Bolder Capital Sells Amptek to AMETEK
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Bolder Capital Sells Amptek to AMETEK

amptek nf1Bolder Capital has sold its portfolio company, Amptek – a manufacturer of X-Ray detectors – to AMETEK, a NYSE traded industrial company.  Bolder Capital acquired Amptek in April 2012.

Amptek is a high-technology company that manufactures x-ray detectors that identify the composition of a variety of materials.  Amptek’s x-ray detectors are typically used in lab instrumentation, nuclear and spaceflight applications, and homeland security applications.  Amptek has approximately $30 million in annual revenue.  The company was founded in 1977 and is headquartered in Bedford, MA (www.amptek.com).

AMETEK is a global manufacturer of electronic instruments and electromechanical devices with 2013 sales of $3.6 billion.  The company consists of two operating groups: Electronic Instruments and Electromechanical Products.  The Electronic Instruments division is a manufacturer of advanced monitoring, testing, calibration, and display instruments for process, aerospace, power and industrial markets worldwide. The company is based in Chicago (www.ametek.com).

Amptek will be merged into AMETEK as a unit of its Materials Analysis Division within AMETEK’s Electronic Instruments division.  “Amptek is an excellent addition to our materials analysis businesses. Its products and technology nicely complement our existing materials analysis capabilities. They also expand our presence into a number of attractive market segments including bench top and life sciences applications,” said Frank Hermance, AMETEK Chairman and Chief Executive Officer.

Bolder Capital was founded by Todd Hamilton in 2004 and has a co-investment relationship with The Edgewater Funds and JZ Capital Partners. The firm focuses on partnering with CEOs to build middle market companies through both organic growth and add-on acquisitions. Bolder Capital is based in Chicago (www.boldercapital.com).

Blitzer, Clancy & Company (www.bcxintl.com), a boutique investment-banking firm with offices in New York and Boston, represented Bolder Capital in this transaction.

2014 PEPD • Private Equity’s Leading News Magazine • 8-15-14

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