M&A Deal Summary

Teledyne Scientific & Imaging Acquires Judson Technologies

On December 24, 2007, Teledyne Scientific & Imaging acquired test/measurement equipment company Judson Technologies from Keystone Capital

Acquisition Highlights
  • This is Teledyne Scientific & Imaging’s 1st transaction in the Test/Measurement Equipment sector.
  • This is Teledyne Scientific & Imaging’s 1st transaction in the United States.
  • This is Teledyne Scientific & Imaging’s 1st transaction in Pennsylvania.

M&A Deal Summary

Date 2007-12-24
Target Judson Technologies
Sector Test/Measurement Equipment
Buyer(s) Teledyne Scientific & Imaging
Sellers(s) Keystone Capital
Deal Type Add-on Acquisition

Target

Judson Technologies

Montgomeryville, Pennsylvania, United States
Judson Technologies LLC is a manufacturer of high performance infrared detectors, sensors and related cooling packages and electronics for military, space satellite, telecommunication, industrial process control, and medical applications.

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Buyer(S) 1

Buyer

Teledyne Scientific & Imaging

Thousand Oaks, California, United States

Category Company
Sector Electronics
DESCRIPTION

Teledyne Scientific & Imaging is composed of two business units: Teledyne Scientific Company and Teledyne Imaging Sensors. Teledyne Scientific Company (TSC) is focused on edge R&D and niche products. The Electronics Division develops high speed electronics, MEMS sensors and actuators, and compound semiconductors. Teledyne Imaging Sensors (TIS) is primarily engaged in the design, development and production of high performance infrared and visible sensor subsystems used in space missions, long range terrestrial surveillance and targeting and astronomy applications.


DEAL STATS #
Overall 1 of 4
Sector (Test/Measurement Equipment) 1 of 1
Type (Add-on Acquisition) 1 of 3
State (Pennsylvania) 1 of 1
Country (United States) 1 of 4
Year (2007) 1 of 1
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2010-03-02 Optical Alchemy

Nashua, New Hampshire, United States

Optical Alchemy, Inc. is a designer and manufacturer of ultra-light electro optical gimbal systems.

Buy -

Seller(S) 1

SELLER

Keystone Capital

Chicago, Illinois, United States

Investor Investor Investor Investor Investor


Category Private Equity Firm
Founded 1994
PE ASSETS 420M USD
Size Middle-Market
Type Sector Agnostic
DESCRIPTION

Keystone Capital is a private equity firm focused on acquiring family businesses, corporate divestitures, industry consolidations, and special situations. Keystone prefers lower middle-market, US-based businesses with EBITDA of $3 to $15 million. Target sectors include specialty manufacturing, business services/outsourcing, food processing and ingredients, publishing, instrumentation, optical components, and healthcare products/services. Keystone will not invest in start-ups, turnarounds, commodities, defense/government contractors, retail stores, or restaurants. Keystone Capital was formed in 1994 and is based in Chicago, Illinois.


DEAL STATS #
Overall 3 of 24
Sector (Test/Measurement Equipment) 1 of 1
Type (Add-on Acquisition) 3 of 13
State (Pennsylvania) 1 of 3
Country (United States) 3 of 24
Year (2007) 2 of 2
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2007-07-25 Polymicro Technologies

Phoenix, Arizona, United States

Polymicro Technologies, Inc. is a manufacturer of glass capillary tubing, specialty optical fiber, related assemblies and precision glass pieces primarily used in analytical instrument, medical and telecommunication applications.

Sell -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2008-10-01 Craft Cast

Jackson, Wisconsin, United States

Craft Cast Co., Inc. is a full-service supplier of investment castings using a variety of ferrous and non-ferrous alloys. Craft Cast offers complete engineering support to its network of blue-chip customers, as well as value-added machining and assembly services.

Buy -