We are pleased to announce that SRP Advisors, LLC initiated the transaction and acted as financial advisor to Tecomet, Inc. in connection with the acquisition of Kemac Technology, Inc. Based in Wilmington, MA, Tecomet is a leading contract manufacturing, engineering and metal fabrication technology company supplying precision engineered components and assemblies to the medical, aerospace/defense, and select industrial markets, with special emphasis on orthopedic, trauma, and spinal implants. Tecomet specializes in net shape forging, precision machining, photochemical etching, surface texturing, vacuum brazing, laser and electron beam welding, and rapid prototyping. Kemac Technology, Inc., headquartered in Azusa, CA, is a leading provider of precision photo-chemical machining services for medical, aerospace, and other markets. Kemac will complement Tecomet’s existing etching business, providing reach with its extensive customer base and depth with its added Nitinol etching, Nitinol shape-setting and stainless steel etching capabilities. Kemac’s West Coast presence will also expand Tecomet’s geographic footprint.
This transaction extends the successful track record of SRP Advisors working with leading companies in the medical device manufacturing market.
“Kemac Technology will have an immediate impact on our top and bottom lines. The company also adds hundreds of new customers and potential new business opportunities for the Tecomet team. The Kemac customers will be introduced to our multiple capabilities, including net shape forging, machining, brazing and e-beam welding, to name a few. This is definitely a case of one plus one equaling three.”
CFO and Executive Vice President
For more information about this transaction or the merger and acquisition advisory services of SRP Advisors, LLC, please contact Sean Prendergast, Managing Partner at 818-936-2511.
About Tecomet, Inc.
Tecomet, Inc. is a leading contract manufacturing, engineering and metal fabrication technology company based in Wilmington, Massachusetts. The Company specializes in net shape forging, precision machining, photochemical etching, surface texturing, vacuum brazing, laser and electron beam welding, and rapid prototyping. Tecomet is ISO13485, ISO9001, and AS9100 certified and has over 45 years of experience supplying precision engineered components and assemblies to the medical, aerospace/defense, and commercial/industrial markets, with special emphasis on orthopedic, trauma, and spinal implants. Tecomet operates from facilities located in Wilmington, MA; Woburn, MA; and now Azusa, CA. Tecomet, Inc. is a portfolio company of Charlesbank Capital Partners.
About Kemac Technology, Inc.
Kemac Technology, Inc., headquartered in Azusa, CA, is a leading provider of precision photo-chemical machining services for medical, aerospace, telecom, and industrial markets. Kemac has the capability to produce ultra thin, high definition components using a variety of metals including exotic metals such as Nitinol, Titanium, Molybdenum and Cobalt-Chrome. Kemac routinely handles quick-turn prototypes as well as high volume manufacturing with thickness from 0.0001 inch up to 0.060 inch.
About SRP Advisors, LLC
SRP Advisors, LLC provides merger and acquisition advisory services to both buyers and sellers of middle market companies. SRP Advisors works with owners of private companies across all industry segments who might be interested in exploring alternatives for their company such as a full or partial sale of the business, an investment in the business from a private equity group, or a transition of ownership to management or the next generation of family. SRP Advisors also provides strategic acquisition advisory services for public, private and private equity sponsored companies looking to grow their business through mergers and acquisitions. Contact Sean Prendergast, Managing Partner at 818-936-2511.