BOSTON, Jan. 9, 2024
/PRNewswire/ -- Artemis ("Artemis"), the Industrial Tech Private
Equity firm, completed the successful sale of its portfolio
company, STC Material Solutions ("the Company" or "STC") to
IDEX Corporation (NYSE: IEX).
STC is an advanced materials manufacturer based in St. Albans, VT. Across its Ceramic and
Hermetic divisions, STC delivers unique advanced material solutions
to a wide range of industries with particular focus on Aerospace,
Defense, Medical, and Semiconductor markets.
Since acquisition in October 2018,
STC experienced transformational growth under Artemis ownership.
The Company's new material capabilities, product offerings, go to
market strategies, among others, have propelled STC over the past
five years. But more than anything, their success can be attributed
to the unstoppable combination of the right strategy with a
committed, passionate, and technically exceptional team.
James Ward, Partner, said of
Artemis' experience with STC, "The Artemis partnership with STC is
point in proof of Artemis' vision, mission, and values on the
whole. Our goal is to build exceptional Industrial Tech companies
whose people and products accelerate a healthier and safer
world. STC is an inspired example of just that. We believe
that the future of STC has never been brighter and we look forward
to cheering them on as part of the IDEX family."
James Callan, CEO of STC, shared
this about working with Artemis, "Artemis distinguished themselves
as a true partner by their ability to unequivocally execute against
their vision, while maintaining strong values and caring deeply for
the well-being of the people at the company. Their unmatched
understanding of our markets, technologies, and company building
strategies enabled our team to thrive and achieve unconstrained
growth."
Houlihan Lockey was the financial
advisor and Morgan Lewis was the
legal advisor for Artemis.
About STC
For 125 years, STC has delivered unique Advanced Material
solutions for the most extreme, mission critical applications
across a wide range of industries, primarily focused on Aerospace,
Defense, Medical, and Semiconductor. For more information on STC,
please visit: www.ceramics.net.
About IDEX
Founded in 1988 with three small, entrepreneurial manufacturing
companies, IDEX currently has 50 diverse businesses around the
world part of the IDEX family. With more than 8,500 employees and
manufacturing operations in more than 20 countries, IDEX is a
high-performing, global company with over $3.1 billion in annual sales, committed to making
trusted solutions that improve lives. For more information on IDEX,
please visit: www.idexcorp.com.
About Artemis
Headquartered in Boston, MA,
Artemis is a specialized private equity firm focused on partnering
with differentiated Industrial Tech companies, whose people and
products enable a healthier, safer, more connected, productive, and
equitable world. For more information on Artemis, please visit:
www.artemislp.com.
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SOURCE Artemis Capital Partners