ALBANS, Vt.— Artemis Capital Partners, a private equity firm founded in 2010 and based in Boston, recently acquired Superior Technical Ceramics (STC), based in St. Albans, Vermont. Under Artemis’s ownership, STC will continue to operate as an independent company from its headquarters in St. Albans. Needham & Company acted as financial advisor to STC in the transaction.
Superior Technical Ceramics (www.ceramics.net), a privately held company with ISO 9001:2015 and AS9100 certifications, has 162 employees working in a 135,000-square-foot manufacturing facility. Known as an innovator in advanced ceramics technologies, the company provides technical ceramics, including components, to the aerospace, defense, analytical instrumentation, energy, oil and gas, and semiconductor processing industries. Its products offer a distinct set of properties that make them well-suited for use in technical applications that include high heat, corrosive environments, thermal management challenges, mechanical wear problems, electrical insulation requirements, and high temperature and pressure conditions.
“We are excited about partnering with Artemis,” said Superior Technical Ceramics President John Goodrich, in a release from the company. “By combining STC’s strong operating team with Artemis’s strategic ownership, the company is poised for a new era of growth and innovation. Most importantly, our customers can count on a seamless transition and our unwavering focus on performance, quality, and service. We are committed to staying in St. Albans, where we will continue to make decisions locally, pursue further job growth, and be an active member of the local community and the greater Vermont economy.”
Artemis Capital Partners (artemislp.com) invests exclusively in differentiated industrial technology companies operating in the aerospace, automotive, defense, energy, industrial automation, scientific and research, and medical sectors.
“From the first day we visited STC, we saw a company with all the hallmarks of scalable growth—a customer-centric culture; technical advantages spanning both materials and processes; a passion for applications engineering; and a motivated team, hungry for partnership,” said James F. Ward, principal at Artemis and new board member at STC, in the release. “STC’s dual commitment—to customer and technology—perfectly fits our investment model.”
Peter A. Hunter, Managing Partner at Artemis and new Board member at STC, agreed.
“STC’s capabilities speak for themselves and we plan to further invest in the company’s people, technology, equipment, and partnerships to realize STC’s full potential as a world-class player in the advanced ceramics market—from right here in Vermont.”