Houlihan Lokey Advises STC Material Solutions

Houlihan Lokey is pleased to announce that STC Material Solutions (STC), a portfolio company of Artemis, has been acquired by IDEX Corp. (NYSE:IEX) (IDEX). The transaction closed on December 14, 2023. Houlihan Lokey served as the exclusive financial advisor to STC.

STC specializes in the design and manufacturing of technical ceramics and hermetic sealing products for the most extreme, mission-critical applications. The company has relationships with leading manufacturers in the aerospace and defense, semiconductor, industrial technology, medical technology, and energy sectors. Headquartered in St. Albans, Vermont, STC also has operations in Santa Ana, California.

Headquartered in Boston, Massachusetts, Artemis is a highly specialized private equity firm focused on partnering with differentiated industrial technology companies, whose people and products enable a healthier, safer, more connected, productive, and equitable world.

Founded in 1988 with three small entrepreneurial manufacturing companies, IDEX currently has 50 diverse businesses around the world that are a part of the IDEX family. With more than 8,500 employees and manufacturing operations in over 20 countries, IDEX is a high-performing, global company with more than $3.1 billion in annual sales, committed to making trusted solutions that improve lives.

Houlihan Lokey served as the exclusive financial advisor to STC and Artemis and assisted in structuring and negotiating the transaction on its behalf. This transaction exemplifies the continued success of Houlihan Lokey’s global Industrials Group, specifically within the engineered products and specialty materials sectors. Houlihan Lokey has a team of more than 100 dedicated professionals covering the industrials market via 13 subvertical specialty teams throughout the United States and internationally to match the global needs of its clients. In 2022, the Industrials Group was once again ranked as the No. 1 M&A advisor for all U.S. industrials transactions, according to Refinitiv.*

*Excludes accounting firms and brokers.