Business
Quad-C Management to Acquire QED Technologies from Entegris
CHARLOTTESVILLE, Va. & ROCHESTER, N.Y. & BILLERICA, Mass.--(BUSINESS WIRE)-- Quad-C Management, Inc. (“Quad-C”), a leading middle market private equity firm,
About this update from Entegris, Inc.
[{"type":"text","content":" CHARLOTTESVILLE, Va. & ROCHESTER, N.Y. & BILLERICA, Mass.--(BUSINESS WIRE)--\nQuad-C Management, Inc. (“Quad-C”), a leading middle market private equity firm, and Entegris, Inc. (NASDAQ: ENTG, “Entegris”), a leading supplier of advanced materials and process solutions for the semiconductor and other high-technology industries, today announced that the companies have entered into a definitive agreement for Quad-C to acquire QED Technologies International, Inc. (“QED”) from Entegris. QED offers state-of-the-art MRF polishing and SSI metrology manufacturing solutions that are designed to meet the needs of advanced optics manufacturers by increasing production speed and yield while decreasing costs. Entegris’ QED business is part of the company’s Specialty Chemicals and Engineered Materials (SCEM) division. The transaction is expected to close in the first quarter of 2023, subject to receipt of required regulatory approvals and other customary closing conditions.\nThis press release features multimedia. View the full release here: https://www.businesswire.com/news/home/20230120005194/en/\n“QED is a leader in precision optics finishing equipment, products and services, providing the most precise technologies to manufacturers in semiconductor, aerospace & defense markets,” said Tom Hickey, a Quad-C Partner, “Quad-C and our industrial tech practice are thrilled to partner with QED and its strong management team in order to execute on our shared growth strategy.” Matt Trotta, Principal at Quad-C, also added, “QED has built a reputation for excellence in precision optics over nearly three decades. We are excited to partner with the Company as it begins its next chapter as a standalone entity once again.”\n\nAbout Quad-C\n\nFounded in 1989 and headquartered in Charlottesville, VA, Quad-C is a middle market private equity firm focused on investing in well-established business and consumer services, food & beverage and consumer products, healthcare, industrials, specialty distribution, and transportation / logistics companies. In its three-decade history, Quad-C has invested over $4 billion of capital in 80 platform companies. The Quad-C team is committed to partnering with entrepreneurs and management teams to accelerate growth and create long-term value. Learn more about Quad-C at www.quadcmanagement.com.\n\nAbout QED\n\nQED serves the g...