M&A Deal Summary

Ichor Acquires Talon Innovations

On November 9, 2017, Ichor acquired manufacturer Talon Innovations from Graycliff Partners for 130M USD

Acquisition Highlights
  • This is Ichor’s 2nd transaction in the Manufacturing sector.
  • This is Ichor’s 2nd largest (disclosed) transaction.
  • This is Ichor’s 3rd transaction in the United States.
  • This is Ichor’s 1st transaction in Minnesota.

M&A Deal Summary

Date 2017-11-09
Target Talon Innovations
Sector Manufacturing
Buyer(s) Ichor
Sellers(s) Graycliff Partners
Deal Type Add-on Acquisition
Deal Value 130M USD

Target

Talon Innovations

Sauk Rapids, Minnesota, United States
website
Talon Innovations Corp. is a designer and manufacturer of precision machined products. Talon provides solutions-based product engineering services and is a key supplier to the semiconductor industry, with products including gas delivery systems, face seal fittings, stainless steel weld fittings, diaphragm valves and custom weldments.

Search 193,724 Deals Now

SEARCH BY

  • Buyer Type (PE or Strategic)
  • Deal Size ($10M to $10B+)
  • Sector (60 Sectors)
  • Deal Type
  • Geography
  • & More

Try For Free 7-Day Free Trial

Buyer(S) 1

Buyer

Ichor

Fremont, California, United States

website


Category Company
Founded 1999
Sector Energy Services and Equipment
Employees2,280
Revenue 1.3B USD (2022)
DESCRIPTION

Ichor is a global designer and manufacturer of process tools, gas delivery modules and chemical delivery modules sold to capital equipment manufacturers. Ichor Systems serves a variety of end markets, including semiconductors, LEDs (light emitting diode), data storage and alternative energy capital equipment. Ichor was founded in 1999 and is based in Fremont, California.


DEAL STATS #
Overall 4 of 6
Sector (Manufacturing) 2 of 3
Type (Add-on Acquisition) 4 of 6
State (Minnesota) 1 of 1
Country (United States) 3 of 4
Year (2017) 2 of 2
Size (of disclosed) 2 of 3
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2017-07-27 Cal-Weld

Fremont, California, United States

Cal-Weld, Inc. is a designer and manufacturer of precision high purity equipment, sub-systems & components. It provide a broad spectrum of welding, machining, integration and engineering services for products ranging from simple parts to complex systems. Cal Weld serves many industries, with particular concentration on high technology segments including semiconductor, solar, nanotech, MEMS, bio-med, defense, aerospace, research and alternative energy.

Buy $50M
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2018-04-18 IAN Engineering

South Korea

IAN Engineering Co., Ltd. is a provider of locally-sourced design and manufacturing of gas delivery systems to customers in South Korea.

Buy -

Seller(S) 1

SELLER

Graycliff Partners

New York, New York, United States

Investor Investor Investor Investor Investor

website


Category Private Equity Firm
Founded 1991
PE ASSETS 1.0B USD
Size Large
Type Sector Agnostic
DESCRIPTION

Graycliff Partners is a private equity firm focused on private equity and mezzanine investments in middle-market companies throughout the US. The Firm's mezzanine practice does not have any sector preferences and looks to invest $10 to $50 million in profitable companies with at least $10 million in revenue. Funds are used to support buyouts, growth needs, divestitures, or consolidations. Graycliff's private equity group looks to acquire middle-market companies in the manufacturing, service, and distribution sectors. The Firm looks for businesses with $10 to $200 million of revenue. Graycliff Partners was established in 1991 and is based in New York City.


DEAL STATS #
Overall 12 of 34
Sector (Manufacturing) 2 of 5
Type (Add-on Acquisition) 6 of 16
State (Minnesota) 1 of 1
Country (United States) 10 of 31
Year (2017) 4 of 4
Size (of disclosed) 5 of 7
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2017-10-18 Globe Food Equipment

Dayton, Ohio, United States

Globe Food Equipment Co. is a designer and manufacturer of food preparation equipment specializing in slicers mixers, vegetable cutters, and meat choppers. Globe Food Equipment is based in Dayton, Ohio.

Sell -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2018-02-21 Installs

Buffalo, New York, United States

Installs is a first national independent installation service provider of consumer electronics and appliances and currently maintains one of the largest networks of multi-skilled independent and certified technicians. Installs was founded in 1993 and is based in Buffalo, New York.

Sell -