1951 Rutan Drive, Livermore, California 94551, United States
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METERING INSTRUMENTATION CONTROLS
YOUR SOURCE FOR VALVES, PRESSURE & INSTRUMENTATION SOLUTIONS!
SemiTorr Group Aquires M-I-C
PORTLAND, Ore., November 13, 2020 (GLOBE NEWSWIRE) — Tualatin-based distributor SemiTorr (www.semitorrinc.com) today announced that it has acquired M-I-C (www.m-i-cinc.com), headquartered in Livermore, CA, which serves biotech, pharmaceutical and industrial customers throughout northern California. M-I-C will be integrated into SemiTorr’s California 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 M-I-C, SemiTorr will further strengthen its position in California.”
M-I-C is a distributor and manufacturers’ representation firm with over 45 years’ experience in the instrumentation and process control markets that provides products and solutions for biotech, pharmaceutical and industrial customers. M-I-C brings offers top quality, industry-leading products to ensure process up-time and long-term performance. It offers a wide variety of products including pumps, regulators, valves, sensors, and flow meters.
Mickey Schriefer, M-I-C’s President, said, “I’m excited for the opportunities that lie ahead for M-I-C 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 M-I-C was represented by the Law Offices of Amy Rypins. Bank of America Merrill Lynch provided the debt financing for the transaction. This is SemiTorr’s second 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; including M-I-C, SemiTorr has completed five acquisitions over the last seven years, focused on sanitary and industrial markets. As a result, SemiTorr currently has ten distribution centers in Tualatin, OR, Livermore, CA, Chandler, AZ, Lehi, UT, Albuquerque, NM, Denver, CO, Austin, TX, Manassas, VA, Allentown, PA and CliftonPark, 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.
10655 SW Manhasset Dr.
Tualatin, OR 97062
ph: 503.682.7052 fax: 503.682.7228
Knowledge and Experience
M-I-C, Inc. has over forty five years’ experience in the instrumentation and process control markets. Our territory covers Northern California and all of Nevada. M-I-C, Inc. services all markets including Bio-Tech, Pharmaceutical, Hydrocarbons, Power Generation, Food and Beverage, Municipalities, Mining, Research and Development and much more.
Richards Industrials
Richards Industrials
Richards Industrials
Richards Industrials is headquartered in Cincinnati, Ohio. Richards Industrials is the parent company of six other distinct industrial product lines: Steriflow Valve, Steriflow Food & Beverage, LowFlow Valve, Marwin Valve, Hex Valve, and Bestobell Steam Traps
Varec Biogas
Richards Industrials
Richards Industrials
Varec Biogas offers the most complete line of Biogas Safety and Handling products in the world. Traditionally used in municipal sewage treatment, our products have evolved and are now installed in landfills, breweries, dairies, and food processing plants where anaerobic digestion is used for solid waste treatment.
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Richards Industrials
Gemu Industrial
SOR manufactures a wide variety of mechanical and electronic devices to measure and control pressure, level, temperature and flow
Gemu Industrial
Gemu Industrial
Gemu Industrial
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McCrometer
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Vogtlin Massflow
No manufacturer has led the advance in flow measurement more than McCrometer. For over 60 years, our application engineers, researchers and designers have put their knowledge of flow physics and real-world operating dynamics into developing some of the most accurate, innovative and trusted flowmeters on the market.
Vogtlin Massflow
Gemu Industrial
Vogtlin Massflow
Vögtlin Instruments GmbH is a Swiss developer of precision flow instrumentation. Since 1986 we provide high-quality products and solutions for your measuring and control tasks.