Acquisition Case Studies

At Salvo Technologies we are committed to strategic growth whether it be organic or through acquisition

We have an active mergers and acquisition team that looks at companies that closely align with our vision and strategy.

If a merger or acquisition makes more sense, as in the case of Next Phase Optics, we put together an offer.

Next Phase Optics Acquisition Case Study

Background
Next Phase Optics is a manufacturer and supplier of optical materials for the defense, aerospace, industrial, medical and research markets.

Deciding to Sell
After several years of strong results, Ted lost a business partner, which changed the balance of his workload. As a result, Ted and his wife decided to consider the option of selling Next Phase Optics.

The Acquisition
Upon reaching an agreement, the acquisition process took place in 2014. Over the course of about one month, Salvo staff packed and shipped the company’s equipment to Salvo headquarters in Seminole, Florida.

Conclusion
“Salvo Technologies does not just exist to make money,” remarked Ted. “They are dedicated to growth and dedicated to the optics industry. It’s clear that I left my business in very capable hands. I’m glad I made my decision and would advise anyone to do the same.”

Kreischer Optics Acquisition Case Study

Background
Kreischer Optics is a family-owned manufacturer of custom precision glass optics including glass optical aspheres, spheres, freeforms and cylinders available in UV, visible and IR.

Deciding to Sell
“The reason I took Salvo seriously was because of what it was doing in the industry,” said Tina. “With the Salvo group’s recent growth and acquisition of some of the industry’s most innovative companies, it seemed like the safest place to release my company and secure its future.”

The Acquisition
From start to finish, the acquisition process lasted approximately two months, and was finalized in April 2021. Kreischer Optics was relocated to the Salvo Technologies headquarters in Seminole, Florida.

Conclusion
“I’m excited about the potential I see in Salvo, and my company’s future with the group,” said Tina. “They are respecting the history of Kreischer Optics and keeping our name, which was very important to me. It builds on Cody and Emil’s legacy, and honors our history as well as our future.”

Arrow Thin Films Acquisition Case Study

Background
Arrow Thin Films is a high-volume manufacturer of film coatings, optics, high damage threshold coatings, and UV coatings for the medical, industrial, military, scientific, government research and development, and telecommunications markets.

Deciding to Sell
“Once the possibility of selling Arrow Thin Films became a reality, I thought back on the reasons why I started the company in the first place,” said Jon. “I eventually came to the realization that the company had always been for sale if the move would strengthen what I started and help ensure the future of Arrow Thin Films and everyone involved.”

The Acquisition
Throughout the process, Jon was impressed by how straightforward Salvo Technologies’ offer was. Having grown accustomed to complex 15-page documents outlining earnouts, holdings, and other details, he found Salvo’s easy approach a refreshing change.

Conclusion
“I am impressed with the amount of different markets Salvo has expanded into, and their continual focus on adding new capabilities through strategic acquisitions,” said Jon. “This group has an incredible amount of potential and is growing very quickly. For any business owners hesitant of considering joining the group for fear of complex and drawn-out negotiations or being cut out of their own business, I would recommend they keep an open mind.”