AGC Partners Advises EpiWorks on its Sale to II-VI

Transaction Details

AGC Partners is pleased to announce that its client, EpiWorks, Inc., a leading provider of epitaxial wafers for electronic and photonic device applications, has been acquired by II-VI Incorporated. EpiWorks' 25,000-square foot, Class 1000 cleanroom epi foundry will provide a significant expansion of II-VI's product portfolio while EpiWorks' industry expertise dovetails nicely with II-VI's core competencies as an engineered materials company. The acquisition is valued at $43 million in cash paid at closing with a $6 million earn out payable over three years if various performance targets are achieved. With a team led by Rob Buxton, AGC Partners acted as sole financial advisor to EpiWorks.

AGC Partners Advises EpiWorks on its Sale to II-VI


AGC began working with EpiWorks several years ago, becoming familiar with our business and Company as we serve a highly specialized market. Together, we built a process to rapidly evaluate opportunities and recognize potential strategic partnerships. As the opportunity to partner with II-VI grew, Rob was able to rapidly drive a successful transaction through an intense process and achieve an outcome that the founders and management are very proud of. I would recommend AGC as a financial advisor.

Quesnell Hartmann, Chief Executive Officer, EpiWorks

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