M&A · Tech · Industrial Instruments For Measurement, Display, and Control
Industrial Controls, Inc. to acquire Electro Sensors Inc
Announced Apr 20, 2026 · Closed Jul 31, 2026
Deal value$27MEV $17M
Premium75.0%To unaffected price
EV / Adj. EBITDA—1.7x EV / Revenue
ConsiderationAll cash$7.75 per share
Transaction
- Acquirer
- Industrial Controls, Inc.
- Target
- Electro Sensors Inc (ELSE)
- Buyer type
- Strategic
- Offer price per share
- $7.75
- Enterprise value
- $17M
- Status
- Closed Jul 31, 2026
Deal protections
- Break fee (target pays)
- $1.0M · 3.7%
- Reverse fee (buyer pays)
- $1.0M · 3.7%
- Go-shop
- No-shop
- Financing
- No financing condition
Advisors
- To the acquirer
- Not disclosed
- To the target
- Lake Street
Sector context · Tech
- Comparable deals
- 69 in the prior 24 months
- Premium
- 75.0% vs. 40.0% sector median
- EV / Adj. EBITDA
- Sector median 16.7x
- Break fee
- 3.7% vs. 3.0% sector median
Timeline
- AnnouncedApr 20, 2026
- Proxy filedMay 28, 2026
- Definitive proxyJun 26, 2026
- Shareholder voteJul 21, 2026
- ClosedJul 31, 2026
Valuation · fairness opinions
Trading comparables$5.35$6.82
Trading comparables$5.83$7.43
Trading comparables$5.53$7.21
Precedent transactions$3.76$6.29
Precedent transactions$3.85$6.64
Offer $7.75
Implied value per Electro Sensors Inc share by analysis, from Lake Street.