Sumida Corporation (TSE:6817) signed a basic agreement to acquire Pontiac Coil, Inc. for $55 million on April 18, 2018. Pontiac Coil, Inc. had revenues of $46.4 million and operating income of $2.8 million for the year ended on May 31, 2017. The deal is expected to close by the end of the second quarter of financial year 2018.kerr russell acted as legal advisors for Pontiac Coil, Inc. GCA Corporation and TrueNorth Capital Partners acted as financial advisors to Sumida Corporation. Masuda Funai acted as legal advisor to Sumida Corporation. Sumida Corporation (TSE:6817) completed the acquisition of Pontiac Coil, Inc. on June 1, 2018.