|By Business Wire||
|July 14, 2014 03:21 PM EDT||
Headwaters announced today that it advised Advanced Lighting Technologies (ADLT), a Solon, OH-based manufacturer of energy-efficient lighting materials and finished products, on the sale of its Santa Rosa, CA-based subsidiary Deposition Sciences (DSI) to Lockheed Martin, the Bethesda, MD-based global security and aerospace Fortune 100 company.
“DSI’s proprietary thin film coating processes serve as excellent engineering solutions to defense and commercial challenges,” said Tess Oxenstierna, Managing Director in the Headwaters’ Aerospace, Defense and Government (ADG) group.
Peter Nam, Managing Director in Headwaters’ Industrial Technology group, added, “For over twenty years, Deposition Sciences has provided coating solutions for a variety of applications, ranging from military and aerospace to medical and scientific.” Managing Director Grant Garbers continued, “Our ADG and Industrial Technology Practices teamed to deliver results for another client, this time finding a marquee strategic buyer.”
“Headwaters gave us expert advice and guidance throughout the entire process,” said Wayne Vespoli, President of ADLT. “Having sector-focused bankers made all the difference in ensuring an in-depth knowledge of the market. We are delighted with their efforts on our behalf.”
Deposition Sciences produces durable, heat-resistant and reliable optical thin film coatings, spanning the range from the ultraviolet wavelength through to far infrared (FIR) or the long-wave infrared (LWIR) spectral wavelengths. The company has 85 employees overall.
Terms of the acquisition were not disclosed.
About Headwaters MB
Headwaters MB is an independent, middle-market investment banking firm providing strategic merger and acquisitions, corporate finance services and merchant banking through proprietary sources of capital. Headwaters is headquartered in Denver, CO, with 6 regional offices across the United States and partnerships with 17 firms covering 26 countries. For more information, visit http://www.headwatersmb.com/ and keep up with us on Twitter at http://twitter.com/brendanburke.
About Advanced Lighting Technologies
Advanced Lighting Technologies, Inc. (ADLT), formed in 1995, is a market-leading innovator and manufacturer of energy efficient lighting materials and finished products. The Company provides innovative lighting solutions to the growing global movement to decrease energy consumption. For more information, visit http://www.adlt.com/.
Jan. 26, 2015 05:00 AM EST Reads: 1,156
Jan. 26, 2015 04:45 AM EST Reads: 1,445
Jan. 26, 2015 03:00 AM EST Reads: 1,437
Jan. 26, 2015 02:00 AM EST Reads: 2,396
Jan. 26, 2015 02:00 AM EST Reads: 2,720
Jan. 26, 2015 01:00 AM EST Reads: 2,537
Jan. 26, 2015 12:45 AM EST Reads: 3,474
Jan. 26, 2015 12:00 AM EST Reads: 2,160
Jan. 26, 2015 12:00 AM EST Reads: 2,225
Jan. 25, 2015 11:45 PM EST Reads: 1,787
Jan. 25, 2015 10:30 PM EST Reads: 1,784
Jan. 25, 2015 07:45 PM EST Reads: 2,341
Jan. 25, 2015 07:00 PM EST Reads: 1,268
Jan. 25, 2015 06:30 PM EST Reads: 1,601
Jan. 25, 2015 06:15 PM EST Reads: 3,815