Carling Technologies acquired by Littelfuse (NASDAQ: LFUS)

carter morse and goodrich sign outside

November 30, 2021

Southport, CT

Carter Morse & Goodrich ("CMG") is pleased to announce that it served as the exclusive financial advisor to Carling Technologies, Inc. (“Carling” or the “Company”) in its sale to Littelfuse, Inc. (“Littelfuse”) for $315 million.

Having just celebrated its 100th anniversary, Carling is a fourth-generation family-owned provider of high-quality switching and circuit protection technologies to both OEM and distributor clients with expertise in commercial vehicle, marine and datacom/telecom infrastructure markets. With major operations in the U.S., Mexico, China and the United Kingdom and offices in Germany, France and India, Carling generates approximately $170 million in annualized revenue and has more than 2,800 employees.  

Littelfuse (NASDAQ:LFUS) is an industrial technology manufacturing company that focuses on the design and manufacturing of circuit protection products for the electronics, automotive and electrical industries. Across more than 15 countries, and with 12,000 global associates, they partner with customers to design and deliver innovative, reliable solutions. Serving over 100,000 end customers, their products are found in a variety of industrial, transportation and electronics end markets.

"The combination of Carling and Littelfuse, both with a rich heritage, will leverage our collective resources and portfolios to create increased value for our customers," said Richard Sorenson, Sr., Carling Technologies President and Chief Executive Officer." Joining a world-class organization like Littelfuse will accelerate our business plans and provide expanded opportunities for our employees around the world."

“Carter Morse & Goodrich guided our family through every aspect of the deal from start to finish. They undertook a rigorous and comprehensive process to not only find an acquirer that would recognize the value of Carling’s brand and organization, but that would also strive to continue and build on the legacy that our family has worked so hard to create.” Christopher Sorenson, Chief Operating Officer, continued, “CMG provided us with numerous attractive options from which to choose and now we are excited to partner with Littelfuse, whom we are confident will provide the best home for our employees, our customers and our business partners.”

Ramsey Goodrich, Managing Partner of CMG, shared “We have enjoyed a long relationship with the Sorenson family and the Carling management team.  It is incredibly rewarding to represent them in this once-in-a-lifetime opportunity and ensure the continuing family legacy and management continuity.”  

Carmody Torrance Sandak & Hennessy, LLP served as Carling’s primary legal advisor and EisnerAmper provided quality of earnings support for the transaction. The transaction was managed by CMG’s FINRA registered broker dealer affiliate, Carter Capital Corporation.

About Carter Morse & Goodrich:

Located in Southport, Connecticut, Carter Morse & Goodrich is a boutique M&A advisory firm that specializes in representing middle-market founder-led and family-held businesses. CMG specializes in helping owners of leading companies in niche markets to plan, prepare, execute, and close successful transactions that maximize shareholder value. We fully understand and appreciate the unique dynamics of closely-held businesses and the importance of legacies. While CMG provides a full range of investment banking services, our primary focus is representing sellers who are pursuing their once-in-a-lifetime M&A transactions. For more than 34 years, the combination of our hands-on approach, senior banker attention, strategic guidance, seamless transaction execution and extensive network of domestic and international resources has enabled us to become a trusted advisor to hundreds of business owners.

For more information, visit us at

More news >
Thank you! Your submission has been received!
Oops! Something went wrong while submitting the form.

Join Our Mailing List

For more than three decades, Carter Morse & Goodrich has excelled at maximizing shareholder value for our clients and leading transactions through to successful completion.

Please enter your information below to receive email updates
from Carter Morse & Goodrich.