Resonetics, a portfolio company of Sverica Capital Management since October 2014, has acquired Mound Laser and Photonics Center.
Mound Laser and Photonics Center (MLPC) uses laser micro manufacturing techniques to make precision metal components that are used in the medical device and defense industry. The company’s core competencies include laser welding, laser microcutting, laser micromachining, and laser marking. 
MLPC has over 60 employees, more than 12,000 sq. ft. of laboratory facilities, a class 10,000 clean room, 22 laser workstations; 5 micromachining stations, 3 laser marking stations, 8 laser welding stations, and 4 laser microcutting/machining stations. The company is based south of Dayton in Kettering, OH (www.mlpc.com).
MLPC began as part of the October 1995 conversion of Ohio-based Mound Laboratory – an Atomic Energy Commission facility used for nuclear weapon research during the Cold War – to civilian use. Mound Laboratory was declared a Superfund site in 1989 and clean-up began in 1995. MLPC was acquired by Laser Fare in 1998 and in 2002 was acquired Dr. Larry Dosser from Laser Fare in order to pursue laser-based microfabrication.
Resonetics has been a portfolio company of Sverica Capital Management since October 2014. The company provides laser micromachining manufacturing services for medical device and diagnostic companies, as well as other markets requiring precision laser processing of polymers and glass. The company also designs, builds and services purpose-built laser workstations to meet specific customer needs. Since its acquisition by Sverica, the company has grown by nearly fifty percent and opened a second manufacturing facility in San Diego. Resonetics is headquartered in Nashua, NH (www.resonetics.com).
With the acquisition of MLPC, Resonetics will now expand beyond polymers and glass and offer customers a wider array of material expertise. In addition to its core competencies in laser welding, cutting and machining, Mound has developed expertise using the latest ultrafast laser technologies. The company has also conducted research in micro-additive manufacturing and plans to introduce new, proprietary tools that will help medical device designers as they continue to create ever smaller, complex products that challenge the limits of conventional machining and joining technologies.
“The team at Mound Laser has made impressive strides in recent years, taking on very difficult-to-manufacture components in the neurovascular, structural heart and peripheral vascular markets in particular,” said Tom Burns, Resonetics CEO. “Resonetics and MLPC share similar cultures built upon innovation, responsiveness, integrity and a passion for service. We’re excited about the combined technology, know-how and experience that we can now deploy across a wide range of materials in many of the fastest growing segments of the life sciences industry.”
Sverica invests in service oriented businesses and light industrial manufacturers. The firm targets companies with enterprise values under $100 million and EBITDAs greater than $3 million. Sverica was founded in 1993 and has raised over $500 million of capital across multiple funds. The firm has offices in Boston and San Francisco (www.sverica.com).
© 2015 PEPD • Private Equity’s Leading News Magazine • 11-12-15
