O2 Investment Partners has acquired Silbond Corp., a specialty chemical manufacturing company based in Weston, Mich. Terms of the acquisition were not released. Founded in 1994, Silbond makes “tetra ethyl ortho silicate,” a chemical used in manufacturing semiconductors and other electronics. O2 Investment Partners is based in Bloomfield Hills, Mich.
O2 Investment Partners, LLC, located here, announced it has acquired all outstanding shares of Silbond Corporation, a specialty chemical manufacturing business based in Weston, Southeastern Michigan.
Jay Hansen, President of O2, announced the deal and added that the transaction included partnering with Silbond’s strong management team.
“We are not a traditional private equity firm,” Hansen explained. “We invest equity on behalf of our principals and a core network of co-investors and strategic partners. We have a geographic focus in the Great Lakes states and Ontario, Canada and look for lower and middle market companies that have the earnings growth potential and a clear path to the creation of long term shareholder value. We like to partner with management to pursue that common vision and structure the capital investment to fit that business and facilitate the implementation of the strategic plan. Silbond’s history, track record and potential meet those criteria.”
Founded in 1994, Silbond employs 50 people and is the world’s leading supplier of “tetra ethyl ortho silicate” (TEOS), a specialty chemical used in industries such as semiconductors and electronics, protective coatings, investment casting, and chemical processing. Silbond is the only producer of TEOS for commercial sale in North America.
“Led by its President, Larry Brown, and a very strong management team, we believe that Silbond has the right combination of a talented and experienced workforce, efficient manufacturing processes, diversified customer base, and diversified markets served, to be competitive on a global scale. We look forward to supporting them in achieving their vision of growth and success.”
Added Hansen, “With this management team and the support of our financial partners such as Centerfield Capital Partners, we are very optimistic about being able to realize these growth opportunities.”
The principals of O2 Investment have more than 60 years of collective experience in mergers and acquisitions and building businesses, having completed more than 40 acquisitions and investments in the manufacturing distribution, service, financial service, and technology industries.
In addition to Silbond, other portfolio companies owned by O2 Investment principals include: Rhe-Tech, Inc., a Michigan based plastics compounding and coloring business and New Horizons Northeast, a New York based computer and software training and education provider to consumers and businesses.
Additional information is available at www.silbond.com and www.o2investment.com