Boyne Capital has acquired Kansas City, Missouri-based Adapt Laser Systems, a provider of laser cleaning solutions. No financial terms were disclosed.
MIAMI, Feb. 6, 2019 /PRNewswire/ — Boyne Capital (“Boyne”) is pleased to announce that it has acquired Adapt Laser Systems (“Adapt Laser” or the “Company”), the exclusive North American sales, distribution and technical services partner to Clean-Lasersysteme GmbH (“CleanLASER”). CleanLASER is a German-based OEM of leading laser cleaning solutions used to clean and prepare various substrate surfaces during production and maintenance.
Headquartered in Kansas City, Missouri, Adapt Laser has supported North America since 2003, providing pioneering laser cleaning solutions to many bonding, corrosion, and surface treatment issues facing complex industrial processes. Adapt Laser, in partnership with CleanLASER, is the only supplier of fiber-coupled, compact, mobile or stationary laser cleaning units, with 20 to 1000 watts of laser power for a wide-range of handheld or automated applications. Illustrative uses include composite part tool cleaning, defense and military applications, oxide removal, paint & varnish removal, weld & joining pre-treatment, and mold cleaning. End-markets served include aerospace, automotive, defense, nuclear utilities, semiconductors, and food production. For additional information, please visit www.adapt-laser.com.
Boyne Managing Partner and CEO, Derek McDowell, said, “Adapt Laser Systems, with CleanLASER, is the absolute leader in the laser cleaning solutions market. The technology the Company deploys is cutting-edge but proven as demonstrated by the Company’s impressive blue-chip customer base. As market awareness of this technology grows, we will help provide the Company with the resources needed to meet the high demand growth we’re seeing.”
Georg Heidelmann, Adapt Laser’s Founder and CEO, said, “I’m excited to be partnering with the Boyne team for this next phase of the Company’s growth. With their support, we are well positioned to continue converting North American industry from antiquated, environmentally hazardous treatment methods such as abrasion and chemicals to high-tech, clean laser solutions.”
The Adapt Laser Systems transaction represents the most recent platform investment in BCM Fund I (“Fund”). Boyne Capital is dedicated to investing in the lower middle market sector, specifically companies with revenues of less than $100 million and with EBITDA of $2 million to $10 million.
About Boyne: Boyne Capital is a Florida-based private equity firm focused on investments in lower middle market companies. Founded in 2006, Boyne has successfully invested in a broad range of industries, including healthcare services, consumer products, niche manufacturing, and business and financial services among others. Beyond financial resources, Boyne provides industry and operational expertise to its portfolio companies and partners with management to drive both company performance and growth. Boyne specializes in providing the capital necessary to fund corporate growth and facilitate owners and shareholders’ partial or full exit. www.boynecapital.com