M&A Deal Summary

IDEX Acquires Superior Technical Ceramics

On October 30, 2023, IDEX acquired manufacturer Superior Technical Ceramics from Artemis Capital Partners for 206M USD

Acquisition Highlights
  • This is IDEX’s 12th transaction in the Manufacturing sector.
  • This is IDEX’s 5th largest (disclosed) transaction.
  • This is IDEX’s 17th transaction in the United States.
  • This is IDEX’s 1st transaction in Vermont.

M&A Deal Summary
Date 2023-10-30
Target Superior Technical Ceramics
Sector Manufacturing
Buyer(s) IDEX
Sellers(s) Artemis Capital Partners
Deal Type Add-on Acquisition
Deal Value 206M USD

Target

Superior Technical Ceramics

St. Albans, Vermont, United States
website
Superior Technical Ceramics offers unique technical ceramic solutions to a wide range of industries, including aerospace, defense, analytical instrumentation, energy, oil and gas, semiconductor, and more. Superior Technical Ceramics was founded in 1898 and is based in St. Albans, Vermont.

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Buyer(S) 1

Buyer

IDEX

Northbrook, Illinois, United States

website

Category Company
Founded 1987
Sector Manufacturing
Employees7,536
Revenue 2.8B USD (2021)
DESCRIPTION

IDEX is engaged in the development, design, and manufacture of fluidics systems and specialty engineered products. IDEX was founded in 1987 and is based in Northbrook, Illinois.

DEAL STATS #
Overall 27 of 27
Sector (Manufacturing) 12 of 12
Type (Add-on Acquisition) 24 of 24
State (Vermont) 1 of 1
Country (United States) 17 of 17
Year (2023) 2 of 2
Size (of disclosed) 5 of 17
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2023-04-26 Iridian

Ottawa, Ontario, Canada

Iridian is focused on designing and manufacturing thin-film, multi-layer optical filters serving the laser communications, telecommunications, and life sciences markets. Iridian is based in Ottawa, Ontario.

Buy CA$150M

Seller(S) 1

SELLER

Artemis Capital Partners

Boston, Massachusetts, United States

Investor Investor Investor

website

Category Private Equity Firm
Founded 2010
Size Small
Type Sector Agnostic
DESCRIPTION

Artemis Capital Partners is a private equity firm focused on buyouts and growth equity investments in industrial technology businesses. Artemis likes businesses with unique and defensible products, technology and/or intellectual property. Specific areas of interest includes industrial automation and software, life sciences laboratory automation and software, controls, devices, sensors and instrumentation. Target companies generate revenues of $2 to $50 million and at least $500k of EBITDA. Artemis is based in Boston, Massachusetts.

DEAL STATS #
Overall 6 of 6
Sector (Manufacturing) 2 of 2
Type (Add-on Acquisition) 5 of 5
State (Vermont) 1 of 1
Country (United States) 5 of 5
Year (2023) 2 of 2
Size (of disclosed) 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2023-07-06 SightLine Applications

Hood River, Oregon, United States

SightLine Applications is a developer of image processing electronics and software products that enable the success of Intelligence, Surveillance and Reconnaissance (ISR) and Counter-Unmanned Aerial Systems (C-UAS) missions across complex domains. SightLine Applications was founded in 2007 and is based in Hood River, Oregon.

Buy -
Mergr

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