M&A Deal Summary

Keystone Capital Acquires Polymicro Technologies

On July 6, 1999, private equity firm Keystone Capital acquired manufacturer Polymicro Technologies from The Spectranetics for 15M USD

Acquisition Highlights
  • This is Keystone Capital’s 1st transaction in the Manufacturing sector.
  • This is Keystone Capital’s largest (disclosed) transaction.
  • This is Keystone Capital’s 2nd transaction in the United States.
  • This is Keystone Capital’s 1st transaction in Arizona.
Investment Fate
  • Polymicro Technologies was sold to a strategic buyer in 2007.

M&A Deal Summary

Date 1999-07-06
Target Polymicro Technologies
Sector Manufacturing
Buyer(s) Keystone Capital
Sellers(s) The Spectranetics
Deal Type Divestiture
Deal Value 15M USD

Target

Polymicro Technologies

Phoenix, Arizona, United States
website
Polymicro Technologies, Inc. is a manufacturer of glass capillary tubing, specialty optical fiber, related assemblies and precision glass pieces primarily used in analytical instrument, medical and telecommunication applications.

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Buyer(S) 1

Buyer

Keystone Capital

Chicago, Illinois, United States

Investor Investor Investor Investor Investor

website


Category Private Equity Firm
Founded 1994
PE ASSETS 420M USD
Size Middle-Market
Type Sector Agnostic
DESCRIPTION

Keystone Capital is a private equity firm focused on acquiring family businesses, corporate divestitures, industry consolidations, and special situations. Keystone prefers lower middle-market, US-based businesses with EBITDA of $3 to $15 million. Target sectors include specialty manufacturing, business services/outsourcing, food processing and ingredients, publishing, instrumentation, optical components, and healthcare products/services. Keystone will not invest in start-ups, turnarounds, commodities, defense/government contractors, retail stores, or restaurants. Keystone Capital was formed in 1994 and is based in Chicago, Illinois.


DEAL STATS #
Overall 2 of 35
Sector (Manufacturing) 1 of 3
Type (Divestiture) 1 of 6
State (Arizona) 1 of 1
Country (United States) 2 of 34
Year (1999) 1 of 1
Size (of disclosed) 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
1997-10-01 Record Masters

Northbrook, Illinois, United States

Record Masters outsourced the day-to-day medical records management function of a hospital, including records storage, purging, indexing, copying, and in certain cases codings.

Sell -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2000-03-01 Judson Technologies

Montgomeryville, Pennsylvania, United States

Judson Technologies LLC is a manufacturer of high performance infrared detectors, sensors and related cooling packages and electronics for military, space satellite, telecommunication, industrial process control, and medical applications.

Buy -

Seller(S) 1

SELLER

The Spectranetics

Colorado Springs, Colorado, United States

website


Category Company
Founded 1984
Sector Medical Products
Employees892
Revenue 246M USD (2015)
DESCRIPTION
Entrance to Spectranetics' corporate headquarters in Colorado Springs, Colorado.
Entrance to Spectranetics' corporate headquarters in Colorado Springs, Colorado.

The Spectranetics Corp. is a medical device company. Spectranetics developes, manufactures, and distributes of single-use medical devices used in minimally invasive procedures within the cardiovascular system. Spectranetics Corp. was formed in 1984 and is headquartered in Colorado Springs, Colorado.


DEAL STATS #
Overall 1 of 1
Sector (Manufacturing) 1 of 1
Type (Divestiture) 1 of 1
State (Arizona) 1 of 1
Country (United States) 1 of 1
Year (1999) 1 of 1
Size (of disclosed) 1 of 1
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2013-01-07 Upstream Peripheral Technologies

Israel

Upstream Peripheral Technologies Ltd. is a developer of medical products.

Buy $6M