Acquisition Overview - GulfStar Group announced the acquisition of Basler Electric Company by Littelfuse, Inc. for approximately $350 million in cash, with the transaction closing on December 11, 2025 [2] - GulfStar served as the exclusive financial advisor to Basler during this transaction [2] Company Profile: Basler Electric Company - Founded in 1942, Basler is a family-owned manufacturer of electrical control and protection solutions, based in Highland, Illinois, employing around 700 people [3] - Basler's products are utilized by over 1,600 global customers across various critical applications and high-growth markets, including power generation, power transmission, grid infrastructure, HVAC, data centers, and industrial equipment [3] - The company operates three manufacturing facilities located in Highland, Illinois; Taylor, Texas; and Piedras Negras, Mexico [3] Strategic Importance of the Acquisition - Ken Rhodes, president of Basler, expressed excitement about joining Littelfuse, highlighting the alignment of their customer-focused culture and commitment to technology innovation [4] - The acquisition enhances Littelfuse's presence in mission-critical, high-growth markets and provides a platform for expansion in high-power applications [4] - Basler's established brand reputation and leadership in its product categories, combined with Littelfuse's scale and global reach, create a comprehensive solution for an expanding customer base [4] GulfStar Group's Role - GulfStar's team, led by Managing Directors Brian Lobo, Colt Luedde, and Ben Stanton, provided strategic guidance throughout the acquisition process [4] - GulfStar has a strong track record in mergers and acquisitions, having completed over 760 transactions since its founding in 1990 [7]