SemiTorr Acquires Tru-Flow to Expand Presence in Biotech and Pharmaceutical Equipment Market

VCBeat (WeChat ID: vcbeat) has learned that SemiTorr Group, a portfolio company of Transom Capital Group, recently announced the acquisition of medical technology company Tru-Flow. Russ, August, and Kabat served as M&A advisors to SemiTorr, while Fairfield and Woods acted as M&A advisors to Tru-Flow. The transaction was supported by Bank of America Merrill Lynch.

Tru-Flow is a distributor and agent for equipment in the biotechnology and pharmaceutical industries, headquartered in Denver, Colorado. It provides products and solutions for the biotech and pharma sectors. The company offers a wide range of tools and products required for biopharmaceutical manufacturing, including pumps, valves, sensors, single-use bags and assemblies, cleaning and washing equipment, elastomers, pipe insulation, and custom piping components.

SemiTorr Group, Inc. was founded in 1988 and is headquartered in Tualatin, Oregon, with eight distribution centers currently operating across the United States. The company is a leading distributor of high-purity gas and fluid handling systems and components, serving the microelectronics, life sciences, and food and beverage markets. Its product portfolio includes process equipment, tubing, hoses, valves, filters, instrumentation, and other accessories.

SemiTorr Group initially served the Pacific Northwest region and has since expanded its operations nationwide across the United States. SemiTorr’s expansion strategy primarily involved broadening its supplier base and pursuing acquisitions. The company completed the acquisition of AlphaBio Distribution in July 2013 and acquired Walker Hi-Tech in May 2014. On January 8, 2019, SemiTorr was acquired by Transom Capital Group. This transaction marked the first acquisition completed by SemiTorr Group since joining Transom Capital Group. Transom Capital Group is a middle-market private equity firm.

Upon completion of this acquisition, Tru-Flow will be integrated into SemiTorr’s business operations in the Southwest region.

Kevin Waddell, CEO of SemiTorr, commented, “With over 30 years of history, a world-class technical sales team, premier products, and exceptional customer service, SemiTorr has achieved significant growth. Through the acquisition of Tru-Flow, SemiTorr will become one of the leading specialized distributors for life sciences in the Western region, serving biotechnology and pharmaceutical customers throughout the area.”

Paul Trunzo, President of Tru-Flow, stated, “I am delighted that Tru-Flow has become part of the SemiTorr team. Only by leveraging SemiTorr’s resources can we fulfill our mission of delivering high-quality products and premium services to our customers. Through this acquisition, we will be able to bring more solutions to the broader potential market for biopharmaceutical devices.”

Transom Capital Group is a middle-market private equity firm based in Los Angeles, California, with a focus on the lower middle market for private equity investments and over $500 million in assets under management. The Transom Capital team has a strong track record of investing in and guiding the growth of lower middle-market businesses.

Bank of America Merrill Lynch is one of the largest financial institutions in the world, formed in September 2008 through Bank of America’s acquisition of Merrill Lynch. The firm provides merger and acquisition, equity, and debt services in the capital markets. Its core business also includes commercial lending, bonds, initial public offerings (IPOs), and mergers and acquisitions transactions.

(Compiled by Wang Yi)