OEM Capital® initiated this transaction and acted as the exclusive financial advisor to inTEST Corporation in its acquisition of Ambrell Corporation. This is the third transaction that we have helped inTEST complete. The cash consideration is $22.0 million with further contingent consideration of up to $18 million may be payable based on performance.
Ambrell Corporation, headquartered in Scottsville, NY, is a provider of precision induction heating systems, known for its application and engineering experience.
inTEST Corporation is an independent designer, manufacturer, and marketer of thermal management products and ATE interface solutions, which are used by semiconductor manufacturers to perform final testing of integrated circuits (ICs) and wafers.
OEM Capital® ( www.oemcapital.com) is a technology investment banking firm that provides corporate financial advisory services to both public and private companies. Services offered include strategic advisory, advice on mergers and acquisitions, private placement of debt and/or equity, recapitalizations and financial restructurings, and fairness opinions. Securities offered through Hamilton Grant LLC, a member of FINRA.
OEM Capital’s success with inTEST Corporation illustrates that client objectives can be met by a well-executed approach by investment banking professionals who are knowledgeable about the industry and the intents of its participants.