Boston, MA -- (SBWire) -- 10/17/2011 --C.W. Downer & Co., a leading global middle-market investment bank, is pleased to announce that Nova Capital Management has sold DiaCom Holdings, Inc., to Boston-based private equity firm, Fulham & Co. C.W. Downer & Co. acted as exclusive financial advisor to Nova Capital on the divestiture. The transaction closed on October 7, 2011 and the deal value was not disclosed.
Based in Amherst, NH, DiaCom designs, engineers, and manufactures state-of-the-art molded elastomeric diaphragms. The highly engineered fabric-reinforced rubber components are used in industrial, automotive, aerospace, medical, and food & water processing applications. DiaCom was acquired by Nova Capital in 2007 and is currently the leading customized solutions provider of performance critical diaphragm seals in North America.
“For over a decade, we have worked closely with numerous North American and European seals & elastomeric product manufacturers on successful acquisition and divestiture programs,” said Wade Aust, Managing Director & Partner with C.W. Downer & Co. “Our sector experience and longstanding relationships with many of the key decision makers in this industry create significant value for our clients. We are thrilled to have closed yet another transaction in this sector and continue to build our reputation as a leading advisory firm within this niche market,” he concluded.
“DiaCom’s leading market position and strong underlying fundamentals made it a very attractive asset that garnered significant interest from both domestic and international strategic acquirers as well as US middle market private equity groups,” said Christopher Donegan, Vice President with C.W. Downer. “As a result, we were able to run a highly competitive process through to completion that incorporated elements such as a locked-box mechanism and rep & warranty insurance in order to provide Nova Capital Management with the clarity they desired on the final deal economics.”
The C.W. Downer transaction team advising on the sale of DiaCom included Mr. Aust, Mr. Donegan, David Waldstein (Associate), and Jenny Chen (Analyst) with the firm’s Boston office, and Philip Smith (Managing Director) with the firm’s Dublin office.
About C.W. Downer & Co.
C.W. Downer & Co. is an independent, global investment bank offering middle-market clients a high level of personal attention coupled with 35 years of international execution experience. We provide insight, not just information. We generate value, not just transactions. With eight fully integrated offices on four continents, we consistently identify the most appropriate strategic buyer and uncover “hidden” acquisition targets. C.W. Downer & Co. delivers the reach of a bulge-bracket investment bank with the senior level focus of a boutique.
C.W. Downer & Co. Advises on Sale of DiaCom Holdings, Inc.