Divestiture • Manufacturing

LongRange Capital Acquires US Synthetic

On February 25, 2025, private equity firm LongRange Capital acquired manufacturer US Synthetic from ChampionX

Acquisition Context
  • This is LongRange Capital’s 1st transaction in the Manufacturing sector.
  • This is LongRange Capital’s 2nd transaction in the United States.
  • This is LongRange Capital’s 1st transaction in Utah.

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M&A Deal Summary

Date February 25, 2025
Target US Synthetic
Sector Manufacturing
Buyer(s) LongRange Capital
Sellers(s) ChampionX
Deal Type Divestiture

Target Company

US Synthetic

Orem, Utah, United States
US Synthetic is an independent manufacturer of synthetic diamonds used in oil and gas drill bits. US Synthetic was founded in 1978 and is based in Orem, Utah.
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Buyer Overview 1

DESCRIPTION

Long Range Capital is a private equity firm focused on middle-market companies headquartered in Europe or North America. Sectors of interest include food service, consumer products, packaging, information services, and industrial technology. The Firm seeks to invest $50 to $400 million in companies with minimum revenue of $200 million. Prospective transaction situations include divestitures, family owned businesses, restructurings, joint ventures, and underperforming companies. Long Range Capital was founded in 2019 and is based in Stamford, Connecticut.


Deal Context for Buyer #
Overall 2 of 2
Sector: Manufacturing 1 of 1
Type: Divestiture 2 of 2
State: Utah 1 of 1
Country: United States 2 of 2
Year: 2025 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2023-02-01 Batesville

Batesville, Indiana, United States

Batesville is a death care company that offers a comprehensive portfolio of burial and cremation products, memorialization options, and innovative technology solutions. For more than a century, it has supported licensed funeral professionals in helping families honor the lives of those they love. Batesville is based in Batesville, Indiana.

Buy -

Seller Profile 1

SELLER

ChampionX

The Woodlands, Texas, United States

Category Company
Founded 1882
Sector Energy Services and Equipment
Revenue 3.8B USD (2022)
DESCRIPTION

ChampionX is a provider of engineered equipment and technologies that help companies drill for and produce oil and gas safely and efficiently around the world. The company's products provide efficient functioning throughout the lifecycle of a well - from drilling to completion to production. ChampionX was incorporated in 1882 and is based in The Woodlands, Texas.


Deal Context for Seller #
Overall 1 of 1
Sector: Manufacturing 1 of 1
Type: Divestiture 1 of 1
State: Utah 1 of 1
Country: United States 1 of 1
Year: 2025 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2024-03-22 RMSpumptools

Aberdeen, United Kingdom

RMSpumptools designs and manufactures highly engineered mechanical and electrical solutions for complex artificial lift applications. RMSpumptools is based in Aberdeen, Scotland.

Buy $110M