Graham Partners Keeps It Cool
April 26th, 2016
Graham Partners, a private investment firm focused on investing in businesses with advanced manufacturing technologies, innovative product development capabilities, and strong growth potential, is pleased to announce that it has acquired Acme Cryogenics (“Acme”). Based in Allentown, PA, Acme is a leading designer, manufacturer, and provider of precision-engineered products and field services for the production, distribution, and storage of cryogenic (extremely low temperature) liquids and industrial gases. Acme provides an extensive suite of products and services for customers across the entire industrial gas supply and distribution chain, in attractive end markets such as healthcare, food and beverage, aerospace, and general manufacturing.
Acme is positioned for growth under Graham’s ownership as a result of an ongoing industry conversion to outsourcing of equipment and service needs by industrial gas majors. Additionally, the company holds #1 or #2 positions within its specialty gas products niches, and has longstanding customer relationships due to its strong reputation and leading technical capabilities for customized systems and solutions. Graham Partners has identified several opportunities for value creation during its ownership of Acme, including pursuing strategic add-on acquisitions to expand into adjacent markets, implementing operational improvements, and creating an Advisory Council comprised of industry experts to spur topline growth, provide strategic guidance and aid in new product development.
Graham Partners engaged two operational experts during the acquisition process, who provided critical insight to diligence the industry and identify growth opportunities. Josh Wilson, Managing Principal at Graham Partners, states, “The use of Graham’s extensive industry network, particularly two individuals with decades of experience in the industrial gas segment, afforded us the ability to validate Acme’s leading reputation and our investment thesis, as well as create an aggressive value creation strategy. We look forward to working with the management team to capitalize on these growth initiatives.”
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