M&A Deal Summary

SAES Getters Acquires Memry

On June 25, 2008, SAES Getters acquired manufacturer Memry from Ironwood Capital and Brookside Equity Partners for 77M USD

Acquisition Highlights
  • This is SAES Getters’ 1st transaction in the Manufacturing sector.
  • This is SAES Getters’ largest (disclosed) transaction.
  • This is SAES Getters’ 2nd transaction in the United States.
  • This is SAES Getters’ 1st transaction in Connecticut.
Investment Fate
  • Memry was divested to a consortium of strategic buyers in 2023.

M&A Deal Summary
Date 2008-06-25
Target Memry
Sector Manufacturing
Buyer(s) SAES Getters
Sellers(s) Ironwood Capital
Brookside Equity Partners
Deal Type Add-on Acquisition
Deal Value 77M USD
Advisor(s) Covington Associates (Financial)

Target

Memry

Bethel, Connecticut, United States
Memry provides design, engineering, development, and manufacturing services to the medical device and other industries using the Company's proprietary shape memory alloy technologies. Memry was founded in 1981 and is based in Bethel, Connecticut.

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Buyer(S) 1

Buyer

SAES Getters

Milan, Italy
Category Company
Sector Manufacturing
DESCRIPTION

SAES Getters SpA is an Italy-based company primarily engaged in the production of getters and metal dispensers.

DEAL STATS #
Overall 2 of 2
Sector (Manufacturing) 1 of 1
Type (Add-on Acquisition) 2 of 2
State (Connecticut) 1 of 1
Country (United States) 2 of 2
Year (2008) 2 of 2
Size (of disclosed) 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2008-02-25 Spectra-Mat

Watsonville, California, United States

Spectra-Mat, Inc. is a manufacturer of electron emission and controlled expansion thermal management material solutions for microelectronics.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2018-06-06 SAES Getters - SAES Pure Gas Business

Milan, Italy

SAES Getters SpA - SAES Pure Gas Business is a provider of high-capacity gas purification systems used in semiconductor manufacturing and adjacent markets.

Sell $355M

Seller(S) 2

SELLER

Ironwood Capital

Avon, Connecticut, United States

Investor Investor Investor Investor Investor

Category Growth Capital Firm
Founded 1986
PE ASSETS 1.0B USD
Size Middle-Market
Type Sector Agnostic
DESCRIPTION

Ironwood Capital is a private investment firm that makes equity and subordinated debt investments in lower middle-market companies. Investment proceeds are generally used to support leveraged buyouts, growth financings, and recapitalizations. Investments typically range from $5 to $20 million in companies generating $20 to $200 million in annual sales. Target sectors include healthcare products/services, value-added manufacturing, business services, consumer products, specialty distribution, and education. Ironwood prefers opportunities East of the Mississippi, but will selectively consider investments in the Western US. The Firm's investment horizon is three to five years. Ironwood Capital was formed in 2002 and is based in Avon, Connecticut.

DEAL STATS #
Overall 2 of 52
Sector (Manufacturing) 1 of 8
Type (Add-on Acquisition) 2 of 32
State (Connecticut) 1 of 14
Country (United States) 2 of 52
Year (2008) 1 of 1
Size (of disclosed) 4 of 7
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2008-05-01 The Roberts Company

Winterville, North Carolina, United States

The Roberts Company, Inc. is an industrial construction, fabricator, and plant maintenance contractor. TRC's field services division specializes in providing plant maintenance, plant retrofits and expansion services largely in the Mid-Atlantic region, while its fabrication division manufactures ASME code pressure vessels, heat exchangers, reactors, columns, conveyors, skids/ducts/piping, high purity equipment and storage tanks for customers in the United States and abroad.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2008-12-01 Whitcraft

Eastford, Connecticut, United States

Whitcraft is a manufacturer of high quality, precision formed, machined and fabricated metal parts for the U.S. aerospace industry. The Company manufactures new and replacement jet engine and helicopter parts for large engine manufacturers serving both the commercial and military aircraft market. Whitcraft was founded in 1960 and is based in Eastford, Connecticut.

Buy $25M
SELLER

Brookside Equity Partners

Stamford, Connecticut, United States

Investor Investor Investor Investor Investor

Category Private Equity Firm
Founded 1977
Size Middle-Market
Type Sector Agnostic
DESCRIPTION

Brookside Equity Partners (BEP) focuses on private equity investments, including direct control investments, majority or minority co-investments alongside other investment firms, and, on a selective basis, investments in private funds or special situations. BEP targets North American middle-market companies with revenues greater than $15 million and at least $5 million of EBITDA. Sectors of interest include manufacturing, chemicals, financial services, environmental, food, and distribution. Brookside Equity Partners was formed in 1977 and is based in Stamford, Connecticut.

DEAL STATS #
Overall 5 of 28
Sector (Manufacturing) 1 of 1
Type (Add-on Acquisition) 1 of 8
State (Connecticut) 1 of 1
Country (United States) 5 of 28
Year (2008) 1 of 1
Size (of disclosed) 4 of 4
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2008-04-30 Yellowstone Landscape

Plano, Texas, United States

Yellowstone Landscape is a provider of a variety of landscaping services to commercial, governmental and institutional customers located in the Southeastern United States and Texas.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2008-10-22 Driven Brands

Charlotte, North Carolina, United States

Driven Brands is a parent company of automotive aftermarket brands across four distinct verticals: Repair & Maintenance, housing Meineke Car Care Centers; Paint & Collision, housing Maaco, CARSTAR, and ABRA; Distribution, housing 1-800-Radiator & A/C and Spire Supply; and Quick Lube, housing Take 5 Oil Change. Driven Brands was incorporated in 1972 and is based in Charlotte, North Carolina.

Buy -
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