M&A Deal Summary

Ichor Acquires IMG Companies

On November 16, 2021, Ichor acquired manufacturer IMG Companies from Addison Capital Partners for 270M USD

Acquisition Highlights
  • This is Ichor’s 3rd transaction in the Manufacturing sector.
  • This is Ichor’s largest (disclosed) transaction.
  • This is Ichor’s 4th transaction in the United States.
  • This is Ichor’s 3rd transaction in California.

M&A Deal Summary
Date 2021-11-16
Target IMG Companies
Sector Manufacturing
Buyer(s) Ichor
Sellers(s) Addison Capital Partners
Deal Type Add-on Acquisition
Deal Value 270M USD

Target

IMG Companies

Livermore, California, United States
website
IMG Companies is a manufacturer of process sensitive, critical and highly engineered components and consumable parts. IMG provide OEMs responsive solutions for the manufacture of quick turn, prototype, and commercial-scale component and consumable parts for semiconductor, aerospace and defense, medical device, and energy applications. IMG Companies was founded in 2004 and is based in Livermore, California.

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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 6 of 6
Sector (Manufacturing) 3 of 3
Type (Add-on Acquisition) 6 of 6
State (California) 3 of 3
Country (United States) 4 of 4
Year (2021) 1 of 1
Size (of disclosed) 1 of 3
PREVIOUS 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

Addison Capital Partners

West Palm Beach, Florida, United States

website

Category Private Equity Firm
Founded 2004
Size Small
Type Sector Agnostic
DESCRIPTION

Addison Capital Partners LLC is a private equity firm that seeks to invest in partnership between owners and operators of lower middle market companies. Addison focuses on companies with proven profitability, experienced management, diverse customers and defensible market position with an EBITDA of $1 - $10 million. The Firm targets companies operating in the fields of manufacturing, distribution and business services. Types of transactions include MBO’s, recapitalizations, growth capital and non-control Investments. Addison Capital Partners LLC was formed in 2004 and is based in West Palm Beach, Florida.

DEAL STATS #
Overall 5 of 5
Sector (Manufacturing) 1 of 1
Type (Add-on Acquisition) 5 of 5
State (California) 1 of 1
Country (United States) 5 of 5
Year (2021) 1 of 1
Size (of disclosed) 1 of 2
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2020-12-31 Gowanda Components Group

Gowanda, New York, United States

Gowanda Components Group manufacturer of high performance, high-reliability electronic components. Gowanda Components Group expertise includes power, RF and microwave magnetics, specialty filters and application-specific designs. Gowanda Components Group is based in Gowanda, New York.

Sell -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2023-07-06 Communication Power Companies

Hauppauge, New York, United States

Communication Power Companies is a manufacturer of standard and custom RF and microwave power amplifiers for military, industrial, scientific and medical applications. Communication Power Companies was founded in 1994 and is based in Hauppauge, New York.

Buy -
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