JD Merit & Company a leading middle market investment bank serving clients globally, announced that it acted as advisor to Amtech Systems, Inc in its acquisition of Entrepix, Inc.
Amtech is a global supplier of semiconductor equipment and consumables to the power semiconductor industry and reported more than $100 million in Fiscal 2022 revenues.
“With the addition of Entrepix, Amtech now offers one of the industry’s broadest sets of substrates processing solutions, providing robust cross-selling opportunities across both Amtech’s and Entrepix’s respective customer bases. I believe Entrepix will provide a strategic benefit to Amtech, expand our market opportunity and accelerate our sales growth in the front-end wafer processing market globally, thereby creating meaningful value for our shareholders,” said Michael Whang, CEO of Amtech.
“JD Merit’s industry expertise and understanding of the M&A process helped Amtech achieve a great outcome. Their dedication over the course of the transaction was of tremendous value. The JD Merit team managed a great process and provided valuable counsel to Amtech throughout due diligence and negotiations”, concluded Whang.
David Wanetick, Managing Director of JD Merit, and deal lead, commented, “We are very pleased to have been involved in the combination of these two industry leaders. We look forward to continuing to facilitate transactions in the advanced technology industry.”
About Amtech Systems, Inc.
Amtech Systems, Inc. is a leading, global manufacturer of capital equipment, including thermal processing and wafer polishing, and related consumables used in fabricating semiconductor devices, such as silicon carbide (SiC) and silicon power, analog and discrete devices, and electronic assemblies and modules focusing on enabling technologies for electric vehicles (EV) and clean technology (CleanTech) applications. They sell these products to semiconductor device and module manufacturers worldwide, particularly in Asia, North America, and Europe. Their strategic focus is on semiconductor growth opportunities in power electronics, sensors, and analog devices leveraging their strength in core competencies in thermal and substrate processing. They are a market leader in the high-end power chip market (SiC substrates, 300mm horizontal thermal reactor, and electronic assemblies used in power, RF, and other advanced applications), developing and supplying essential equipment and consumables used in the semiconductor industry. Amtech’s products are recognized under the leading brand names BTU International, Bruce Technologies™, PR Hoffman™, and Intersurface Dynamics, Inc.
About Entrepix, Inc.
Entrepix, Inc. serves the semiconductor and related industries as a leading provider of chemical mechanical polishing (CMP) technology and services to IDMs, OEMs, MEMS, nanotechnology, and CMP consumables suppliers. The company renews technology for existing and emerging CMP users by refurbishing semiconductor equipment or adapting the equipment for use in novel applications such as airbag sensors and acoustic filters. As a technology renewal partner, Entrepix enables long-term, reliable, predictable, and cost-effective performance of CMP and cleaning equipment. Headquartered in Phoenix, Entrepix operates a 38,000 square foot facility housing its CMP foundry and equipment remanufacturing facilities.
About JD Merit
About JD Merit & Co. is a leading boutique investment bank focused on serving middle-market companies. JD Merit & Co. executes sell-side M&A, buy-side M&A, and capital advisory services with specific emphasis on the technology, software, consumer, business services, and manufacturing sectors. In addition, JD Merit & Co. offers other investment banking services such as debt and equity capital raises, restructuring advisory services, business valuations, and project financing through its subsidiary, JD Merit Securities, member FINRA / SIPC, a full-service Broker-Dealer licensed in 50 states.