M&A Deal Summary

Tempo Automation Acquires Advanced Circuits

On October 14, 2021, Tempo Automation acquired technology hardware company Advanced Circuits from Compass Diversified for 310M USD

Acquisition Highlights
  • This is Tempo Automation’s 1st transaction in the Technology Hardware sector.
  • This is Tempo Automation’s largest (disclosed) transaction.
  • This is Tempo Automation’s 1st transaction in the United States.
  • This is Tempo Automation’s 1st transaction in California.
Investment Fate
  • Advanced Circuits merged with another company in 2023.

M&A Deal Summary

Date 2021-10-14
Target Advanced Circuits
Sector Technology Hardware
Buyer(s) Tempo Automation
Sellers(s) Compass Diversified
Deal Type Add-on Acquisition
Deal Value 310M USD

Target

Advanced Circuits

Aurora, California, United States
Advanced Circuits is a manufacturer of quick-turn, prototype, and production rigid printed circuit boards (“PCBs”). Customers include research and development professionals at OEMs and academic institutions in the United States and Canada. Advanced Circuits was established in 1989 and is based in Aurora, Colorado.

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Buyer(S) 1

Buyer

Tempo Automation

San Francisco, California, United States

Category Company
Sector Technology Hardware
Employees74
Revenue 12M USD (2022)
DESCRIPTION

Tempo Automation is a software-accelerated electronics manufacturer, transforming the way top companies innovate and bring new products to market. Tempo’s unique automated manufacturing platform optimizes the complex process of printed circuit board manufacturing to deliver unmatched quality, speed, and agility. The platform’s all-digital process automation, data-driven intelligence, and connected smart factory create a distinctive competitive advantage for customers to deliver tomorrow’s products today. From rockets to robots, autonomous cars to drones, many of the fastest-moving companies in industrial tech, medical technology, space, and other industries partner with Tempo to accelerate innovation and set a new tempo for progress. Tempo Automation is based in San Francisco, California.


DEAL STATS #
Overall 1 of 1
Sector: Technology Hardware M&A 1 of 1
Type: Add-on Acquisition M&A Deals 1 of 1
State: California M&A 1 of 1
Country: United States M&A 1 of 1
Year: 2021 M&A 1 of 1
Size (of disclosed) 1 of 1
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2023-01-01 Advanced Circuits

Aurora, California, United States

Advanced Circuits is a manufacturer of quick-turn, prototype, and production rigid printed circuit boards (“PCBs”). Customers include research and development professionals at OEMs and academic institutions in the United States and Canada. Advanced Circuits was established in 1989 and is based in Aurora, Colorado.

Sell -

Seller(S) 1

SELLER

Compass Diversified

Westport, Connecticut, United States

Investor Investor Investor Investor Investor


Category Private Equity Firm
Founded 1998
PE ASSETS 3.3B USD
Size Large
Type Sector Agnostic
DESCRIPTION

Compass Diversified is a holding company focused on acquiring controlling interests in profitable small to middle-market businesses in attractive niche industries. Compass generally looks for US-based companies with proven management in place, low technological and/or product obsolescence risk, diverse customers, and EBITDA of at least $10 million. Compass Diversified was founded in 1998 and is headquartered in Westport, Connecticut.


DEAL STATS #
Overall 14 of 16
Sector: Technology Hardware M&A 1 of 1
Type: Add-on Acquisition M&A Deals 7 of 7
State: California M&A 3 of 4
Country: United States M&A 13 of 15
Year: 2021 M&A 2 of 2
Size (of disclosed) 5 of 9
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
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Newport Beach, California, United States

Lugano Diamonds & Jewelry designs and retails high-jewellery pieces and custom jewellery, focusing on rare gems, intricate craftsmanship and luxury retail experiences. The Company serves an affluent international client base through boutiques in major cities and private-client appointments. Lugano Diamonds & Jewelry was established in 2004 and is based in Newport Beach, California.

Buy $256M
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2022-06-06 PrimaLoft

Latham, New York, United States

PrimaLoft develops and markets synthetic insulation materials, fabrics, and yarns used in outerwear, footwear, bedding, and technical textile applications. The Company designs performance solutions with attributes such as thermal insulation, lightweight comfort, and water resistance, and serves customers in outdoor, fashion, home-goods and industrial markets. PrimaLoft was founded in 1983 and is based in Latham, New York.

Buy $530M