Gen Cap America Inc has sold Alpha Technics Inc to TE Connectivity. No financial terms were disclosed. Based in Oceanside, California, Alpha Technics designs, develops and produces precision temperature measurement solutions.
PRESS RELEASE
Nashville, Tenn., May 3, 2019 – Gen Cap America, Inc., a private equity firm focused on lower middle market buyouts, announced today that it has sold Alpha Technics, Inc. to TE Connectivity. Terms of the transaction were not disclosed.
Alpha Technics designs, develops and produces precision temperature measurement solutions for a variety of high growth medical technology and industrial customers including leading medical device, diagnostic and life sciences OEMs. Alpha Technics’ products include sensors and sensor assemblies for patient monitoring and medical equipment; high accuracy temperature verification kits used to insure diagnostic and life science equipment and manufacturing operations are running at ideal temperatures for test accuracy and regulatory compliance; and catheters, skin sensors, esophageal, myocardial, and other special devices.
“We thoroughly enjoyed supporting the Alpha Technics team in growing the business,” said Chris Godwin, Managing Director at Gen Cap America. “This has been an excellent investment for Gen Cap America, and we are confident that Alpha Technics will continue to thrive going forward.”
“Alpha Technics has been an expert designer and manufacturer of temperature sensing and measurement products since 1979,” said Dan O’Brien, CEO of Alpha Technics. He continued, “By partnering with Gen Cap over the last eight years, we were able to open a medical device assembly and packaging clean room as well as establish calibration labs in Mexico and China. Those investments amongst others laid the groundwork for us to expand our capabilities and continue our growth.”
Lisa Ryan, President of Alpha Technics, continued, “With Gen Cap’s support, we have been able to expand the company’s product lines, which range from sub-assemblies to full medical devices, and add key facility certifications. This brought value to both Alpha Technics as well as our customers and allowed us to secure our next partnership to continue our company’s legacy of providing quality products.”
Barney Byrd, President of Gen Cap America, stated, “Alpha Technics has been an excellent example of our firm’s long history of teaming with existing management in lower middle market companies.”
About Gen Cap America
Gen Cap America, Inc. is a Nashville-based private equity firm that provides equity for management buyouts, division spinoffs, and recapitalizations of profitable, well-established lower middle market businesses. For more information, visit www.gencapamerica.com.
About Alpha Technics
Alpha Technics, Inc. based in Oceanside, California, designs, develops and produces precision temperature measurement solutions for a variety of high growth medical technology and industrial customers including leading medical device, diagnostic and life sciences OEMs as well as for industrial controls and building products manufacturers. Alpha Technics’ products include sensors and sensor assemblies for patient monitoring and medical equipment; high accuracy Temperature Verification Kits used to insure diagnostic and life science equipment and manufacturing operations are running at ideal temperatures for test accuracy and regulatory compliance; and catheters, skin sensors, esophageal, myocardial and other special devices. For more information, visit www.alphatechnics.com.
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