Merger • Packaging

Hermetic Solutions Group Acquires Pacific Aerospace & Electronics

On December 22, 2016, Hermetic Solutions Group acquired packaging company Pacific Aerospace & Electronics from ShoreView Industries

Acquisition Context
  • This is Hermetic Solutions Group’s 3rd transaction in the Packaging sector.
  • This is Hermetic Solutions Group’s 2nd transaction in the United States.
  • This is Hermetic Solutions Group’s 1st transaction in Washington.

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M&A Deal Summary

Date December 22, 2016
Target Pacific Aerospace & Electronics
Sector Packaging
Buyer(s) Hermetic Solutions Group
Sellers(s) ShoreView Industries
Deal Type Merger

Target Company

Pacific Aerospace & Electronics

Wenatchee, Washington, United States
Pacific Aerospace & Electronics, Inc. is an integrated manufacturer of hermetic electronic packages and interconnect solutions for leading defense, medical, energy and space companies. The company specializes in using unique materials and manufacturing processes to bring technically demanding custom product designs to market by optimizing for size, weight, thermal conductivity and electronic performance.
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Buyer Overview 1

Buyer

Hermetic Solutions Group

Trevose, Pennsylvania, United States

Category Company
Founded 2016
Sector Packaging
DESCRIPTION

Hermetic Solutions Group is a provider of advanced hermetic packaging and components designed to ensure critical electronic systems function reliably in demanding environments where it is essential to control for factors such as weight, space, vibration, temperature, moisture and off-gassing. Hermetic Solutions Group was founded in 2016 and is based in Pennsylvania, United States.


Deal Context for Buyer #
Overall 3 of 4
Sector: Packaging 3 of 3
Type: Merger 3 of 3
State: Washington 1 of 1
Country: United States 2 of 3
Year: 2016 3 of 3
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2016-12-22 Hi-Rel Group

Norfolk, United Kingdom

Hi-Rel Group LLC is a provider of highly specialized hermetic packaging components used for mission-critical applications in the defense, optical networking, industrial and medical industries. Hi-Rel’s product offerings, which include lids, getters (absorbers), preforms, thermal spreaders and ring frames.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2021-01-05 Cristek Interconnects

Anaheim, California, United States

Cristek Interconnects, Inc. is a manufacturer of specialty interconnect products and assemblies. Cristek offers a comprehensive solution for hermetic packages, specialty connectors, cable assemblies, headers, lids, windows, thermal management materials, vacuum products, preforms, and laser systems and services. Cristek Interconnects was founded in 1985 is based in Anaheim, California.

Buy -

Seller Profile 1

SELLER

ShoreView Industries


Category Private Equity Firm
Founded 2002
PE ASSETS 1.3B USD
Size Large
Type Sector Agnostic
DESCRIPTION

ShoreView Industries is a middle-market private investment principally focused on partnering with family or entrepreneurial-owned companies. ShoreView will consider a variety of investment situations, including buyouts, leveraged recapitalizations, minority investments, and industry consolidations. Areas of interest include engineered products, distribution, industrial services, business services, and niche consumer products. ShoreView industries was established in 2002 and is headquartered in Minneapolis, Minnesota.


Deal Context for Seller #
Overall 17 of 30
Sector: Packaging 1 of 4
Type: Merger 1 of 1
State: Washington 1 of 1
Country: United States 17 of 29
Year: 2016 6 of 6
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2016-12-01 Kibbi

Bristol, Indiana, United States

Kibbi LLC is a manufacturer of specialty trailers and recreational vehicles. The Company manufactures all of its vehicles on commercial chassis, utilizing proprietary manufacturing techniques, which allows consumers with large cargo capacity needs to tow heavy loads safely. Kibbi sells its products through a network of specialty vehicle and trailer dealers. Kibbi was established in 1997 and is based in Bristol, Indiana.

Sell -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2017-08-24 Tex Tech Industries

Kernersville, North Carolina, United States

Tex Tech Industries is a speciality textile material manufacturer that specialises in meeting the requirements of challenging and demanding customer applications. Tex Tech Industries was founded in 1904 and is based in Kernersville, North Carolina.

Sell -