M&A Deal Summary

Odyssey Investment Partners Acquires CPI

On July 5, 2017, private equity firm Odyssey Investment Partners acquired test/measurement equipment company CPI from Comtech

Acquisition Highlights
  • This is Odyssey Investment Partners’ 2nd transaction in the Test/Measurement Equipment sector.
  • This is Odyssey Investment Partners’ 37th transaction in the United States.
  • This is Odyssey Investment Partners’ 7th transaction in California.

M&A Deal Summary
Date 2017-07-05
Target CPI
Sector Test/Measurement Equipment
Buyer(s) Odyssey Investment Partners
Sellers(s) Comtech
Deal Type Divestiture
Advisor(s) Goldman Sachs (Financial)
Skadden, Arps, Slate, Meagher & Flom (Legal)

Target

CPI

Santa Rosa, California, United States
CPI is a direct marketer, designer and manufacturer of innovative OEM and end-user solutions in analytical science and technology. The company manufactures a range of technical analytical instrument components, high-purity standard solutions and reagents and other analytical testing products for the environmental, petrochemical, pharmaceutical, biotechnology and semiconductor industries. CPI’s worldwide customers include IBM, Intel, Pfizer, Merck, Bayer, US Filter, Safety Kleen, Chevron, Ashland Chemical, Dupont and BASF as well as numerous federal, state, academic and private laboratories. Direct sales and marketing are conducted worldwide, from offices in the United States, Canada, Europe and Japan.

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Buyer(S) 1

Buyer

Odyssey Investment Partners

New York, New York, United States

Investor Investor Investor Investor Investor

Category Private Equity Firm
Founded 1997
PE ASSETS 8.2B USD
Size Mega
Type Sector Agnostic
DESCRIPTION

Odyssey Investments is a private equity firm that seeks control/majority investments in middle-market companies. Odyssey looks to back existing management and make investments in the form of leveraged acquisitions, growth financings and recapitalizations. Sectors of interest include industrial manufacturing, business and financial services, aerospace products and services, and 'route-based services'. Odyssey Investment Partners is based in New York City with an additional office in Woodland Hills, California.

DEAL STATS #
Overall 40 of 52
Sector (Test/Measurement Equipment) 2 of 3
Type (Divestiture) 5 of 6
State (California) 7 of 8
Country (United States) 37 of 49
Year (2017) 1 of 2
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2017-06-16 Duravant

Downers Grove, Illinois, United States

Duravant is a provider of highly engineered automation equipment and related aftermarket solutions for packaging, material handling, and food processing applications. Duravant designs and assembles mission-critical equipment, including form-fill-seal machines, robotic palletizers, conveyors, and thermal processors, primarily serving the food and beverage, e-commerce, distribution, and agriculture end-markets. Duravant is based in Downers Grove, Illinois.

Sell -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2017-11-14 TrialCard

Morrisville, North Carolina, United States

TrialCard is a provider of patient access and medication adherence support services on behalf of pharmaceutical manufacturers. TrialCard was founded in 2001 and is based in Morrisville, North Carolina.

Buy -

Seller(S) 1

SELLER

Comtech

Melville, New York, United States
Category Company
Founded 1967
Sector Technology Hardware
Employees1,718
Revenue 550M USD (2023)
DESCRIPTION

Comtech is a designer, developer, producer, and marketer of products, systems, and services for communications solutions in the United States and internationally. Comtech was incorporated in 1967 and is based in Melville, New York.

DEAL STATS #
Overall 1 of 2
Sector (Test/Measurement Equipment) 1 of 1
Type (Divestiture) 1 of 2
State (California) 1 of 1
Country (United States) 1 of 2
Year (2017) 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2015-11-23 Telecommunication Systems

Annapolis, Maryland, United States

Telecommunication Systems, Inc. is a provider of IT services to secure and highly reliable wireless communications.

Buy $431M
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2019-01-08 Solacom Technologies

Gatineau, Quebec, Canada

Solacom Technologies, Inc. provides the most flexible, user-centric voice, data, and video emergency call management solutions for public safety answering points (PSAPs). All our solutions are engineered and purpose-built to provide complete call management and control for any emergency call, from any device, at any time, from anywhere, and in any format voice, data, and video.

Buy $33M
Mergr

Product

Company

Legal