M&A Deal Summary

KESTREL Vision Acquires Filtec

On September 12, 2022, KESTREL Vision acquired business services company Filtec from SFW Capital Partners

Acquisition Highlights
  • This is KESTREL Vision’s 1st transaction in the Business Services sector.
  • This is KESTREL Vision’s 1st transaction in the United States.
  • This is KESTREL Vision’s 1st transaction in California.

M&A Deal Summary

Date 2022-09-12
Target Filtec
Sector Business Services
Buyer(s) KESTREL Vision
Sellers(s) SFW Capital Partners
Deal Type Add-on Acquisition

Target

Filtec

Torrance, California, United States
Filtec is a provider of advanced in-line inspection instrumentation and systems for the beverage industry. The company provides electronic equipment for inspection and marking of empty and full containers on bottling, canning, and packaging. Filtec was founded in 1958 and is based in Torrance, California.

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Buyer(S) 1

Buyer

KESTREL Vision

Saint-Genis-Laval, France

Category Company
Sector Machinery
DESCRIPTION

KESTREL Vision is an international machine vision specialist organised as a fabless manufacturing model (i.e. selling the machines they design internally while outsourcing their production). KESTREL Vision has a strong expertise in glass packaging and has recently expanded to plastic. KESTREL Vision is based in Saint-Genis-Laval, France.


DEAL STATS #
Overall 1 of 1
Sector: Business Services M&A 1 of 1
Type: Add-on Acquisition M&A Deals 1 of 1
State: California M&A 1 of 1
Country: United States M&A 1 of 1
Year: 2022 M&A 1 of 1

Seller(S) 1

SELLER

SFW Capital Partners

Rye, New York, United States

Category Private Equity Firm
Founded 2007
PE ASSETS 950M USD
Size Middle-Market
Type Sector Agnostic
DESCRIPTION

SFW Capital Partners is a private equity firm that seeks investments in U.S.-based, lower middle market companies that provide analytical tools or related outsourced analytical services. Specific areas of interest include test, measurement, and control instruments, as well as analytical software and information services. SFW primarily seeks control positions where the firm can commit $25 to $100 million per transaction. SFW Capital Partners was formed in 2007 and is based in Rye, New York.


DEAL STATS #
Overall 11 of 13
Sector: Business Services M&A 1 of 1
Type: Add-on Acquisition M&A Deals 6 of 7
State: California M&A 2 of 2
Country: United States M&A 11 of 13
Year: 2022 M&A 1 of 2
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2022-08-10 Sannova Analytical

Somerset, New Jersey, United States

Sannova Analytical is a contract research organization that provides bioanalytical and chemistry manufacturing and controls testing services to biopharmaceutical and biotech companies for both small and large molecules. Sannova Analytical was founded in 2006 and is based in Somerset, New Jersey.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2022-10-04 Greenshades Software

Jacksonville, Florida, United States

Greenshades Software is a provider of the payroll tax and human capital management (“HCM”) information and software solutions with deep integrations into leading mid-market ERP platforms such as the Microsoft Dynamics portfolio of products, amongst many others. Greenshades Software was founded in 2002 and is based in Jacksonville, Florida.

Sell -