts]], being part of their initial KKR Fund 1976.{{cite book | title=The New Financial Capitalists: Kohlberg Kravis Roberts and the Creation of Corporate Value | first1=George P. | last1=Baker | first2=George David | last2=Smith | publisher=Cambridge University Press | location=Cambridge | year=1998 | pages=60–61, 207}} The transaction was valued at $39 million. The full deal was tangled as in 1978, Sargent Industries was actually acquired by ORICO.{{cite news | url=https://www.newspapers.com/image/57676261/?terms=orico%2B%22sargent%2Bindustries%22 | title=ORICO buys Sargent | newspaper=The San Bernardino County Sun | date=July 20, 1978 | page=16 | via=[[Newspapers.com]]}}
Later in the decade, Sargent Industries became one of the earliest [[leveraged buyout]] acquisitions by [[Kohlberg Kravis Roberts]], being part of their initial KKR Fund 1976.{{cite book | title=The New Financial Capitalists: Kohlberg Kravis Roberts and the Creation of Corporate Value | first1=George P. | last1=Baker | first2=George David | last2=Smith | publisher=Cambridge University Press | location=Cambridge | year=1998 | pages=60–61, 207}} The transaction was valued at $39 million. The full deal was tangled as in 1978, Sargent Industries was actually acquired by ORICO.{{cite news | url=https://www.newspapers.com/image/57676261/?terms=orico%2B%22sargent%2Bindustries%22 | title=ORICO buys Sargent | newspaper=The San Bernardino County Sun | date=July 20, 1978 | page=16 | via=[[Newspapers.com]]}}
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