Plotted by close date where disclosed, otherwise announcement. Select any marker to jump to the deal entry.
Three patterns show up across Enpro's deal book — what the team buys, how it pays, and how it integrates. The patterns are the throughline; the deals below are the evidence.
3 acquisitions. Each entry carries the deal value, financing structure, target revenue, executive commentary, and the original SEC filing — the evidence behind the patterns above.
NxEdge is an advanced manufacturing, cleaning, coating, and refurbishment business focused on the semiconductor value chain, acquired from Trive Capital. Based in Boise, Idaho, it serves customers across the semiconductor supply chain, including top-tier global integrated device manufacturers (IDMs) and original equipment manufacturers (OEMs) from six main facilities located in Idaho and California, with vertically integrated capabilities and a robust aftermarket business. $850.0 million in cash.
This combination with NxEdge is an important step forward in our portfolio reshaping strategy as we continue our transformation toward unique industrial technology products and services in high-margin, high-growth markets.Eric Vaillancourt — Interim President and Chief Executive Officer, EnPro Industries
We are thrilled with the opportunity to join Enpro and bring together our highly complementary assets to unlock significant value.Jackson Chao — Founder and Chief Executive Officer, NxEdge
Eric Vaillancourt, Interim CEO, Q4 2021 earnings call: "I am particularly excited about the opportunities arising from our acquisition of NxEdge, as we are already realizing the significant benefits of combining the commercial and technological advantages across our Advanced Surface Technologies platform. Our teams are coordinating closely, and the combination is demonstrating solid strategic and cultural fit."
Alluxa is a privately held, California-based industrial technology company that provides specialized optical filters and thin-film coatings for the most challenging applications in high-growth markets. Founded in 2007 and headquartered in Santa Rosa, California, Alluxa has two California locations and 76 employees, with international reach serving customers across the Americas, Europe, and Asia. Its proprietary platform includes the SIRRUS automated plasma deposition software. $255 million, inclusive of rollover equity.
Alluxa is recognized as a leader in specialty optical filters and thin-film coatings technology and complements our growing advanced technology presence.Marvin Riley — President and Chief Executive Officer, EnPro
This is the beginning of an exciting new chapter for Alluxa, and we are thrilled to join the EnPro family of companies.Mike Scobey — Founder, Chief Executive Officer, and Chief Technology Officer, Alluxa
LeanTeq is a privately held, Taiwan-based company that primarily provides refurbishment services for critical components and assemblies used in state-of-the-art semiconductor equipment used to produce the latest microchips for smartphones, autonomous vehicles, 5G, and artificial intelligence. Founded in 2011 and headquartered in Taoyuan City, Taiwan, LeanTeq has two locations in Taiwan and one in the United States (Milpitas / Silicon Valley, California) and approximately 260 employees. Aftermarket refurbishment services represent approximately 65% of LeanTeq's total sales. $305 million, subject to working capital adjustment and reduction for net debt.
LeanTeq complements Technetics Group, adding to our deep expertise and expanding the mission-critical suite of products we offer to our customers.Steve Macadam — President and Chief Executive Officer, EnPro