Corporate Fuel Partners Has Completed the Acquisition of Resonetics
November 1, 2007 – New York, NY – Corporate Fuel Partners LLC has announced today that an affiliate has acquired substantially all the operating assets of Resonetics, Inc., one of the largest laser micromaching companies in the world. The terms of the transaction are not disclosed.
According to Cliff Gabay, President of Resonetics, "Bringing in Corporate Fuel as an equity partner of Resonetics is a positive step in the growth of Resonetics as we position ourselves to become a true value-added global provider of laser micromachined products and services. Corporate Fuel's investment in Resonetics allows us to aggressively scale up our medical device manufacturing as evidenced by our increased capacity, engineering staff and clean room facilities."
Resonetics, based in Nashua, NH, was founded in 1987. The company has more than 50 Excimer, carbon dioxide, solid-state and femtosecond laser systems which it uses along with optics and material handling technologies to efficiently machine extraordinarily precise holes and features in sizes that are a fraction of the width of human hair. The company micromachines plastics, polymers, ceramics, glass and thin metals for applications in medical devices, semiconductor and consumer electronics.
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. They avoid start-ups, turnarounds, and unstable business models. Corporate Fuel Partners is affiliated with Corporate Fuel Advisors, a middle market investment banking and business advisory firm that provides a full range of M&A advisory and capital raising services to middle market companies.
Media Contacts
For Resonetics:
Cliff Gabay
Resonetics, LLC
603-886-6772
cliffgabay@resonetics.com
For Corporate Fuel Partners:
Russ Fein
Corporate Fuel Partners, LLC
212-260-2743 x103
russ@corporatefuelpartners.com
