Sale of Reading Alloys to Kymera International

Industrial
Sale of Reading Alloys to Kymera International

Summary

Baird served as the exclusive financial advisor to AMETEK, Inc. on this transaction

About

AMETEK, Inc. (“AMETEK”) (NYSE: AME) recently sold KBA Enterprises, Inc. (DBA “Reading Alloys”, or the “Company”) to Kymera International, a portfolio company owned by affiliates of Palladium Equity Partners, LLC (“Palladium”).

AMETEK is a leading global manufacturer of electronic instruments and electromechanical devices with annual sales of approximately $5.0 billion. The AMETEK Growth Model integrates the Four Growth Strategies - Operational Excellence, New Product Development, Global and Market Expansion and Strategic Acquisitions - with a disciplined focus on cash generation and capital deployment. AMETEK's objective is double-digit percentage growth in earnings per share over the business cycle and a superior return on total capital. The common stock of AMETEK is a component of the S&P 500. AMETEK is headquartered in Berwyn, Pennsylvania.

Founded in 1953, Reading Alloys is a leading provider of highly engineered materials for mission critical applications in the aerospace, defense, medical and industrial markets. The Company’s products include master alloys, thermal barrier coatings and titanium powders. The Company is headquartered in Robesonia, Pennsylvania.

Kymera International can trace its roots back to the late 1800’s and today is a market leading specialty materials company focused on non-ferrous powders, granules and pastes including aluminum, copper, tin and their alloys. Kymera International sells its technically developed products into a wide array of end markets, including aerospace, additive manufacturing, chemical, specialty auto and numerous industrial applications. Kymera International has manufacturing facilities in the United States, Australia, Europe and Asia. Kymera International is headquartered in Research Triangle Park, North Carolina.

Palladium is a middle market private equity firm with approximately $3 billion of assets under management. Palladium seeks to acquire and grow companies in partnership with founders and experienced management teams by providing capital, strategic guidance and operational oversight. Since its founding in 1997, Palladium has invested over $2 billion of capital in 35 platform investments and more than 135 add-on acquisitions. Palladium focuses primarily on buyout equity investments in the range of $50 million to $150 million. Palladium is headquartered in New York, New York.
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Industrial
Sale of Reading Alloys to Kymera International
Date
March 2020
Company
AMETEK, Inc.
Transaction
M&A
Sectors
Industrial
Target Location
North America
Acquiror Location
North America

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