Add-on Acquisition • Medical Products

King Tester Acquires Cianflone Scientific

On November 30, 2019, King Tester acquired medical products company Cianflone Scientific from Main Line Equity Partners

Acquisition Context
  • This is King Tester’s 1st transaction in the Medical Products sector.
  • This is King Tester’s 1st transaction in the United States.
  • This is King Tester’s 1st transaction in Pennsylvania.

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M&A Deal Summary

Date November 30, 2019
Target Cianflone Scientific
Sector Medical Products
Buyer(s) King Tester
Sellers(s) Main Line Equity Partners
Deal Type Add-on Acquisition

Target Company

Cianflone Scientific

Pittsburgh, Pennsylvania, United States
Cianflone Scientific is a manufacturer of portable x-ray spectrographic instrumentation for on-site chemical analysis and coating thickness measurements, and related laboratory sample preparation equipment. Cianflone Scientific was founded in 1984 and is based in Pittsburgh, Pennsylvania.
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Buyer Overview 1

Buyer

King Tester

Phoenixville, Pennsylvania, United States

Category Company
Founded 1936
Sector Manufacturing
DESCRIPTION

King Tester is a manufacturer and distributor of metallurgical equipment, specializing in ruggedly designed portable Brinell testers and related accessories. King Tester was founded in 1936 and is based in Phoenixville, Pennsylvania.


Deal Context for Buyer #
Overall 1 of 1
Sector: Medical Products 1 of 1
Type: Add-on Acquisition 1 of 1
State: Pennsylvania 1 of 1
Country: United States 1 of 1
Year: 2019 1 of 1

Seller Profile 1

DESCRIPTION

Main Line Equity Partners is a private investment firm that looks to provide equity and mezzanine capital to support the growing needs of small companies with Min $25 million in revenue. Main Line prefers profitable companies located in the Eastern US and looks to invest $500K to $5 million per transaction. Sectors of interest include software, engineering, healthcare, life science, manufacturing, and real estate. The Firm will consider both minority and control positions. Main Line Equity Partners was formed in 2005 and is headquartered in Ardmore, Pennsylvania.


Deal Context for Seller #
Overall 3 of 3
Sector: Medical Products 3 of 3
Type: Add-on Acquisition 3 of 3
State: Pennsylvania 1 of 1
Country: United States 3 of 3
Year: 2019 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2018-12-10 IMPACT Recycling Partners

Philadelphia, Pennsylvania, United States

IMPACT Recycling Partners is a company that focuses on optimizing waste and recycling programs for organizations, helping them become more environmentally responsible. This includes handling materials like cardboard, plastic, and metal, and specializing in product dismantling & E-Waste. IMPACT Recycling Partners was founded in 1965 and is based in Philadelphia, Pennsylvania.

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