Context
Headwall Photonics (based in Bolton, Massachusetts, founded in 2003), provides comprehensive and world-leading hyperspectral imaging solutions and spectral instrumentation with deep proprietary technology from the components level all the way to systems and solutions software
Headwall enables industrial automation to move to the next level of value-creation by transitioning from traditional vison and sensor systems to hyperspectral imaging solutions in order to determine object properties, detect the presence of key chemicals or impurities, determine the health and ripeness of agricultural crops, enable earth observation, assist in healthcare diagnoses, etc.
The sale of the business occurs at a critical inflection point in the market with hyperspectral technologies experiencing growing mainstream adoption by more and more industrial customers
In Arsenal Capital Partners, the shareholders have found a private equity firm highly experienced in growing industrial automation companies to the next level of maturity, with sector expertise in optical and spectral imaging technologies
Arsenal Capital Partners provides a solid foundation for the business to transition from the current shareholders and founders, leveraging the management team’s capabilities to further accelerate growth of the business in the coming years
About Headwall Photonics
Headwall Photonics is a leading designer and manufacturer of hyperspectral imaging spectrometers and spectral instrumentation for industrial, commercial, and government markets. Headwall’s high-performance instruments have been selected by end-user corporations, OEMs, and universities around the world. Headwall enjoys a market leadership position through the design and manufacture of spectral instrumentation that is customised for application-specific performance.
About Arsenal Capital Partners
Arsenal is a specialised private equity firm with market-leading franchises in the industrials and healthcare sectors. The firm’s mission is to build high-growth, technology- and innovation-rich businesses that are strategically important in their markets and deliver value for all stakeholders.
Deal Team
Should you want to know more about this transaction, you can contact one of the team members above
Bryan, Garnier & Co acts as Sole Financial Advisor to the shareholders of Headwall Photonics on the sale of the company to Arsenal Capital Partners
Bryan, Garnier & Co acted as Sole Financial Advisor to the shareholders of Headwall Photonics
Bryan, Garnier & Co ran a tightly managed process with a global reach-out to private equity firms and strategic acquirers through its team of technology and industrial automation specialists in both Europe and the US. This process enabled the shareholders to select from a number of interested parties, and to guide the selected parties with flexibility to accommodate new interest while maintaining a timely close
David Bannon, co-founder and CEO of Headwall stated, “We were impressed by Bryan Garnier’s professionalism, industry knowledge and process management, enabling Headwall Photonics to deliver a great financial outcome for shareholders and find the right home as a basis for its continued growth”
This transaction demonstrates Bryan, Garnier & Co’s international strength and continues a fantastic run of successful transactions for leading companies in optics and industrial engineering (including the December 2020 sale of hyperspectral imaging company Specim to Konica Minolta)
Share