Plansee TMS Acquired by Courtney Group, Pegasus Capital Group

October 24, 2012 5:26 PM EDT
A private investor group led by The Courtney Group and Pegasus Capital Group acquired Plansee TMS, a designer and manufacturer of custom components from engineered materials for microelectronics, from the Plansee Group. Terms of the transaction were not disclosed.

The business will now be known as SANTIER and will continue to operate out of its facilities in San Diego and be led by its current President & CEO Vimal Dutt.

"We are very pleased to acquire Plansee's custom components for microelectronics business as it perfectly fits our business model of investing in growth-oriented, mid-sized manufacturing companies with strong leadership teams, proven technology and a customer-centric solutions focus,” said Thomas W. Courtney, Jr., President, The Courtney Group. "We have a history of acquiring businesses from large, corporate parents. Working with our team of operating executives we have often set up new systems for businesses to operate on a stand-alone basis."

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