M&A Deal Summary

Micross Components Acquires KCB Solutions

On January 4, 2023, Micross Components acquired semiconductors company KCB Solutions from Artemis Capital Partners

Acquisition Highlights
  • This is Micross Components’ 7th transaction in the Semiconductors sector.
  • This is Micross Components’ 7th transaction in the United States.
  • This is Micross Components’ 1st transaction in Massachusetts.

M&A Deal Summary
Date 2023-01-04
Target KCB Solutions
Sector Semiconductors
Buyer(s) Micross Components
Sellers(s) Artemis Capital Partners
Deal Type Add-on Acquisition

Target

KCB Solutions

Shirley, Massachusetts, United States
KCB Solutions is a provider of Radio Frequency (“RF”) and microwave surface mount microelectronic components to address a growing need in the military, aerospace, and commercial markets. KCB Solutions was founded in 2003 and is based in Shirley, Massachusetts.

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Buyer(S) 1

Buyer

Micross Components

Orlando, Florida, United States
Category Company
Founded 1998
Sector Aerospace
DESCRIPTION

Micross Components serves the aerospace, defense, space, medical, and industrial markets, among others. The company offers an industry-leading portfolio of high-reliability components and services that include advanced component testing, qualification services, packaging services, standard wafer bumping, advanced wafer-level packaging services, and 3D integration. Micross has longstanding relationships with blue-chip customers in each of its end markets and more than 30 of the world's leading semiconductor manufacturers.

DEAL STATS #
Overall 9 of 11
Sector (Semiconductors) 7 of 9
Type (Add-on Acquisition) 7 of 8
State (Massachusetts) 1 of 1
Country (United States) 7 of 8
Year (2023) 1 of 3
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2022-05-17 Paal Technologies

Sunrise, Florida, United States

Paal Technologies provides a full range of MIL-STD-1553 data bus components and RF transformers for signal processing applications to the Defense Industry. The company's high reliability products are used by industry leaders, including Boeing, Northrop Grumman, Lockheed Martin and United Launch Alliance. With a proven track record of on-time delivery and unparalleled quality, Paal has established itself as a valued supplier of products to the MIL/Aerospace industry for its most demanding applications. Paal Technologies is based in Sunrise, Florida.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2023-01-10 Infineon Technologies - HiRel DC-DC Converter Business

San Jose, California, United States

Infineon Technologies' HiRel DC-DC Converter Business provides high-reliability DC-DC converters, including hybrid and custom board based power products for space, strategic defense, aerospace, and other high-reliability customers. Infineon Technologies' HiRel DC-DC Converter Business is based in San Jose, California.

Buy -

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 5 of 6
Sector (Semiconductors) 1 of 1
Type (Add-on Acquisition) 4 of 5
State (Massachusetts) 1 of 1
Country (United States) 4 of 5
Year (2023) 1 of 2
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2022-10-17 McDanel Advanced Ceramic Technologies

Beaver Falls, Pennsylvania, United States

McDanel Advanced Ceramic Technologies is a developer and manufacturing high-performance proprietary advanced tubular ceramics and components for mission-critical applications across Semiconductor, Aerospace & Defense, Medical, Energy (especially in renewable segment), and other Diversified Industrial end-markets such as aluminum, glass and steel manufacturing and processing. McDanel Advanced Ceramic Technologies is based in Beaver Falls, Pennsylvania.

Buy -
FOLLOWING 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 -
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