InterOcean Advises on Sale of Micropen Technologies Corporation

- Electrical Products, Transactions

[DECEMBER 23, 2019] InterOcean Advisors is pleased to announce the successful sale of Micropen Technologies Corporation (“Micropen”) to Exxelia USA Holding Inc. (“Exxelia”), a manufacturer of complex passive components and precision subsystems used in a variety of aerospace, defense, medical, telecommunications and advanced industrial applications. InterOcean acted as the exclusive financial advisor to Micropen Technologies Corporation.

“We are highly appreciative of InterOcean’s dedication and perseverance throughout the process, which resulted in a very attractive outcome for Micropen, its shareholders and employees. The InterOcean team have been valuable advisors from start to finish, staying on top of all details and helping us work through a number of complex issues.”
Ed Petrazzolo, President and Shareholder of Micropen Technologies Corporation

Micropen is a technology leader in the printing of critical functional materials, such as conductive electrodes and resistors on a variety of substrates. By integrating materials science expertise, application engineering and its proprietary electronic printing technology, Micropen brings its customers unique, custom-designed solutions, which can be integrated into a wide universe of technical products.

“We are delighted to have advised the shareholders of Micropen on the sale of their business as it continues to grow in the U.S. and internationally with its new partner, Exxelia. With Exxelia’s support, Micropen will be able to access new applications and markets for its superior performing components,” stated Bill Doepke, a Managing Director at InterOcean.

About Micropen Technologies Corporation.
Founded in 1982, Micropen has grown into an industry-leading custom manufacturer of precision high voltage resistors and electronic components using a proprietary electronic printing technology and design. With the highest level of reliability and performance, Micropen serves leading customers in the medical, military, test and measurement, and detection markets. For more information, visit www.micropen.com and/or www.ohmcraft.com.

About Exxelia USA Holding Inc.
Exxelia USA Holding Inc. is a wholly-owned subsidiary of Exxelia, a Paris-based leading global designer and manufacturer of high-rel passive components and subsystems. Over the past two decades, Exxelia has grown and strengthened its international reach through strategic acquisitions in the U.S., Vietnam, Morocco and France. Today, Exxelia Group is comprised of thirteen manufacturing entities serving high-tech industrial sectors. For more information, visit www.exxelia.com. 

About InterOcean
InterOcean Advisors LLC is an independent investment bank that provides mergers and acquisitions and capital raising advisory services to manufacturing, industrial and related business-to-business service provider companies. For more information, please visit www.ioadvisors.com.