M&A Deal Summary

inTEST Acquires Ambrell

On May 24, 2017, inTEST acquired machinery company Ambrell from Graycliff Partners for 22M USD

Acquisition Highlights
  • This is inTEST’s 1st transaction in the Machinery sector.
  • This is inTEST’s largest (disclosed) transaction.
  • This is inTEST’s 1st transaction in the United States.
  • This is inTEST’s 1st transaction in New York.

M&A Deal Summary
Date 2017-05-24
Target Ambrell
Sector Machinery
Buyer(s) inTEST
Sellers(s) Graycliff Partners
Deal Type Add-on Acquisition
Deal Value 22M USD

Target

Ambrell

Scottsville, New York, United States
Ambrell Corp. is a provider of precision induction heating systems, known for its application and engineering experience. Ambrell's products are produced at their ISO-9001 certified facility. Products are used in brazing, shrink fitting, bonding, annealing, curing, forging, hardening, sealing, melting, and material testing applications. Ambrell Corp. was established in 1986 and is headquartered in Scottsville, New York.

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Buyer(S) 1

Buyer

inTEST

Mount Laurel, New Jersey, United States
Category Company
Founded 1981
Sector Semiconductors
Employees323
Revenue 123M USD (2023)
DESCRIPTION

inTEST is an independent designer, manufacturer and marketer of thermal management products and semiconductor automatic test equipment (ATE) interface solutions. inTEST was founded in 1981 and is based in Mount Laurel, New Jersey.

DEAL STATS #
Overall 1 of 5
Sector (Machinery) 1 of 1
Type (Add-on Acquisition) 1 of 5
State (New York) 1 of 1
Country (United States) 1 of 2
Year (2017) 1 of 1
Size (of disclosed) 1 of 2
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2021-10-07 Z-SC1

Westmount, Quebec, Canada

Z-SC1 is an international company focused on developing laboratory equipment for the biomedical in North & South America. Z-SC1 is headquartered in Montreal, Canada with 2 overseas manufacturing bases.

Buy -

Seller(S) 1

SELLER

Graycliff Partners

New York, New York, United States

Investor Investor Investor Investor Investor

Category Private Equity Firm
Founded 1991
PE ASSETS 1.0B USD
Size Large
Type Sector Agnostic
DESCRIPTION

Graycliff Partners is a private equity firm focused on private equity and mezzanine investments in middle-market companies throughout the US. The Firm's mezzanine practice does not have any sector preferences and looks to invest $10 to $50 million in profitable companies with at least $10 million in revenue. Funds are used to support buyouts, growth needs, divestitures, or consolidations. Graycliff's private equity group looks to acquire middle-market companies in the manufacturing, service, and distribution sectors. The Firm looks for businesses with $10 to $200 million of revenue. Graycliff Partners was established in 1991 and is based in New York City.

DEAL STATS #
Overall 9 of 36
Sector (Machinery) 1 of 1
Type (Add-on Acquisition) 4 of 18
State (New York) 2 of 6
Country (United States) 7 of 33
Year (2017) 1 of 4
Size (of disclosed) 8 of 8
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2017-04-05 Oberfields

Columbus, Ohio, United States

Oberfields is a regional manufacturer and distributor of a broad range of concrete masonry and hardscape products, including standard gray and architectural block, segmental retaining walls, pavers, precast products and hardscape and masonry accessories. The company was founded in 1961 and is based in Columbus, Ohio.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2017-10-17 VLS Environmental Solutions

Houston, Texas, United States

VLS Environmental Solutions is a provider of waste treatment and recycling, and interior railcar cleaning services. VLS Environmental Solutions also provides customized processing solutions for non-hazardous waste, including waste-to-energy and other landfill diversion programs, solidification of liquid waste, recycling, and wastewater treatment. VLS Environmental Solutions was founded in 2007 and is based in Houston, Texas.

Sell -
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