OEM Capital was asked by the Company to assist it in their financing program. Our client, a privately held company headquartered in the Western US, is a manufacturer of microwave heated, proprietary recycling systems. The transaction involved an equity investment of approximately $20 million to fund the Company’s Series B Round from a number of individual and institutional investors in the US and Europe.
EVG, Inc., a closely held company based on Long Island, New York, is a specialty distributor of electronic and audio components for the communications and radio and television industries. Its two shareholder founders had, a few years earlier, repurchased the business from a NYSE listed company when EVG no longer met the parent’s strategic interests and they now wished to retire.
Russell Industries, Inc., a closely held company based on Long Island, New York, is a distributor of electronic components that are sold to a similar group of customers.
OEM Capital was engaged to assist EVG, Inc. in finding a buyer for the company. In order to realize maximum value for the selling shareholders, we structured the transaction in a way that gave the buyer the benefits of added sales volume without the obligation of costs that might arise from a facility shutdown. We also carefully restricted sensitive information on our client’s customers and invoicing details so as not to jeopardize EVG’s business should the transaction fail to materialize.
OEM Capital’s success with EVG illustrates that, whether a business is healthy or distressed, superior valuations can be realized for the selling shareholders by a well executed approach to a sale or divestiture by merger and acquisition professionals who are knowledgeable about the industry and the intentions of its participants.
Crystek Crystals Corporation, a wholly owned subsidiary of Whitehall Corporation, located in Fort Myers, Florida is a manufacturer and value-added reseller of high frequency quartz crystals and oscillators which are sold directly to original equipment manufacturers of communications and computer equipment and distributors of electronic components. Whitehall Corporation is a NYSE listed company whose primary business is in aerospace maintenance, repair and refurbishment services and, through a joint venture, also manufactures and installs jet engine noise reduction products.
Crystek Acquisition Corporation, a privately-held company located in Pittsburgh, Pennsylvania, was organized by Allegheny Financial Group, Ltd. for the specific purpose of acquiring Crystek. Allegheny is also a significant investor in Crystek Acquisition Corporation
OEM Capital was asked to assist Whitehall in finding a purchaser for Crystek. Whitehall wished to concentrate its management attention and corporate resources on growing its core aerospace business. In addition, Whitehall Corporation believed that if it was viewed by investors as having a single strategic focus, the market price of its common shares could increase.
OEM Capital developed a marketing program which exploited our industry contacts as well as our contacts with individuals and buyout firms whose interests were known to us. Our presentation of the company’s value to both strategic and financially oriented acquirers secured multiple bidders.
Our success with Crystek illustrates that, whether a business is healthy, under performing or distressed, superior valuations can be realized for the selling shareholders by a well-executed approach to a sale or divestiture by merger and acquisition professionals who are knowledgeable about the industry and the intentions of its participants.
OEM Capital was asked by inTEST Corporation., a publicly traded company (NYSE:INTT) headquartered in Mt. Laurel, New Jersey to help in its acquisition program. inTEST is a global supplier of innovative test and process solutions for use in manufacturing and testing across a wide range of markets including automotive, defense/aerospace, industrial, medical, semiconductor and telecommunications.
As a result of OEM Capital’s involvement, inTEST was able to acquire the business of Z-Sciences Corp. based in Montreal, Canada. Z-Sciences is a manufacturer and distributor of low-temperature medical chillers.
OEM Capital is a 35-year old technology investment banking firm that provides investment banking services to both public and private companies. Its staff members are all FINRA registered. Services offered include strategic advisory, assistance with mergers and acquisitions, institutional private placement of debt and/or equity, recapitalizations, financial restructurings, and fairness opinions.
OEM Capital’s success with Z-Sciences Corp. illustrates that client objectives can be met by a well-executed approach to a sales program led by investment banking professionals who are knowledgeable about the industry and the intents of its participants.
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.
Piezoelectric Products West
Piezo West, based in Fullerton, California, a division of Gulton Industries, Inc., a NYSE listed company, is a developer and manufacturer of piezoelectric ceramics for the transfer of electrical energy into mechanical motion and vice versa. Its systems are primarily used by the US government for defense oriented applications ranging from warhead fuzing and active and passive sonar systems.
EDO Corporation, a NYSE listed company based in New York , New York , provides military products and professional services to the US and allied governments, and their prime defense contractors.
OEM Capital was engaged to assist Gulton Industries, Inc. in finding a buyer for its Piezo West business. The business no longer fit with the parent’s strategic objective to move away from a process oriented business. With our advice, the division brought its expenses in line with revenues and we initiated a competitive sale process.
