Aztech Controls (“Aztech”), an Arizona-based manufacturer and distributor of process control products has completed the divestiture of its distribution business to SemiTorr Group, Inc. (“SemiTorr”) of Tualatin, Oregon.
Aztech manufactures and distributes high-purity gas and fluid handling systems and components that meet the stringent requirements of the semiconductor industry, as well as the environmentally challenging needs of customers in mining, wastewater, and power generation industries. Aztech’s distribution business is focused on geographic markets in the Southwestern U.S.
SemiTorr, a portfolio company of Riverlake Partners, Inc., is a leading sales and distribution company supporting the semiconductor/microelectronic, life sciences and food and beverage markets. Founded in 1988, SemiTorr serves its customer base from its Oregon headquarters and eight distribution centers located across the Western and Northeast U.S.
“Because of their similar business models and industry specializations, but different geographic markets, this transaction is a win for both parties,” said Joe Froehlich, Managing Director for TKO Miller, LLC., who acted as Aztech’s investment bank. “Aztech gives SemiTorr access to its southwestern semiconductor customer base, as well as its customers in the mining, wastewater, and power plant sectors." In addition, the transaction creates liquidity for Aztech’s owner as he scales down his business activities.”
About TKO Miller
TKO Miller, LLC is a leading middle market investment bank focused on providing merger, acquisition, and other transaction advisory services. TKO Miller is recognized nationally for its expertise in manufacturing, commercial and industrial services, healthcare services, consumer products, and business services.