M&A Deal Summary

EMCORE Acquires Systron Donner Inertial

On June 10, 2019, EMCORE acquired technology hardware company Systron Donner Inertial from Resilience Capital Partners for 26M USD

Acquisition Highlights
  • This is EMCORE’s 1st transaction in the Technology Hardware sector.
  • This is EMCORE’s largest (disclosed) transaction.
  • This is EMCORE’s 2nd transaction in the United States.
  • This is EMCORE’s 2nd transaction in California.

M&A Deal Summary

Date 2019-06-10
Target Systron Donner Inertial
Sector Technology Hardware
Buyer(s) EMCORE
Sellers(s) Resilience Capital Partners
Deal Type Add-on Acquisition
Deal Value 26M USD

Target

Systron Donner Inertial

Concord, California, United States
website
Systron Donner, Inc. is a provider of quartz microelectromechanical systems (QMEMS) used in inertial sensing products that provide precision guidance, navigation, and locational solutions, Systron Donner develops products that have been used in everything from business aircraft to fighter jets to the MARS Rover. Systron Donner, Inc. was founded in 1953 and is based in Concord, California.

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Buyer(S) 1

Buyer

EMCORE

Alhambra, California, United States

website


Category Company
Founded 1984
Sector Semiconductors
Employees436
Revenue 124M USD (2022)
DESCRIPTION

EMCORE is a provider of compound semiconductor-based products for the fiber optics markets. EMCORE’s Fiber Optics business segment provides optical components, subsystems and systems for high-speed telecommunications, Cable Television (CATV) and Fiber-To-The-Premise (FTTP) networks, as well as products for satellite communications, video transport and specialty photonics technologies for defense and homeland security applications. EMCORE was founded in 1984 and is based in Alhambra, California.


DEAL STATS #
Overall 2 of 3
Sector (Technology Hardware) 1 of 1
Type (Add-on Acquisition) 2 of 2
State (California) 2 of 2
Country (United States) 2 of 3
Year (2019) 1 of 1
Size (of disclosed) 1 of 2
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2015-01-05 EMCORE - Tunable Laser Product Lines

Albuquerque, New Mexico, United States

Sell $18M
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2022-02-15 L3Harris Technologies - Space & Navigation Business

Melbourne, Florida, United States

L3Harris Technologies's Space & Navigation Business designs and builds Navigation products.

Buy $5M

Seller(S) 1

SELLER

Resilience Capital Partners

Cleveland, Ohio, United States

Investor Investor Investor Investor Investor

website


Category Private Equity Firm
Founded 2001
PE ASSETS 675M USD
Size Middle-Market
Type Sector Agnostic
DESCRIPTION

Resilience Capital Partners is a private equity firm focused on investing in lower middle-market underperforming and turnaround situations. Resilience targets non-core divisions or subsidiaries, companies with severe operational issues, businesses suffering from insufficient management focus, and privately held companies with lack of access to capital. Sectors of interest include niche manufacturing, specialty chemicals, and industrial services. Prospective companies are generally located in North America with $25 to $250 million in revenue, and EBITDA typically under $20 million. Resilience Capital Partners was formed in 2001 and is located in Cleveland, Ohio.


DEAL STATS #
Overall 12 of 19
Sector (Technology Hardware) 2 of 2
Type (Add-on Acquisition) 3 of 5
State (California) 1 of 2
Country (United States) 12 of 19
Year (2019) 2 of 4
Size (of disclosed) 2 of 2
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2019-03-26 Systron Donner Inertial

Concord, California, United States

Systron Donner, Inc. is a provider of quartz microelectromechanical systems (QMEMS) used in inertial sensing products that provide precision guidance, navigation, and locational solutions, Systron Donner develops products that have been used in everything from business aircraft to fighter jets to the MARS Rover. Systron Donner, Inc. was founded in 1953 and is based in Concord, California.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2019-08-29 Simcom

Orlando, Florida, United States

Simcom is a privately-owned, comprehensive learning institution, SIMCOM utilizes realistic simulator-based training to provide advanced aviation training services to professional pilots, owner-operators, Part 135 operators and maintenance personnel operating in general aviation, regional, military, government and cargo operations around the world. Simcom was founded in 1989 and is based in Orlando, Florida.

Sell -