Exit Strategies Group Advises Tek-Matic in Strategic Sale

/in , /by Al Statz

We are pleased to announce that Exit Strategies Group recently advised the owners and management of Tek-Matic, Inc., a leading lab automation solutions provider, in a structured sale process that resulted in a sale to Flow Control Group, a KKR portfolio company. Terms of the transaction were not disclosed.

Tek-Matic, founded in 1983 and based in Rockford, Illinois, is a national lab automation and engineered systems provider serving the biotech, pharmaceutical, diagnostics and advanced manufacturing sectors. The company supplies thermal cyclers, precision dispensing platforms, software, robotics and precision motion components, along with enclosures, conveyors, and liquid handling systems. Tek-Matic supplies a broad lineup of lab automation technologies from leading manufacturers, and supports customers with systems integration, installation and startup assistance, training, and technical support.

The company supports both off-the-shelf and custom-configured solutions for applications such as PCR preparation, diagnostics, and high-throughput screening. Its engineering team brings deep experience in configuring modular systems that combine robotics and control, tailored to meet the specific requirements of laboratory and R&D environments.

Exit Strategies Group initiated this transaction and acted as exclusive financial advisor to Tek-Matic. Tek-Matic owner/CEO Chris Muldowney shared, “Several years ago, Al and his team conducted a thorough valuation of our business and gave us clear strategies to increase value prior to a sale. Two years after following their road map, we engaged them to run a sale process that produced outstanding results. We can’t say enough about the value Exit Strategies Group provides, and we wholly recommend them as an M&A partner to sell a company.”

This deal demonstrates Exit Strategies Group’s ongoing commitment to providing quality M&A advice and execution and valuation services to automation technology companies.  We work with product manufacturers, value-added distributors, systems integrators and machine builders. Since our founding in 2002, we have advised on well over 100 M&A transactions.

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For information about Exit Strategies Group’s M&A advisory or business valuation services, please contact Al Statz at 707-781-8580 or alstatz@exitstrategiesgroup.com.