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New Deal


Announced

Artemis Capital-backed McDanel Advanced Material Technologies to acquire Rayotek Scientific.

Financials

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Transaction Value-
Consideration TypeCash
Capital Owned-
Capital Bid For100%
EV/Sales-
EV/EBITDA-
Share Price Premium-
One Off Charge-

Tags

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material processing

United States

engineering services

Diversified Industrials

Acquisition

Domestic

Majority

Private

Private Equity

Pending

Friendly

Single Bidder

Synopsis

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Artemis Capital-backed McDanel Advanced Material Technologies, a developer and manufacturer of ceramic tubes and components, agreed to acquire Rayotek Scientific, a provider of engineering, molding, slumping, polishing, brazing, sealing, grinding and glass water jet cutting services. Financial terms were not disclosed. "We are very excited to be partnering with the Rayotek Team. Our organizations complement each other in a variety of ways. From shared core values, customer-driven approach, and passion for solving complex material science challenges - we are excited about Rayotek's bright future and look forward to building upon the strengths of a combined organization and team," Michael Ingram, McDanel President and COO.

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