AGC Partners Advises EpiWorks on its Sale to II-VI

AGC Partners is pleased to announce that its client, EpiWorks, Inc., a leading provider of epitaxial wafers for electronic and photonic device applications, has been acquired by II-VI Incorporated. EpiWorks’ 25,000-square foot, Class 1000 cleanroom epi foundry will provide a significant expansion of II-VI’s product portfolio while EpiWorks’ industry expertise dovetails nicely with II-VI’s core competencies as an engineered materials company. The acquisition is valued at $43 million in cash paid at closing with a $6 million earn out payable over three years if various performance targets are achieved. With a team led by Rob Buxton, AGC Partners acted as sole financial advisor to EpiWorks.

AGC began working with EpiWorks several years ago, becoming familiar with our business and Company as we serve a highly specialized market. Together, we built a process to rapidly evaluate opportunities and recognize potential strategic partnerships. As the opportunity to partner with II-VI grew, Rob was able to rapidly drive a successful transaction through an intense process and achieve an outcome that the founders and management are very proud of. I would recommend AGC as a financial advisor. Quesnell Hartmann, Chief Executive Officer, EpiWorks

AGC Partners acted as sole financial advisor to EpiWorks in February, 2016