“Selling the equipment unit is part of the company’s long-term plan to concentrate its expertise in materials science and advanced manufacturing technologies,” said Kim Arnold, Brewer Science Executive Director, Advanced Packaging Business Unit.
Brewer Science’s semiconductor processing equipment business unit was founded in 1987. Carrying the Cee® trademark, the tools and equipment are used all over the world for research, testing, and small-volume manufacturing of semiconductor devices.
Cost Effective Equipment, also located in Rolla, Missouri, was formed by Russ Pagel, a Brewer Science employee of 35 years, who was also a founding member and later director of Brewer’s Cee® unit. As part of the transition, Pagel is bringing several equipment unit employees to the new company. Cost Effective Equipment’s staff has a total of more than 140 years of experience and expertise in technology development, design, engineering, application, sales, support, and operations.
Pagel plans to leverage the reputation and performance already established with long-term customers throughout the past 30 years to continue and grow. His company will continue to honor product warranties and provide ongoing support to past and current Brewer Science equipment customers.
Generational Equity’s Senior Managing Director Brian Hendershot established the relationship with Brewer Science, and Managing Director Michael Goss’s team, led by Vice President Luan Ly, successfully closed the deal.
“The transaction created a clean carve-out situation that most likely did not create much interruption from an operational standpoint which allowed everyone to continue serving each customer effectively,” said Luan Ly. “We envision that Brewer Science will be able to focus more attention on their core business and that Cee® would be able to take the equipment unit to the next level.”
About Generational Equity
Generational Equity, part of the Generational Group headquartered in Dallas with over 200 professionals located throughout North America, helps business owners release the wealth of their business by providing merger, acquisition and strategic growth advisory services. Their four-step approach features exit planning education, business valuation, value enhancement strategies, and M&A transactional services. The M&A Advisor recently named the company its 2016 Investment Banking Firm of the Year. For more, visit http://www.genequityco.com or the Generational Equity press room.
For more information:
To view the original version on PR Newswire, visit:http://www.prnewswire.com/news-releases/generational-equity-announces-sale-of-brewer-sciences-equipment-unit-to-cost-effective-equipment-300471432.html
SOURCE Generational Equity