CHARLOTTE, NORTH CAROLINA (March 14, 2019) – BlackArch Partners (“BlackArch”) is pleased to announce the sale of Hermetic Solutions Group, LLC (“HSG” or the “Company”), a former portfolio company of ShoreView Industries (“ShoreView”), to Windjammer Capital Investors. HSG, headquartered in Tinton Falls, New Jersey, is a manufacturer of highly engineered hermetic packaging and components that ensure the operating reliability of sensitive microelectronics in demanding environments. HSG, recognized for excellence in design and engineering, collaborates extensively with customers operating in the Aerospace & Defense, Medical, Optical Networking and Industrial sectors. The Company’s product lines include hermetic packaging, hermetic lids, getters and thermal management solutions. HSG maintains a global manufacturing presence, with operations in both North America and Europe. The Company delivers an unmatched breadth of products and services through its four complementary divisions.
BlackArch was retained by ShoreView and management to serve as the Company’s lead financial advisor.
Brett Habstritt, Partner at ShoreView, commented: “The BlackArch team provided the highest level of service with respect to the sale of HSG. Their knowledge, insight, hard work and preparation allowed for a very smooth process and contributed to a great outcome for ShoreView and all of the HSG shareholders.”
ShoreView Partner Tom D’Ovidio continued, “BlackArch once again exceeded our expectations. The whole team went above and beyond to ensure a very successful outcome. We will definitely turn to BlackArch to assist us on future exits.”
Bill Hubbard, Chief Executive Officer at HSG, added: “BlackArch provided unmatched expertise and professionalism representing our Company, in line with their reputation as a partner we could trust to deliver a fantastic result. Through unparalleled senior-level attention at every step, the BlackArch team ran a highly competitive process, introducing us to a great range of potential partners. By leveraging their knowledge of the potential buyer universe and positioning our Company in a way that spoke to buyers, BlackArch helped set the stage for a great outcome for all of our stakeholders.”
About ShoreView Industries
ShoreView Industries, based in Minneapolis, manages $900 million in private equity funds. ShoreView invests in established, middle-market companies with operations in North America, across a wide range of industries. ShoreView structures a variety of acquisition, recapitalization and build-up transactions, typically in businesses with revenues ranging between $20 million and $300 million. For more information, visit www.shoreview.com.
About Windjammer Capital Investors
Windjammer Capital is a national private equity investment firm, based in Waltham, MA and Newport Beach, CA that invests control equity in middle-market businesses and in partnership with management. Since its founding in 1990, Windjammer has managed over $3 billion in committed capital, completed over 50 platform acquisitions and over 100 strategic add-ons. The firm targets investments in companies that are leaders in attractive niche markets and share several of the following characteristics: significant and defensible market positions; differentiated products and services; strong management teams; scalable business models; identifiable growth opportunities and consistent financial performance. For more information, please visit www.windjammercapital.com.
About BlackArch Partners
BlackArch Partners is a leading middle-market investment bank offering a full spectrum of advisory services to financial sponsors, private companies and diversified corporations. BlackArch addresses the needs of owner-operators, founders and shareholders of private companies with specialized services that include M&A advisory, strategic advisory and private capital solutions. Headquartered in Charlotte, North Carolina, BlackArch features a total of 12 industry-focused practices that cover all sectors of interest to middle-market investors; BlackArch professionals have closed more than 350 transactions in 16 countries on 4 continents. For more information, visit www.blackarchpartners.com.
Securities offered through BlackArch Securities LLC. Member FINRA and SIPC. Testimonials may not be representative of the experience of all clients. Testimonials are not a guarantee of future performance or success.