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| Client: |
Imaging & Sensing Technology Corporation ("IST") |
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| Business: |
Headquartered in Horseheads, New York, Imaging & Sensing Technology Corporation (“IST”) is a global leader in the design and manufacturing of advanced sensing and imaging systems for hazardous environments. IST serves diverse global markets including nuclear power generation, industrial manufacturing and scientific instrumentation. |
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| Client Objective: |
To sell IST for a full price, in a timely fashion, with minimal disruption to the business, and maintain the highest level of confidentiality throughout the process. |
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| Results: |
BGL approached a select group of strategic and financial buyers with existing nuclear or related instrumentation investments and financial buyers with an interest in these industries. IST attracted interest from a number of parties due to its high margins and leadership position in its markets. The sales process yielded substantial interest primarily from financial buyers. Ultimately, the offer from American Capital, a publicly traded institutional equity fund, was chosen due to its strong value proposition for the shareholders, dedication to the Company's growth initiatives, and strategic fit with a new American Capital investment in the industry.
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