August 24, 2020
KICTeam, a global leader in proprietary cleaning solutions for high-cost-of-failure environments and products such as electronic devices and fintech hardware, announced today that it has acquired Teknipure. Based in Mesa, AZ, Teknipure is an emerging leader in specialty cleaning solutions for biopharmaceutical, medical devices, and advanced manufacturing markets. Translink acted as advisor to the buyer.
Founded in 2008, Teknipure has been dedicated to the development, manufacturing, and distribution of innovative contamination solutions for cleanrooms and other controlled environments. The products are designed to prevent, control, and remove contamination effectively and efficiently. Teknipure’s customers include medical facilities, pharmaceutical companies, microelectronics, optical, and flat panel manufacturers, aerospace and defense contractors, automakers and more. Many of these customers must abide by strict practices, rules and regulations.
“Technical cleaning has always been at the core of our business and Teknipure offers access to exciting new markets and products,” said Ian McCormick, CEO, KICTeam. “As we look to build a portfolio of high-performing businesses within the area of contamination control, we are excited by the possibilities offered by Teknipure and look forward to working with the team to build on their recent successes.”
“Our business was founded on the objective of delivering innovative, critical cleaning solutions to our customers across critical manufacturing & healthcare markets,” said Chris Heiland, vice president, Teknipure. “The global Covid-19 pandemic has heightened the need for these solutions and prioritized the need for a flexible supply chain with operations in the US. By partnering with Inverness Graham and KIC, we will be able to invest in US-based capacity and seamlessly accelerate growth with our customers.”
KICTeam is owned by Inverness Graham Investments, which has approximately $1 billion of assets under management.
“Teknipure and KICTeam both offer high quality innovative products in sectors where contamination control is critical to the performance of their customers. We are at the early stages with this platform and are committed to adding strategically complementary businesses to the platform,” said Trey Sykes, Managing Principal of Inverness Graham.
Contact our Team Members advising in this transaction:
Dinan & Company, LLC is the partner firm of Translink Corporate Finance in the United States. It is a leading diversified financial services company with over 32 years of advisory and merchant banking experience dedicated to middle-market transactions.