GulfStar Group Announces the Acquisition of Basler Electric by Littelfuse

HOUSTON, Jan. 21, 2026 (GLOBE NEWSWIRE) -- GulfStar Group is pleased to announce that Basler Electric Company (“Basler” or the “Company”) has been acquired by Littelfuse, Inc. (NASDAQ: LFUS) for a cash consideration of approximately $350 million. GulfStar served as the exclusive financial advisor to Basler throughout the transaction, which closed on December 11, 2025. Founded in 1942, Basler is a third-generation, family-owned manufacturer of electrical control and protection solutions, based in Highland, ...