Polymicro Technologies, LLC
Investment Date
June 1999
Situation Type
Corporate Divestiture
Keystone partnered with the management of Polymicro to acquire the company from Spectranetics Corporation (NASDAQ:SPNC), to which the business was a non-core operation.
Headquarters
Phoenix, AZ
Products/Services
High precision capillary tubing and optical fiber used in instrumentation, medical, telecommunications, and industrial applications
Customer Base
Fortune 500 companies serving broad end markets with technical goods
Interesting Fact
Supplied several kilometers of optical fiber into CERN’S Large Hadron Collider, the largest and highest-energy particle accelerator in the world
Acquisitions During Ownership
GSI Lumonics’ Phoenix Operation (2000): Acquisition of a manufacturer of accessories used primarily for scientific and medical applications
Exit
Polymicro was acquired by Molex, Inc. (NASDAQ: MOLX) in 2007
“KEYSTONE WAS MORE THAN JUST A FINANCIAL PARTNER – THEY ARE LONG TERM PARTNERS, BOTH OPERATIONALLY AND FINANCIALLY, IN HELPING BUILD OUR BUSINESS. EVEN DURING THE TOUGH ECONOMIC PERIODS KEYSTONE WAS OUR BEST CHEERLEADER. THEY TRULY WERE THE BEST PARTNERS FOR OUR BUSINESS.”
- GARY NELSON, PRESIDENT, POLYMICRO
