Artemis Acquires Superior Technical Ceramics
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Artemis Acquires Superior Technical Ceramics

Superior Technical Ceramics, a maker of ceramic materials used in harsh operating environments, has been acquired by Artemis Capital Partners.

Superior Technical Ceramics (STC) is a provider of ceramic materials that are used in a range of industries, including aerospace, defense, analytical instrumentation, energy, oil and gas, and semiconductor processing. The company’s materials offer distinct operating properties and are used in a range of operating environments including high heat, high pressure, corrosive, and high mechanical wear.

STC, founded in 1898, has more than 160 employees and 135,000 square feet of manufacturing space. The company is led by President John Goodrich and is headquartered in St. Albans, VT (www.ceramics.net).

“We are excited about partnering with Artemis. By combining STC’s strong operating team with Artemis’ strategic ownership, the company is poised for a new era of growth and innovation,” said Mr. Goodrich. “Most importantly, our customers can count on a seamless transition and our unwavering focus on performance, quality, and service.”

“STC’s capabilities speak for themselves and we plan to further invest in the company’s people, technology, equipment, and partnerships to realize STC’s full potential as a world-class player in the advanced ceramics market – from right here in Vermont,” said Peter Hunter, Managing Partner at Artemis.

“From the first day we visited STC, we saw a company with all the hallmarks of scalable growth – a customer-centric culture; technical advantages spanning both materials and processes; a passion for applications engineering; and a motivated team, hungry for partnership. STC’s dual commitment – to customer and technology – perfectly fits our investment model,” said James Ward, a Principal at Artemis.

Artemis Capital Partners invests in companies with revenues of $5 million to $50 million and EBITDA of $1 million to $10 million. Sectors of interest include manufacturers of differentiated industrial technologies, including aerospace, automotive, defense, energy, industrial automation, scientific and research, and medical sectors. The firm was founded in 2010 and is based in Boston (www.artemislp.com).

Needham & Company (www.needhamco.com) was the financial advisor to STC on this transaction.

© 2018 Private Equity Professional | October 30, 2018

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