Ametek (NYSE:AME) announced on May 9th that it had acquired Coining Holding Company from an investor group led by River Associates Investments. The transaction was done at $148 million in cash. Coining’s annual sales are estimated at $65 million. Coining manufactures preforms, bonding wire, and other components used in electronics assemblies.

While profitability information was not made public, Manning Advisors sees this deal in excess of 10x EBITDA should standard electronic materials multiples hold for Coining. If accurate, this multiple is two to three multiple units above the 7.3X average currently in place for specialty material transactions.

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