t&m

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 Acculogic Inc. based in Markham, Canada. Acculogic designs, manufactures, and markets systems and instruments for testing electronic devices, circuit boards, and systems.

OEM Capital was asked by Vishay Precision Group, Inc. a publicly traded company (NYSE:VPG) headquartered in Malvern, Pennsylvania, to assist it in their acquisition program. VPG is an internationally recognized designer, manufacturer and marketer of sensors, systems and components based on its resistive foil technology, specializing in stress, force, weight, pressure, and current measurements.

Diversified Technical Systems, Inc., a privately held company headquartered in Seal Beach, California, is a manufacturer of miniature data acquisition systems, data loggers, sensors and associated software.

The transaction price is approximately $47.0 million, subject to customary post-closing adjustments. In 2020, DTS achieved sales of approximately $32 million and an EBITDA margin in excess of 25%.

OEM Capital worked closely with VPG C-level executives to identify strategic acquisitions that could benefit from its existing product portfolio, as well as the sales and distribution resources required to propel the sale of products on a more global scale. As a result of our involvement, VPG was able to realize its objectives in a timely manner.

OEM Capital (www.oemcapital.com) 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 Vishay Precision Group, Inc. illustrates that client objectives can be met by a well-executed approach to a curated acquisition program led by investment banking professionals who are knowledgeable about the industry and the intents of its participants.

OEM Capital^® has completed its 13^th acquisition for Halma plc. Sensit Technologies LLC manufactures equipment and designs technologies that enable natural gas utilities to detect leaks, protecting workers in the natural gas distribution industry, ensuring compliance with regulatory standards, and reducing climate change effects by minimizing emissions of methane. 

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.

Rohrback Cosasco Systems (RCS).

OEM Capital assisted Halma plc in its acquisition of Rohrback Cosasco Systems, Inc. This is the ninth acquisition that we have helped Halma complete, and is Halmaís largest acquisition to date.

As a result of our involvement, Halma was able to avoid an auction process and pursued a privately negotiated transaction. Our involvement also allows Halma to conclude transactions where there is strong synergy with its existing operations and where acquisitions are expected to be accretive to earnings.

RCS, located in Sante Fe Springs, California, designs and manufactures corrosion monitoring and management systems for the Oil, Gas, Petrochemical, Pharmaceutical, Chemical and Utilities industries.

Halma plc, through its subsidiaries, engages in the development, production, and marketing of hazard detection and life protection products. It operates in four segments: Process Safety, Infrastructure Safety, Medical and Environmental & Analysis. The Company is headquartered in the United Kingdom.

OEM Capital is a specialty investment banking firm offering corporate finance advisory services to both public and private electronics, communications, software, and information technology companies. Services offered include strategic advisory, mergers and acquisitions advisory, private placements of debt and equity, PIPEs, recapitalizations and restructurings, and financial opinions.

OEM Capital’s professionals have extensive experience in the industries they cover, and as a founding member of the Alliance of International Corporate Advisors (AICA), OEM Capital can provide our clients with access to transactions on a global scale, in every major technology market in the world.

Thermonics Corporation

OEM Capital assisted inTEST Corporation and its wholly owned subsidiary, Temptronic Corporation in its acquisition of the business of Thermonics. This is the third acquisition that OEM Capital has advised Temptronic on. Previously, we assisted in its acquisition by inTEST Corporation and, prior to this, in the recapitalization of the Company to realize partial shareholder liquidity.

inTEST Corporation is an independent designer, manufacturer and marketer of temperature management products and ATE interface solutions, which are used by semiconductor manufacturers to perform final testing of integrated circuits (ICs) and wafers. The Company’s high-performance products are designed to enable semiconductor manufacturers to improve the speed, reliability, efficiency and profitability of IC test processes. inTEST’s Thermal Solutions Group provides customized temperature test solutions and offers the industry’s largest breadth of thermal solutions available. The group combines the strengths of Temptronic Corporation, the worldwide leader in temperature forcing systems for the semiconductor and broader electronic test market, and Sigma Systems Corporation, a provider of custom chambers and thermal platforms.

Established in 1976, Sunnyvale, California-based Thermonics is well established in the development of precision temperature testing systems and is a supplier of fast, accurate and reliable temperature-testing equipment. Thermonics’ products provide a range of precision temperature forcing systems used throughout a number of industries, including semiconductors, to verify the performance of products at a range of temperatures. Their systems are in use worldwide, providing high productivity and test accuracy as well as maintenance savings for their customers.

OEM Capital is a specialty investment banking firm offering corporate finance advisory services to both public and private electronics, communications, software, and information technology companies. Services offered include strategic advisory, mergers and acquisitions advisory, private placements of debt and equity, PIPEs, recapitalizations and restructurings, and financial opinions.

OEM Capital ‘s professionals have extensive experience in the industries they cover. As a founding member of the Alliance of International Corporate Advisors (AICA), OEM Capital provides its clients with access to transactions on a global scale, in every major technology market in the world.