Los Angeles, California. Purcell Technologies, designer, manufacturer and marketer of precision metal and plastic components for computer, telecommunications and other electronic equipment, has been acquired by Extrusion Technology, parent company of the XTech and Triple E brands. The acquisition of Purcell adds new products and services to the Extrusion Technology portfolio, as well as a substantial increase in China-based manufacturing capabilities. Purcell Technologies was advised by investment banking firm Hadley Partners, Incorporated (www.hadleypartners.com).
"Joining forces with Extrusion Technology will create great opportunities for the combined company. Not only will we enjoy a substantially larger industry presence, but the cross-selling opportunities are enormous." said Jim Purcell, founder of Purcell Technologies.
“I am very grateful for Hadley Partners’ assistance in consummating this transaction,” continued Purcell. “I would like to thank Hadley Partners for their assistance, their responsiveness and their judgment in connection with this transaction. They played exactly the role we wanted from an advisor and we couldn’t be happier with the outcome.”
RFE Investment Partners, the control shareholder of the combined company, is a leading private equity investment firm with over 30 years of investment experience and 25 current portfolio companies. As a result of this transaction, RFE controls the Purcell, XTech and Triple E brands, and the combined company is an industry leader for front panels and brackets.
“The acquisition of Purcell enables us to continue the expansion of our Front Panel capabilities – both domestically and globally,” said Reinhold Hesse, President of Extrusion Technology. “Purcell has a strong reputation for quality and service, with a focus on Front Panel and Bracket products. The acquisition reinforces our leadership position as The Front Panel Source.”
For additional information about this transaction, please contact David Hadley at firstname.lastname@example.org.
About Purcell Technologies (www.purcelltech.com)
Purcell Technologies is a well respected designer, manufacturer and marketer of precision metal brackets, panels, bezels, shields, latches and other metal and plastic components for the physical structures of computer, telecommunications and other electronic equipment. Long-standing customers include Alcatel-Lucent, Apple Computer, Dell Computer, Emerson Electric, Ericsson, Flextronics, Hewlett Packard, Intel, Kontron, Motorola, National Instruments, NEC, Nokia, RadiSys, Solectron and Sun Microsystems. The Company is based in Brentwood, California, approximately 30 miles east of Oakland, and has been in business since 1989.
About Hadley Partners, Incorporated (www.hadleypartners.com)
Founded in 1999, Hadley Partners always seeks to provide the highest-quality merger & acquisition advisory, private placement and financial advisory services. We have a world-class team of veteran bankers that bring Wall Street experience to middle-market and emerging growth companies. Our goal is to develop relationships of trust with the leaders of these companies and with investors that pursue investment opportunities in such companies. We provide our services in a fair and flexible manner, and we always put our clients’ interests first. Hadley Partners, Incorporated is a registered broker-dealer, and a member of the Financial Industry Regulatory Authority and the Securities Investor Protection Corporation.
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