Cost Effective Equipment LLC acquired Generational Equity client Brewer Science Inc.’s equipment unit on May 3, 2017. Details were not disclosed.
Brewer Science, headquartered in Rolla, Missouri, is an industry-enabling lithography products, protective coatings, and wafer-level packaging materials company that is making revolutionary advancements in sensors and flexible hybrid manufacturing. The company decided to sell its equipment unit and shift more focus to the development of materials and processes for the microelectronics and semiconductor industry.
“Selling the equipment unit is part of the company’s long-term plan to concentrate its expertise in materials science and advanced manufacturing technologies,” said Kim Arnold, Brewer Science Executive Director, Advanced Packaging Business Unit.
Brewer Science’s semiconductor processing equipment business unit was founded in 1987. Carrying the Cee® trademark, the tools and equipment are used all over the world for research, testing, and small-volume manufacturing of semiconductor devices.
Cost Effective Equipment, also located in Rolla, Missouri, was formed by Russ Pagel, a Brewer Science employee of 35 years, who was also a founding member and later director of Brewer’s Cee® unit. As part of the transition, Pagel is bringing several equipment unit employees to the new company. Cost Effective Equipment’s staff has a total of more than 140 years of experience and expertise in technology development, design, engineering, application, sales, support, and operations.
Pagel plans to leverage the reputation and performance already established with long-term customers throughout the past 30 years to continue and grow. His company will continue to honor product warranties and provide ongoing support to past and current Brewer Science equipment customers.
Generational Equity’s Senior Managing Director Brian Hendershot established the relationship with Brewer Science, and Managing Director Michael Goss’s team, led by Vice President Luan Ly, successfully closed the deal.
“The transaction created a clean carve-out situation that most likely did not create much interruption from an operational standpoint which allowed everyone to continue serving each customer effectively,” said Luan Ly. “We envision that Brewer Science will be able to focus more attention on their core business and that Cee® would be able to take the equipment unit to the next level.”
Success, you have been added to our list.