M&A Deal Summary

IDEX Acquires Superior Technical Ceramics

On October 30, 2023, IDEX acquired manufacturer Superior Technical Ceramics from Artemis Capital Partners for 206M USD

Acquisition Highlights
  • This is IDEX’s 12th transaction in the Manufacturing sector.
  • This is IDEX’s 6th largest (disclosed) transaction.
  • This is IDEX’s 17th transaction in the United States.
  • This is IDEX’s 1st transaction in Vermont.

M&A Deal Summary

Date 2023-10-30
Target Superior Technical Ceramics
Sector Manufacturing
Buyer(s) IDEX
Sellers(s) Artemis Capital Partners
Deal Type Add-on Acquisition
Deal Value 206M USD

Target

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.

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Buyer(S) 1

Buyer

IDEX

Northbrook, Illinois, United States

Category Company
Founded 1987
Sector Manufacturing
Employees8,800
Revenue 3.3B USD (2023)
DESCRIPTION

IDEX is engaged in the development, design, and manufacture of fluidics systems and specialty-engineered products. IDEX was founded in 1987 and is based in Northbrook, Illinois.


DEAL STATS #
Overall 27 of 28
Sector (Manufacturing) 12 of 13
Type (Add-on Acquisition) 24 of 25
State (Vermont) 1 of 1
Country (United States) 17 of 18
Year (2023) 2 of 2
Size (of disclosed) 6 of 18
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2023-04-26 Iridian

Ottawa, Ontario, Canada

Iridian is focused on designing and manufacturing thin-film, multi-layer optical filters serving the laser communications, telecommunications, and life sciences markets. Iridian is based in Ottawa, Ontario.

Buy CA$150M
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2024-07-23 Mott

Farmington, Connecticut, United States

Mott is a technology-driven, precision filtration company trusted by the world's best technical and performance brands across four core markets: medicine, computing power, clean energy, and space exploration. Mott was founded in 1959 and is based in Farmington, Connecticut.

Buy $1.0B

Seller(S) 1

SELLER

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 6 of 6
Sector (Manufacturing) 2 of 2
Type (Add-on Acquisition) 5 of 5
State (Vermont) 1 of 1
Country (United States) 5 of 5
Year (2023) 2 of 2
Size (of disclosed) 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2023-07-06 SightLine Applications

Hood River, Oregon, United States

SightLine Applications is a developer of image processing electronics and software products that enable the success of Intelligence, Surveillance and Reconnaissance (ISR) and Counter-Unmanned Aerial Systems (C-UAS) missions across complex domains. SightLine Applications was founded in 2007 and is based in Hood River, Oregon.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2024-11-14 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.

Buy -