M&A Deal Summary

Salem Investment Partners Acquires ClassOne Technology

On February 1, 2016, mezzanine finance firm Salem Investment Partners acquired semiconductors company ClassOne Technology

Acquisition Highlights
  • This is Salem Investment Partners’ 1st transaction in the Semiconductors sector.
  • This is Salem Investment Partners’ 33rd transaction in the United States.
  • This is Salem Investment Partners’ 1st transaction in Montana.

M&A Deal Summary
Date 2016-02-01
Target ClassOne Technology
Sector Semiconductors
Buyer(s) Salem Investment Partners
Deal Type Buyout (LBO, MBO, MBI)

Target

ClassOne Technology

Kalispell, Montana, United States
ClassOne Technology is a provider of quality refurbished equipment to the semiconductor manufacturing, MEMs, and emerging technologies markets. ClassOne Technology designs and manufactures new advanced wet-chemical process tools electroplating tools, spray solvent tools and spin rinse dryers-- especially for the cost-sensitive producers of MEMs, power devices, RF, LEDs, and phototonics, among others. ClassOne Technology was established in 2013 and is based in Kalispell, Montana.

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Buyer(S) 1

Buyer

Salem Investment Partners

Investor Investor Investor Investor Investor

Category Mezzanine Finance Firm
Founded 1999
PE ASSETS 450M USD
Size Middle-Market
Type Sector Agnostic
DESCRIPTION

Salem Investment Partners specializes in debt and equity investments in privately-held, middle-market businesses across the Southeast and Mid-Atlantic regions of the US. Salem looks to invest $2 to $10 million per transaction to help support growth, acquisitions, recapitalizations, and buyouts. Sectors of interest include business services, light manufacturing, consumer products, and distribution. Salem Investment Partners was formed in 1999 and is based in Greensboro, North Carolina.

DEAL STATS #
Overall 33 of 58
Sector (Semiconductors) 1 of 1
Type (Buyout (LBO, MBO, MBI)) 20 of 40
State (Montana) 1 of 1
Country (United States) 33 of 58
Year (2016) 3 of 10
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2016-01-25 Quality Aluminum Products

Flat Rock, Michigan, United States

Quality Aluminum Products is a manufacturer of exterior aluminum building products for new construction and remodeling within the residential and light commercial construction markets. Quality Aluminum Products was founded in 1990 and is based in Flat Rock, Michigan.

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FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2016-02-29 Catalyte

Baltimore, Maryland, United States

Catalyte is a provider of big data technology and proprietary algorithms to assemble and train software development teams and provide outsourced software development solutions to a blue-chip customer base. Catalyte was established in 2000 and is based in Baltimore, Maryland.

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