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M&A Deal Summary

Artemis Capital Partners Acquires Diamond

On November 14, 2024, private equity firm Artemis Capital Partners acquired business services company Diamond

Acquisition Highlights
  • This is Artemis Capital Partners’ 1st transaction in the Business Services sector.
  • This is Artemis Capital Partners’ 15th transaction in the United States.
  • This is Artemis Capital Partners’ 6th transaction in Massachusetts.

M&A Deal Summary
Date 2024-11-14
Target Diamond
Sector Business Services
Buyer(s) Artemis Capital Partners
Deal Type Buyout (LBO, MBO, MBI)
Advisor(s) Philpott Ball & Werner (Financial)
Polsinelli PC
Stites & Harbison (Legal)

Target

Diamond

Littleton, Massachusetts, United States
Diamond is a developer of radio frequency ("RF") rotary joints and rotating subsystems. Diamond specializes in the design, manufacture, and refurbishment of rotary joints and complex integrated subassemblies serving mission critical ground, shipboard, submarine, aircraft, commercial, and space applications. Diamond was founded in 1956 and is based in Littleton, Massachusetts.

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Buyer(S) 1

Buyer

Artemis Capital Partners

Boston, Massachusetts, United States

Investor Investor Investor

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 17 of 18
Sector: Business Services M&A 1 of 1
Type: Buyout (LBO, MBO, MBI) M&A Deals 12 of 12
State: Massachusetts M&A 6 of 6
Country: United States M&A 15 of 16
Year: 2024 M&A 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2023-10-30 Superior Technical Ceramics

St. Albans, Vermont, United States

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.

Sell $206M
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2025-01-08 Richland Glass

Vineland, New Jersey, United States

Richland Glass is an advanced materials manufacturer of specialty glass containment products and solutions that enable analysis of low-volume, high-value, microfluidic samples for life-saving applications at the frontier of human health and environmental security. Richland Glass is based in Vineland, New Jersey.

Buy -
Mergr

Product

Company

Legal