M&A Deal Summary

Ascential Technologies Acquires Korvis

On August 8, 2018, Ascential Technologies acquired machinery company Korvis from Seidler Equity Partners

Acquisition Highlights
  • This is Ascential Technologies’ 4th transaction in the Machinery sector.
  • This is Ascential Technologies’ 3rd transaction in the United States.
  • This is Ascential Technologies’ 1st transaction in Oregon.

M&A Deal Summary
Date 2018-08-08
Target Korvis
Sector Machinery
Buyer(s) Ascential Technologies
Sellers(s) Seidler Equity Partners
Deal Type Add-on Acquisition

Target

Korvis

Corvallis, Oregon, United States
Korvis LLC is a manufacturing, engineering, and design firm offering volume production and custom automation services, with an emphasis on precision motion, microfluidics, and optical technologies. Korvis LLC was founded in 2002 and is based in Corvallis, Oregon.

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Buyer(S) 1

Buyer

Ascential Technologies

San Diego, California, United States
Category Company
Sector Manufacturing
DESCRIPTION

Ascential Technologies is a provider of automotive, advanced manufacturing, and life science markets, maintaining more than 30 locations in Europe, Asia, and the Americas. Ascential Technologies is based in San Diego, California.

DEAL STATS #
Overall 6 of 9
Sector (Machinery) 4 of 4
Type (Add-on Acquisition) 6 of 9
State (Oregon) 1 of 1
Country (United States) 3 of 5
Year (2018) 6 of 7
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2018-08-08 H. Kleinknecht

Siegen, Germany

H. Kleinknecht & Co. GmbH is an engineering firm that specialized in control system design and the manufacture of control panels. H. Kleinknecht & Co. GmbH was founded in 1946 and is based in Siegen, Germany.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2018-09-04 WinterPark Engineering

Auburn Hills, Michigan, United States

WinterPark Engineering LLC is a provider of mission critical engineering services for global emissions and regulatory applications. WinterPark specializes in the engineering and regulatory management of emission and on-board diagnostics (OBD) development and testing. WinterPark Engineering LLC was founded in 2006 and is based in Auburn Hills, Michigan.

Buy -

Seller(S) 1

SELLER

Seidler Equity Partners

Marina del Rey, California, United States

Investor Investor Investor Investor Investor

Category Private Equity Firm
Founded 1992
PE ASSETS 5.0B USD
Size Mega
Type Sector Agnostic
DESCRIPTION

Seidler Equity Partners is a mid-market private equity firm focused on partnering with business owners and management to help build market-leading companies. Seidler will consider funding growth financings, family business transitions, owner-operator recapitalizations, management buyouts, liquidity for estate planning, and traditional buyouts. Seidler looks to invest in businesses with a proven track record and opportunities for growth. Prospective companies typically have minimum revenue of $25 million and EBITDA between $5 and $50 million. Seidler is a generalist firm and will consider investments across a wide range of industries, including manufacturing, service, and distributors. Seidler Equity Partners was formed in 1999 and is based in Marina del Rey, California.

DEAL STATS #
Overall 20 of 23
Sector (Machinery) 2 of 2
Type (Add-on Acquisition) 6 of 6
State (Oregon) 1 of 1
Country (United States) 20 of 23
Year (2018) 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2018-06-05 Rawlings

St. Louis, Missouri, United States

Rawlings is a manufacturer and marketer of sporting goods. Rawlings offers high-performance equipment and protective apparel for the professional, amateur, and entry-level player. Rawlings was founded in 1887 and is based in St. Louis, Missouri.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2018-11-01 Quick Quack Car Wash

Roseville, California, United States

Quick Quack Car Wash is a developer, operator, and manager of express-format car wash locations. Quick Quack operates locations throughout the Western United States. Quick Quack Car Wash wash founded in 2004 and is based in Roseville, California.

Buy -
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