Gen Cap America, a private equity firm focused on lower middle market buyouts, has sold Alpha Technics to TE Connectivity. Terms of the transaction have not been disclosed.
Alpha Technics designs, develops and produces precision temperature measurement solutions for a variety of high growth medical technology and industrial customers including leading medical device, diagnostic and life sciences OEMs. Alpha Technics’ products include sensors and sensor assemblies for patient monitoring and medical equipment; high accuracy temperature verification kits used to insure diagnostic and life science equipment and manufacturing operations are running at ideal temperatures for test accuracy and regulatory compliance; and catheters, skin sensors, oesophageal, myocardial, and other special devices.
“We thoroughly enjoyed supporting the Alpha Technics team in growing the business,” says Chris Godwin, Managing Director at Gen Cap America. “This has been an excellent investment for Gen Cap America, and we are confident that Alpha Technics will continue to thrive going forward.”
“Alpha Technics has been an expert designer and manufacturer of temperature sensing and measurement products since 1979,” says Dan O’Brien, CEO of Alpha Technics. “By partnering with Gen Cap over the last eight years, we were able to open a medical device assembly and packaging clean room as well as establish calibration labs in Mexico and China. Those investments amongst others laid the groundwork for us to expand our capabilities and continue our growth.”
Lisa Ryan, President of Alpha Technics, says: “With Gen Cap’s support, we have been able to expand the company’s product lines, which range from sub-assemblies to full medical devices, and add key facility certifications. This brought value to both Alpha Technics as well as our customers and allowed us to secure our next partnership to continue our company’s legacy of providing quality products.”
Barney Byrd, President of Gen Cap America, says: “Alpha Technics has been an excellent example of our firm’s long history of teaming with existing management in lower middle market companies.”
