M&A Deal Summary

Thorlabs Acquires JML Optical

On January 16, 2023, Thorlabs acquired manufacturer JML Optical from Five Points Capital

Acquisition Highlights
  • This is Thorlabs’ 1st transaction in the Manufacturing sector.
  • This is Thorlabs’ 9th transaction in the United States.
  • This is Thorlabs’ 1st transaction in New York.

M&A Deal Summary
Date 2023-01-16
Target JML Optical
Sector Manufacturing
Buyer(s) Thorlabs
Sellers(s) Five Points Capital
Deal Type Add-on Acquisition

Target

JML Optical

Rochester, New York, United States
JML Optical is a precision-engineered custom optical solution provider that offers optical and optomechanical design, rapid prototype, glass and metal fabrication, thin-film coating, metrology, environmental testing, and full assembly for a one-stop solution. JML Optical was formed in 1972 and is based in Rochester, New York.

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Buyer(S) 1

Buyer

Thorlabs

Newton, New Jersey, United States
Category Company
Founded 1989
Sector Test/Measurement Equipment
DESCRIPTION

Thorlabs is a vertically integrated photonics products manufacturer to serve the laser and electro-optics research market. As that market has spawned a multitude of technical innovations, Thorlabs has extended its core competencies in an effort to play an ever increasing role serving the Photonics Industry at the research end, as well as the industrial, life science, medical, and defense segments.

DEAL STATS #
Overall 13 of 13
Sector (Manufacturing) 1 of 1
Type (Add-on Acquisition) 6 of 6
State (New York) 1 of 1
Country (United States) 9 of 9
Year (2023) 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2015-08-20 Vytran

Morganville, New Jersey, United States

Vytran is a supplier of innovative fiber fusion splicing and glass processing solutions for the fiber laser, sensing, medical, telecom, aerospace, and specialty fiber products markets. Vytran technologies are designed to reduce customers’ risk, speed their products to market, and lower their cost of ownership.

Buy -

Seller(S) 1

SELLER

Five Points Capital

Winston-Salem, North Carolina, United States

Investor Investor Investor Investor Investor

Category Private Equity Firm
Founded 1997
PE ASSETS 1.3B USD
Size Large
Type Sector Agnostic
DESCRIPTION

Five Points Capital makes both direct private equity and junior capital investments in US-based middle-market companies. Five Points prefers control based investments and will consider opportunities in a variety of industries. For both equity and mezzanine investments, the Firm looks to commit $5 to $25 million of capital in businesses with at least $10 million in sales and $3 million of EBITDA. Five Points Capital was formerly known as BB&T Capital Partners and re-branded in 2015. The Firm was established in 1997 and is based in Winston-Salem, North Carolina.

DEAL STATS #
Overall 52 of 58
Sector (Manufacturing) 4 of 4
Type (Add-on Acquisition) 19 of 24
State (New York) 3 of 3
Country (United States) 52 of 58
Year (2023) 1 of 4
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2023-01-06 ToxStrategies

Asheville, North Carolina, United States

ToxStrategies is a multidisciplinary scientific consulting firm specializing in toxicology, epidemiology, exposure sciences, industrial hygiene and safety, and regulatory compliance. ToxStrategies is based in Asheville, North Carolina.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2023-03-29 Hirebotics

Nashville, Tennessee, United States

Hirebotics is a cobot technology developer that designs and develops tools to improve the productivity, usability and affordability of collaborative robot systems. Hirebotics was founded in 2015 and is based in Nashville, Tennessee.

Buy -
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