SemiTorr, which is backed by Transom Capital Group, has acquired Denver-based Tru-Flow, which serves biotech and pharmaceutical industries. No financial terms were disclosed.
Portland, Ore. – Tualatin-based distributor SemiTorr (www.semitorrinc.com) today announced that it has acquired Tru-Flow (www.tru-flow.com), headquartered in Denver, CO, which serves biotech and pharmaceutical industries throughout the Mountain States and Midwest. Tru-Flow will be integrated into SemiTorr’s Southwest regional operations.
Upon closing of the transaction, Kevin Waddell, Chief Executive Officer of SemiTorr, remarked “Throughout its 30+ year history, SemiTorr has achieved significant growth through its world-class technical sales team, best-in-class product offering and outstanding customer service. With the acquisition of Tru-Flow, SemiTorr will become one of the leading life sciences specialty distributors west of the Mississippi, serving biotech and pharmaceutical customers throughout the region.”
Tru-Flow is a distributor and manufacturers’ representation firm that provides products and solutions for the biotech and pharmaceutical industries. Tru-Flow offers top quality, industry-leading products to ensure process up-time and long-term performance. It offers a wide variety of products including pumps, valves, sensors, disposable bags and assemblies, cleaning and washing equipment, elastomers, pipe insulation, and custom piping assemblies.
Paul Trunzo, Tru-Flow’s President, said, “I’m excited for the opportunities that lie ahead for Tru-Flow as we become part of the SemiTorr team. Our mission to provide our customers with high quality products and outstanding service will only be strengthened by the resources of SemiTorr. As a result of this acquisition, we will be able to grow faster and bring more solutions to a larger addressable market.”
Terms of the transaction were not disclosed. SemiTorr was represented by Russ, August, and Kabat as M&A counsel on this transaction, and Fairfield and Woods represented Tru-Flow. Bank of America Merrill Lynch provided the debt financing for the transaction. This is SemiTorr’s first acquisition since being acquired by Transom Capital Group, a leading operations-focused middle market private equity firm, in December 2018.
About SemiTorr Group, Inc.
SemiTorr (www.semitorrinc.com) was founded in 1988. Originally serving the Pacific Northwest, SemiTorr has expanded nationally to support a wide array of markets throughout the United States. This expansion has been both organic with key suppliers and via acquisition; SemiTorr completed the acquisition of AlphaBio Distribution in July, 2013 and Walker Hi-Tech in May, 2014. As a result, SemiTorr currently has eight distribution centers in Tualatin, OR, Livermore, CA, Chandler, AZ, Lehi, UT, Albuquerque, NM, Denver, CO, Allentown, PA and Clifton Park, NY.
About Transom Capital Group
Transom Capital Group (www.transomcap.com) is a leading operations-focused private equity firm in the middle market with more than $500M in assets under management. The firm’s functional pattern recognition, access to capital, and proven ARMOR Value Creation Process combine with management’s industry expertise to create improved operational efficiency, significant top-line growth, cultural transformation and overall distinctive outcomes. Transom Capital Group is headquartered in Los Angeles, California.