M&A Deal Summary

US Filter Acquires Insync Systems

On May 1, 1999, US Filter acquired manufacturer Insync Systems from Summit Partners

Acquisition Highlights
  • This is US Filter’s 1st transaction in the Manufacturing sector.
  • This is US Filter’s 1st transaction in the United States.
  • This is US Filter’s 1st transaction in California.

M&A Deal Summary

Date 1999-05-01
Target Insync Systems
Sector Manufacturing
Buyer(s) US Filter
Sellers(s) Summit Partners
Deal Type Add-on Acquisition

Target

Insync Systems

Palm Desert, California, United States
Insync Systems, Inc. designs, manufactures and markets ultra clean gas control systems and gas system subassemblies to semiconductor equipment manufacturers.

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Buyer(S) 1

Buyer

US Filter

Snellville, Georgia, United States

Category Company
Sector Business Services
DESCRIPTION

United States Filter Corporation provides industrial, municipal, commercial, and consumer water and wastewater treatment systems, products, and services.


DEAL STATS #
Overall 1 of 1
Sector: Manufacturing 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: 1999 M&A 1 of 1

Seller(S) 1

SELLER

Summit Partners

Boston, Massachusetts, United States

Investor Investor Investor Investor Investor


Category Growth Capital Firm
Founded 1984
PE ASSETS 39.0B USD
Size Mega
Type Sector Agnostic
DESCRIPTION

Summit Partners is a private investment and asset management firm focused on venture, growth, credit, and public equity investing. Sectors of interest include business services, communications technology and services, consumer products, energy, financial services, healthcare and life sciences, industrial products, internet/information services, media/entertainment, semiconductors, electronics, and software. Summit Partners is known for having a proactive business development group for sourcing transactions. Summit will consider both minority or majority investment stakes and is willing to commit as little as $10 million or as much as $500 million in combined debt/junior capital per transaction. The Firm's geographic coverage spans North America and Europe. Summit Partners was formed in 1984 and is headquartered in Boston, Massachusetts.


DEAL STATS #
Overall 52 of 295
Sector: Manufacturing M&A 1 of 2
Type: Add-on Acquisition M&A Deals 9 of 132
State: California M&A 16 of 64
Country: United States M&A 50 of 255
Year: 1999 M&A 3 of 13
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
1999-04-30 EMED Co.

Williamsville, New York, United States

EMED is a direct marketer and manufacturer of safety signage and related products to industrial, government, and other commercial customers.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
1999-05-10 Somero Enterprises

Fort Myers, Florida, United States

Somero Enterprises is a manufacturer of technologically advanced concrete placing equipment and associated machinery. Somero Enterprises was founded in 1985 and is based in Fort Myers, Florida.

Sell -