M&A Deal Summary

Axia Partners Acquires Innovative Pressure Technologies

On January 1, 2006, private equity firm Axia Partners acquired machinery company Innovative Pressure Technologies for 1M USD

Acquisition Highlights
  • This is Axia Partners’ 1st transaction in the Machinery sector.
  • This is Axia Partners’ largest (disclosed) transaction.
  • This is Axia Partners’ 3rd transaction in the United States.
  • This is Axia Partners’ 1st transaction in Pennsylvania.
Investment Fate
  • Innovative Pressure Technologies was sold to a strategic buyer in 2012.

M&A Deal Summary
Date 2006-01-01
Target Innovative Pressure Technologies
Sector Machinery
Buyer(s) Axia Partners
Deal Type Buyout (LBO, MBO, MBI)
Deal Value 1M USD

Target

Innovative Pressure Technologies

Erie, Pennsylvania, United States
Innovative Pressure Technologies (IPT) is a designer and manufacturer high precision, highly reliable industrial valves and fluid control devices and components for OEM and end-user applications. Innovative Pressure Technologies is based in Erie, Pennsylvania.

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Buyer(S) 1

Buyer

Axia Partners

Boston, Massachusetts, United States

Investor Investor

Category Private Equity Firm
Size Small
Type Sector Agnostic
DESCRIPTION

Axia Capital is a private equity investment and advisory firm. Axia Capital looks to invest in under-appreciated technology assets generating revenues of $3 to $50 million. Specific areas of interest include industrial and laboratory automation, robotics and controls; enterprise software and services; sensors and instrumentation; and industrial capital equipment. Targeted transactions include acquisitions of non-core divestitures, recapitalizations, and situations requiring growth capital. Axia Capital looks to $1 to $ 5 million per transaction. Axia Capital was formed in 2003 and is based in Boston, Massachusetts.

DEAL STATS #
Overall 3 of 5
Sector (Machinery) 1 of 1
Type (Buyout (LBO, MBO, MBI)) 2 of 4
State (Pennsylvania) 1 of 1
Country (United States) 3 of 5
Year (2006) 1 of 2
Size (of disclosed) 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2005-12-23 Hydroid

Pocasset, Massachusetts, United States

Hydroid is a manufacturer and supplier of autonomous underwater vehicles (AUV) for military and commercial markets worldwide. Its REMUS line of unmanned underwater vehicles (UUV) has provided deployable solutions for use in defense, marine research and commercial applications. Hydroid specializes in UUV design, engineering, production and support.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2006-02-17 Innofiber

Sterling, Massachusetts, United States

Innofiber is a designer and manufacturer of high precision application-specific, fiber-optic light guides and accessories to OEMs in the industrial and medical markets. Innofiber was founded in 1989 and is based in Sterling, Massachusetts.

Buy -
Mergr

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