NASHUA, N.H., October 22, 2014 — Resonetics today announced that Sverica International has acquired the company from Corporate Fuel Partners. Resonetics will maintain its headquarters in Nashua, New Hampshire, and CEO Tom Burns and the current management team will remain in place. Terms of the transaction were not disclosed.
Resonetics is a leading supplier of laser micromachining solutions to the life sciences industry with a particular focus on polymers. The company supports its customers with a state-of-the-art prototyping and process development center and a technical team of more than 30 engineers and scientists and 50 laser workstations of various technologies. Resonetics works with many of the leading players in some of the fastest growth specialties in the medical device and diagnostics space. The company can create features as small as one micron, a fraction of a human hair, in a scalable and reproducible manner. “We’re excited to partner with Sverica as we embark upon the next phase of our growth strategy,” said Tom Burns, Resonetics CEO. “Their expertise and experience working with specialty manufacturers, as well as their access to capital will be important as we take advantage of opportunities in expanding markets.”
“We are excited to work with Tom and the rest of the team at Resonetics,” noted Dave Finley, Managing Director at Sverica. “The outsourcing trends and shift to miniaturization and polymers play to the company’s strengths. Resonetics will be a great addition to the Sverica portfolio, as it fits well with our focus on niche manufacturers that have track records of success and demonstrated growth prospects.”
John Simons, Partner at Corporate Fuel Partners commented, “We are proud of having been associated with the very professional team at Resonetics, the growth of the company while we were involved and the return we were able to generate for our stakeholders.”
Resonetics provides laser micromachining manufacturing services for medical device and diagnostic companies, as well as other markets requiring precision laser processing of polymers and glass. The company offers the world’s largest capacity for laser micromachining polymers in ultra-violet wavelengths and its expertise with polymers and with features as small as one micron is unmatched. The company also designs, builds and services purpose-built laser workstations to meet specific customer needs. With more than 25 years of experience and a dedicated development lab staffed with PhDs, optical scientists and process experts, the company delivers solutions for the most demanding polymer micromachining challenges. Learn more at www.resonetics.com.
About Sverica International
Sverica International is a leading private equity firm that has raised over $425 million of investment capital across three funds. The firm acquires, invests in and actively builds companies that are, or could become, leaders in their industries. Since 1993 Sverica has maintained a “high touch” operating philosophy of taking an active role in portfolio companies. Sverica devotes significant internal resources to help its management teams develop and execute growth strategies. Learn more at www.sverica.com.
About Corporate Fuel Partners
Corporate Fuel Partners, LLC, a New York based private equity fund, makes investments in middle market companies in the Northeastern United States. They partner with high quality management teams and look for established companies with strong niche market positions. Corporate Fuel Partners is affiliated with Corporate Fuel Advisors, an investment banking and business advisory firm that provides a full range of M&A and capital raising services to middle market companies. Learn more at www.corporatefuelpartners.com.