Adcole Acquired By Management and Private Strategic Partner
Mesirow, an independent, employee-owned financial services firm, recently announced it has acted as the exclusive financial advisor to Adcole, LLC , a portfolio company of Artemis Capital Partners to Management and a private strategic partner. Financial and other terms were not disclosed.
Headquartered in Marlborough, MA, Adcole, LLC is a leading manufacturer of automated metrology equipment with a 60-year history of providing innovative, high-precision, high-quality measurement solutions. Adcole offers the most accurate and precise gages on the market, providing measurements to the submicron level. Adcole’s precision measurement solutions are used in the automotive, robotics and aerospace industries, among others.
Nathan Moeri, Managing Director of Mesirow Investment Banking, said, “We were honored to work with Adcole and Artemis on this transaction. Adcole has a long history of excellence in manufacturing precision measurement products and a world-class customer base. This transaction will enable Adcole to continue to reinvest in research and development and expand into new, high growth markets.”
Jeff Walker, CEO of Adcole said, “The entire Adcole team is eager to make its mark on this new and exciting chapter of our company. Together with our strategic partner, we will be focusing development on current and yet-to-be released products that will grow alongside our customers as the world evolves into greener and more efficient engines, electric motors, and other industrial technologies.”
Peter A. Hunter, Managing Director of Artemis said, “We are very pleased with what we have accomplished with Jeff Walker and the Adcole Metrology team during our ownership. Adcole is well positioned to continue to innovate and meet the needs of its existing and future customers. There is an exciting future ahead of them. Overall, the partnership of Adcole Maryland Aerospace, Adcole Metrology, and Artemis was a success for all stakeholders and we are grateful for the valuable guidance and dedication from the Mesirow team to achieve these results.”
For more information: www.adcole.com