Adrian JohnsonTLDR:
Austin American Technology (AAT), a leading manufacturer in the electronic assembly industry, has acquired Aqua Klean Systems, a notable competitor based in Anaheim, California. TAP Financial Partners served as the exclusive investment banking representative, providing advisory support throughout the acquisition process. The acquisition expands AAT’s product offerings with Aqua Klean’s advanced inline cleaning and water filtration systems, strengthening AAT’s market position and establishing a valuable presence in California.
Austin American Technology (AAT) has successfully completed the strategic acquisition of Aqua Klean Systems, a prominent competitor in the electronic assembly industry. TAP Financial Partners, a boutique merchant bank, provided advisory support as the exclusive investment banking representative. The acquisition allows AAT to expand its product offerings with Aqua Klean’s advanced inline cleaning and water filtration systems. This move strengthens AAT’s market position and enables operational enhancements and regional growth in California.
The acquisition of Aqua Klean Systems by Austin American Technology (AAT) strengthens AAT’s position in the electronic assembly industry. AAT is a leading manufacturer and builder of industrial-grade cleaners for the industry, while Aqua Klean Systems specializes in advanced inline cleaning and water filtration systems. The acquisition not only expands AAT’s product offerings but also establishes a valuable presence in the competitive California market.
During the acquisition process, TAP Financial Partners provided vital advisory support to AAT. The boutique merchant bank played a pivotal role in structuring the deal, conducting due diligence, and facilitating the closing. Todd Rountree, president and COO of Austin American Technology, acknowledged the importance of TAP’s expertise in completing the transaction successfully.
The acquisition not only strengthens AAT’s capabilities but also allows for operational enhancements and regional growth. AAT recognized the need for experienced advisory support, and TAP Financial Partners brought valuable insights and expertise to the table. The collaboration between AAT and TAP Financial Partners is a testament to the success of their shared strategic vision.
