Sverica International Management said Thursday it has acquired Resonetics. Financial terms weren’t announced. Nashua, N.H.-based Resonetics provides laser micromachining manufacturing services for medical device and diagnostic companies.
BOSTON–(BUSINESS WIRE)–Sverica International Management LLC (“Sverica”), a private equity investment firm, announced today that it acquiredResonetics, LLC (“Resonetics”) on October 21,, 2014. Resonetics is a leading supplier of laser micromachining solutions to the life sciences industry with a particular focus on polymers.
Resonetics supports its customers with a state-of-the-art prototyping and process development center and a technical team of more than 30 engineers and scientists and 50 laser workstations of various technologies. These workstations can create features as small as one micron, a fraction of a human hair, in a scalable and reproducible manner. “We’re excited to partner with Sverica as we embark upon the next phase of our growth strategy,” said Tom Burns, Chief Executive Officer of Resonetics. “Their expertise and experience working with specialty manufacturers, as well as their access to capital will be important as we capitalize on the expanding market needs we’re seeing.”
Dave Finley, Managing Director at Sverica, added: “We are excited to work with Tom and the rest of the team at Resonetics. The outsourcing trends and shift to miniaturization and polymers play to the Company’s strengths. Resonetics will be a great addition to the Sverica portfolio, as it fits well with our focus on niche manufacturers that have track records of success and demonstrated growth prospects.”
Resonetics provides laser micromachining manufacturing services for medical device and diagnostic companies, as well as other markets requiring precision laser processing of polymers and glass. The Company offers the world’s largest capacity for laser micromachining polymers in ultra-violet wavelengths and its expertise with polymers and with features as small as one micron is unmatched. The company also designs, builds and services purpose-built laser workstations to meet specific customer needs. With more than 25 years of experience and a dedicated development lab staffed with PhDs, optical scientists and process experts, the company delivers solutions for the most demanding polymer micromachining challenges. Resonetics is headquartered in Nashua, New Hampshire. For more information, please visit www.resonetics.com.
About Sverica International
Sverica International is a leading private equity firm that has raised over $425 million of investment capital across three funds. The firm acquires, invests in and actively builds companies that are, or could become, leaders in their industries. Since 1993, Sverica has maintained a “high touch” operating philosophy of taking an active role in portfolio companies. Sverica devotes significant internal resources to help its management teams develop and execute growth strategies. For more information, please visit www.sverica.com.