Capital Deployment and M&A Highlights
Track Record of Successful M&A - Deals Prior to IMG
Key M&A Strategies
•
•
.
Expand Portfolio of Proprietary
Product Offerings
Expand Served Markets and
Geographic Footprint
Gain Market Share with Key
OEM Customers
Expand and Diversify
Customer Base
Accretive to Gross and Operating Margins;
Target Returns > WACC
Acquisitions have expanded Ichor's SAM, Customer and Geographic
Footprint and/or Product and IP Portfolio
2016
AJAX
custom manufacturing
Deal Value: $18 million
Expansion of chemical delivery SAM
Development of proprietary LDM product
Annual revenue expectation at close:
$30 million
2018
IAN Engineering
Deal Value: $7 million
•
•
.
2017
CALWELD
Deal Value: $50 million
Expansion of weldment SAM
Expansion of weldment and sub-assembly
capabilities
• Annual revenue expectation at close:
$65-$80 million
2019
Flow Control IP
2017
TALON
INNOVATION WITH PRECISION
Deal Value: $130 million
• Expansion of precision machining, weldment and
gas delivery SAMS
• Expansion of gas delivery component IP portfolio
Annual revenue expectation at close:
$70-$90 million
2020
crm
•
Expansion of customer and geographic
•
footprint into South Korea
Expansion of flow control product & IP
portfolio via asset purchase
•
Expansion of gas delivery, weldment and liquid
delivery opportunity
•
Valuable intellectual property for developing
next-generation gas panel
• Annual revenue expectation at close:
$20 million
(Mexico Division)
Expansion of precision machining SAM
Expansion of precision machining capabilities in
a low-cost region
• Year-to-date revenue: <$10 million
Note: Acquisition revenue contribution amounts for Cal-Weld, Talon Innovations and IAN Engineering based on expected annual revenue contributions as disclosed in transaction announcement press
releases. Ajax revenue annualized based on $20 million in revenue generated for the 8 months ended 12/31/16. CRM (Mexico Division) revenue based on year-to-date revenue as disclosed in transaction
announcement press release.
ichor
Proprietary
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