M&A Deal Summary

Quad-C Management Acquires QED Technologies

On January 20, 2023, private equity firm Quad-C Management acquired manufacturer QED Technologies from CMC Materials

Acquisition Highlights
  • This is Quad-C Management’s 5th transaction in the Manufacturing sector.
  • This is Quad-C Management’s 56th transaction in the United States.
  • This is Quad-C Management’s 3rd transaction in New York.

M&A Deal Summary

Date 2023-01-20
Target QED Technologies
Sector Manufacturing
Buyer(s) Quad-C Management
Sellers(s) CMC Materials
Deal Type Divestiture

Target

QED Technologies

Rochester, New York, United States
QED Technologies serves the global precision optics industry with solutions for high-performance polishing and metrology on the most demanding surfaces and materials. QED systems are utilized by the smallest to largest manufacturers supplying the semiconductor, military, space, R&D, imaging, and other industries. Its contract manufacturing group, QED Optics, is the industry’s go-to resource for a combination of large, challenging, or highly precise optical components that most other manufacturers cannot produce. QED Technologies was formed in 1996 and is based in Rochester, New York.

Search 214,238 Deals Now

SEARCH BY

  • Buyer Type (PE or Strategic)
  • Deal Size ($10M to $10B+)
  • Sector (60 Sectors)
  • Deal Type
  • Geography
  • & More

Try Free

Buyer(S) 1

Buyer

Quad-C Management

Charlottesville, Virginia, United States

Investor Investor Investor Investor Investor


Category Private Equity Firm
Founded 1989
PE ASSETS 4.0B USD
Size Large
Type Sector Agnostic
DESCRIPTION

Quad-C Management is a generalist private equity firm that makes control investments in middle-market companies operating in a wide range of industries. Target sector's include building products, business-to-business services, consumer products, distribution/logistics, equipment rental, financial services, healthcare, light manufacturing, packaging, restaurants, security, and specialty chemicals. Quad-C's target investment size is $50 to $150 million in businesses valued between $100 and $500 million and with EBITDA greater than $10 million. Prospective transaction types include recapitalizations/family successions, management buyouts, and industry consolidations. Quad-C Management was founded in 1989 and is headquartered in Charlottesville, Virginia.


DEAL STATS #
Overall 60 of 64
Sector: Manufacturing M&A 5 of 5
Type: Divestiture M&A Deals 3 of 3
State: New York M&A 3 of 3
Country: United States M&A 56 of 60
Year: 2023 M&A 1 of 3
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2022-11-02 S.i. Systems

Calgary, Alberta, Canada

S.i. Systems is an IT staffing company that uses a proprietary web-based match-making solution called MatchGuide to provide precision contract and permanent placements for IT professionals across Canada. S.i. Systems was founded in 1994 and is based in Calgary, Alberta.

Sell -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2023-04-05 Krayden

Denver, Colorado, United States

Krayden is a value-added distributor of specialty adhesives, sealants and coatings used in a broad range of applications across the aerospace, electronics, transportation and general industrial end markets. Krayden was founded in 1989 and is based in Denver, Colorado.

Sell -

Seller(S) 1

SELLER

CMC Materials

Aurora, Illinois, United States

Category Company
Founded 1999
Sector Chemicals
Employees2,100
Revenue 1.2B USD (2021)
DESCRIPTION

CMC Materials is a supplier of CMP polishing slurries and CMP pads to the semiconductor industry. The company’s products play a critical role in the production of advanced semiconductor devices, helping to enable the manufacture of smaller, faster and more complex devices by its customers. CMC Materials was founded in 1999 and is based in Aurora, Illinois.


DEAL STATS #
Overall 1 of 2
Sector: Manufacturing M&A 1 of 1
Type: Divestiture M&A Deals 1 of 2
State: New York M&A 1 of 1
Country: United States M&A 1 of 2
Year: 2023 M&A 1 of 2
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2021-04-01 ITS

Reno, Nevada, United States

ITS is a global supplier of highly engineered cleaning materials supporting the semiconductor industry. ITS products are used for advanced probe cards at parametric test & wafer sort operations (PCC), test socket applications during package test (TCC) and chuck cleaning at front- and backend tools (CCW). ITS was founded in 1999 and is based in Reno, Nevada.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2023-05-10 KMG Chemicals

Fort Worth, Texas, United States

KMG Chemicals is a provider of specialty chemicals. KMG grows by acquiring and optimizing stable chemical product lines and businesses with established production processes. Its operations are focused on the electronic chemicals and performance products markets. KMG Chemicals is based in 1992 and is based in Fort Worth, Texas.

Sell -