Clarity Corporate Growth initiated the transaction and assisted in the due diligence in a buy side advisor role to Kaydon Corporation.
June 5, 2012
Ann Arbor, MI – Kaydon Corporation announced today that it has acquired Fabreeka Group Holdings.
Fabreeka, based in Stoughton, MA, is a leading provider of engineered vibration-isolation and shock control products, including isolation pads, metal isolators, and highly engineered vibration solutions serving a diverse customer base across numerous end-markets including test and measurement, industrial machinery, manufacturing, precision equipment, and aerospace and defense. Fabreeka had sales of approximately $27 million in 2011 and will join Kaydon’s Velocity Control Products segment.
The $54 million acquisition is expected to be accretive in the first twelve months of ownership.
Kaydon Chairman and Chief Executive Officer James O’Leary stated “Clarity was instrumental to this transaction, recognized the strategic fit and facilitated a direct dialog with the owners on Kaydon’s behalf. Clarity assisted us in developing targeted proprietary acquisition deal flow and has consistently delivered valuable and trusted input to our corporate development process.”
About Clarity Corporate Growth
Founded in 1994, Clarity offers custom market research, buy-side M&A advisory services, and co-investment capital to Private Equity and Corporate clients. With roots in industrial manufacturing and allied services, our team of investment bankers and research professionals leverage keen market insight and an expansive network of contacts to assist clients in driving organic growth and strategic acquisition initiatives. For more information about Clarity, visit our website at www.claritycorporategrowth.com
Kaydon Corporation is a leading designer and manufacturer of custom engineered performance-critical products, supplying a broad and diverse group of alternative-energy, industrial, aerospace, medical and electronic equipment, and aftermarket customers. www.kaydon.com