M&A Deal Summary

Ultra Clean Holdings Acquires HIS Innovations Group

On October 25, 2023, Ultra Clean Holdings acquired manufacturer HIS Innovations Group from LVL3

Acquisition Highlights
  • This is Ultra Clean Holdings’ 2nd transaction in the Manufacturing sector.
  • This is Ultra Clean Holdings’ 4th transaction in the United States.
  • This is Ultra Clean Holdings’ 1st transaction in Oregon.

M&A Deal Summary
Date 2023-10-25
Target HIS Innovations Group
Sector Manufacturing
Buyer(s) Ultra Clean Holdings
Sellers(s) LVL3
Deal Type Add-on Acquisition

Target

HIS Innovations Group

Hillsboro, Oregon, United States
HIS Innovations Group is a manufacturer and distributor of custom and off-the-shelf high vacuum (HV) and ultra-high vacuum (UHV) stainless steel components and systems used primarily in the semiconductor, aerospace and defense, government research laboratories, and other industries. In addition to HV and UHV components and systems, the company also provides outsourced stainless steel fabrication services for gas delivery systems and other complementary products. HIS Innovations Group was founded in 1979 and is based in Hillsboro, Oregon.

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Buyer(S) 1

Buyer

Ultra Clean Holdings

Hayward, California, United States
Category Company
Founded 1991
Sector Semiconductors
Employees6,130
Revenue 1.7B USD (2023)
DESCRIPTION

Ultra Clean Holdings is a developer and supplier of critical subsystems for the semiconductor capital equipment, medical device, energy, research, and flat panel industries. Ultra Clean Holdings was founded in 1991 and is based in Hayward, California.

DEAL STATS #
Overall 5 of 5
Sector (Manufacturing) 2 of 2
Type (Add-on Acquisition) 5 of 5
State (Oregon) 1 of 1
Country (United States) 4 of 4
Year (2023) 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2020-12-16 Ham-Let

Nazareth Illit, Israel

Ham-Let (Israel-Canada) Ltd. engages in the development, manufacturing, and distribution of Ultra-High Purity and industrial flow control systems – valves, fittings, hoses, and connectors largely used for the manufacturing of today's most complex semiconductor devices.

Buy $348M

Seller(S) 1

SELLER

LVL3

Category Private Equity Firm
Founded 2018
Size Small
Type Sector Focused
DESCRIPTION

LVL3 is a private equity group that partners with and acquires companies with operational inefficiencies. The Firm seeks to execute on strategic growth initiatives, and enhance back end valuation as it improves operations and creates value. LVL3 is based in Portland, Oregon.

DEAL STATS #
Overall 1 of 1
Sector (Manufacturing) 1 of 1
Type (Add-on Acquisition) 1 of 1
State (Oregon) 1 of 1
Country (United States) 1 of 1
Year (2023) 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2019-01-08 HIS Innovations Group

Hillsboro, Oregon, United States

HIS Innovations Group is a manufacturer and distributor of custom and off-the-shelf high vacuum (HV) and ultra-high vacuum (UHV) stainless steel components and systems used primarily in the semiconductor, aerospace and defense, government research laboratories, and other industries. In addition to HV and UHV components and systems, the company also provides outsourced stainless steel fabrication services for gas delivery systems and other complementary products. HIS Innovations Group was founded in 1979 and is based in Hillsboro, Oregon.

Buy -
Mergr

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