M&A Deal Summary

Channel Technologies Group Acquires Materials Systems

On October 9, 2014, Channel Technologies Group acquired defense company Materials Systems

Acquisition Highlights
  • This is Channel Technologies Group’s 1st transaction in the Defense sector.
  • This is Channel Technologies Group’s 2nd transaction in the United States.
  • This is Channel Technologies Group’s 1st transaction in Massachusetts.

M&A Deal Summary
Date 2014-10-09
Target Materials Systems
Sector Defense
Buyer(s) Channel Technologies Group
Deal Type Add-on Acquisition
Advisor(s) Dunn Rush & Co. LLC (Financial)

Target

Materials Systems

Littleton, Massachusetts, United States
MSI designs, prototypes and manufactures innovative and cost-effective piezecomposite sonar transducers and arrays for defense and commercial customers. Founded in 1991, MSI developed a proprietary injection-molded piezocomposite technology used not only in defense applications such as mine hunting, mine neutralization, torpedo honing, AUVs, acoustic communications and harbor defense, but also in oil and gas surveying and exploration, as well as variety of medical applications.

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Buyer(S) 1

Buyer

Channel Technologies Group

Santa Barbara, California, United States
Category Company
Founded 1959
Sector Manufacturing
Employees250
DESCRIPTION

Channel Technologies Group LLC was a manufacturer and engineer of piezoelectric ceramics and specialized products for a variety of applications and end-users, including medical device manufacturers, energy services companies, defense contractors, and the U.S. Navy. Channel Technologies Group was formed in 1959 and was based in Santa Barbara, California.

DEAL STATS #
Overall 2 of 2
Sector (Defense) 1 of 1
Type (Add-on Acquisition) 2 of 2
State (Massachusetts) 1 of 1
Country (United States) 2 of 2
Year (2014) 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2013-10-11 CTG Advanced Materials

Bolingbrook, Illinois, United States

CTG Advanced Materials LLC is a designer and manufacturer of single crystal piezoelectric materials, serving major original equipment manufacturers throughout the medical marketplace.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2016-03-13 CTG Advanced Materials

Bolingbrook, Illinois, United States

CTG Advanced Materials LLC is a designer and manufacturer of single crystal piezoelectric materials, serving major original equipment manufacturers throughout the medical marketplace.

Sell $73M
Mergr

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