OEM Capital’s presentation of the company’s value and our knowledge of the industry secured several interested parties. When we were approached by a direct competitor, we devised a due diligence program which did not disclose proprietary information prior to closing. Gulton Industries, Inc. received a premium price for its business and was relieved of its long term contract liabilities.
Our success with Gulton Industries, Inc. illustrates that, whether a business is healthy or distressed, superior valuations can be realized for the selling shareholders by a well executed approach to a sale or divestiture by merger and acquisition professionals who are knowledgeable about the industry and the intentions of its participants.
Piezoelectric Products East
Piezo East, based in Metuchen , New Jersey , a division of Gulton Industries, Inc., a NYSE listed company, is a developer and manufacturer of piezoelectric ceramics and thermistors. Its systems are primarily used in sensing and alarm applications that include medical and automotive sensors and home intrusion detection and smoke alarms.
Piezo Electric Products, Inc., a publicly traded company based in Cambridge , Massachusetts , provides solutions for electronics heat transfer and a wide range of applications requiring solid state sensor/actuator devices.
OEM Capital was engaged to assist Gulton Industries, Inc. in finding a buyer for its Piezo East business. The business no longer fit with the parent’s strategic objective to move away from an electronics component oriented business. With our advice, the division brought its expenses in line with revenues and we initiated a competitive sale process.
OEM Capital’s presentation of the company’s value and our knowledge of the industry secured several interested parties. When we were approached by a customer that had recently gone public and wished to secure a manufacturing facility, we devised a due diligence program which did not disclose proprietary information prior to closing. Gulton Industries, Inc. received a premium price for its business and was relieved of all labor contract liabilities to its unionized employees.
Our success with Gulton Industries, Inc. illustrates that, whether a business is healthy or distressed, superior valuations can be realized for the selling shareholders by a well executed approach to a sale or divestiture by merger and acquisition professionals who are knowledgeable about the industry and the intentions of its participants.
Rathbone
Rathbone Precision Metals, Inc., a privately held company located in Palmer, Massachusetts is a custom manufacturer of precision metal parts used in a variety of industrial applications including computer hard disk drives and power generating turbines. Its products are sold largely to original equipment manufacturers throughout the US .
Carpenter Technology Corporation, a NYSE listed company is a leading manufacturer of stainless steel, titanium and other specialty metals, and various engineered products with sales of approximately US$865 million.
OEM Capital was asked to assist Rathbone Precision Metals, Inc in finding a purchaser for its business. Its controlling shareholder had reached retirement age and wished to substantially reduce his time spent in managing the business, liquidate his holdings and provide for his estate.
OEM Capital developed a marketing program which exploited our industry contacts as well as our contacts with individuals and buyout firms whose interests were known to us. Our presentation of the company’s value to both strategic and financially oriented acquirers secured multiple bidders. The sale took place approximately six months from the onset of our engagement.
Our success with Rathbone Precision Metals, Inc illustrates that , whether a business is healthy, under performing or distressed, superior valuations can be realized for the selling shareholders by a well-executed approach to a sale or divestiture by merger and acquisition professionals who are knowledgeable about the industry and the intentions of its participants.
UltraVolt, Inc.
UltraVolt, Inc. located in Ronkonkoma New York was founded in 1990 to take advantage of over 35 years of experience in high-voltage power supply design and manufacturing. UltraVolt manufactures and distributes a standard line of high-voltage power supplies used in many complex products, including medical equipment, laboratory diagnostic equipment, aerospace and industrial equipment and semiconductor fabrication and test equipment.
Riverside is one of the leading private equity firms investing in premier companies at the smaller end of the middle market, focusing on industry-leading companies valued at $10 million to $150 million. Riverside has offices in New York, Cleveland, Dallas, San Francisco, Atlanta, Chicago and Los Angeles.
OEM Capital is a merger and acquisition advisory firm with its primary focus on electronics, communications, software and information technology companies. Its professionals have extensive experience in the industries that they cover. As a member firm in the International Network of M&A Partners, (IMAP), OEM Capital is able to expose its clients to potential acquirers in every major technology market in the world. IMAP is the oldest and largest network of independent M&A advisory firms with over 60 members located throughout the world. A key factor in maximizing the price to the seller was the active participation of IMAP member firms around the world, many of whom actively participated in identifying and contacting strategic and financial buyers from as far away as Japan, Finland and Germany.
OEM Capital’s success with sell-side clients illustrates that superior valuations can be realized for the selling shareholders by a well executed approach to a sale or divestiture by merger and acquisition professionals who are knowledgeable about the industry and the intentions of its participants.