Qnnect LLC has acquired Hermetic Solutions Group Inc., expanding its portfolio of mission-critical electronics solutions. The acquisition closed in November 2022.

Deal-at-a-Glance
Acquirer:Qnnect LLC (US)
Target:Hermetic Solutions Group Inc. (US)
Deal value:Undisclosed
Type:Acquisition
Closed date:November 2022
Buy-side advisors:William Blair & Company, BlackArch Partners, Banneker Partners
Sell-side advisors:Not disclosed
Legal buy-side:Not disclosed
Legal sell-side:Not disclosed

The rationale behind the deal is to broaden Qnnect's offerings in mission-critical electronics, a space where Hermetic Solutions Group specializes.

Financial Context

The financial details of the transaction were not disclosed. Both companies operate within the technology sector.