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Genesis Capital Advises On Sale Of Largest U.S.-Based Provider Of Silicon Wafer Reclaim Services

Genesis Capital is pleased to announce that Wafer Holding Company, LLC (“Pure Wafer”) has been acquired by Edgewater Capital Partners (“Edgewater”).

Pure Wafer is the largest U.S.-based provider of silicon wafer reclaim services and supplies virgin silicon wafers, specialty thin film deposition products, and silicon parts services. Pure Wafer focuses on creating efficiency and solving problems for its customer base, which includes most of the world's largest semiconductor suppliers and equipment manufacturers.

Jerry Winters, President & CEO of Pure Wafer, said, “Genesis Capital did a tremendous job in helping our Company review its strategic alternatives and ultimately transitioning to a new ownership group which better positions us for the future.  Their support and expertise were paramount in helping us navigate the many steps of selling the Company, and we are grateful to have had such experienced and knowledgeable advisors throughout this process”.

Bob Girton, Partner at Edgewater, said, “It’s becoming increasingly difficult to find a silicon solutions company with the ability to keep up with next-generation technology nodes. We have identified several organic and inorganic opportunities to continue to grow the Pure Wafer platform. We plan to continue to build on its heritage of developing advanced wafer processing solutions by using ingenuity, investing in capability upgrades, and expanding capacity for all wafer diameters”.

Jerry Winters also added, “We are pleased with the completion of the acquisition of Pure Wafer by Edgewater. We look forward to continuing our devotion to add value to our global customer base by providing innovative solutions and high-quality products”.

Genesis Capital, LLC acted as the exclusive financial advisor to Pure Wafer and Squire Patton Boggs LLP and Pascual LLC provided legal counsel.  Edgewater received legal counsel from Taft Stettinius & Hollister LLP.  Centerfield Capital Partners and Sterling National Bank provided debt financing in support of the acquisition.

About Pure Wafer Inc.
Pure Wafer is the largest U.S. based provider of silicon wafer reclaim services and supplies virgin silicon wafers, specialty thin film deposition products, and silicon parts services. Pure Wafer supplies its customers from multiple locations, including its two major manufacturing sites in San Jose, CA and Prescott, AZ.

About Edgewater Capital Partners
Edgewater Capital Partners, headquartered in Cleveland, Ohio, is a sector focused private equity firm investing in lower, middle-market performance materials businesses.  Edgewater has extensive experience and expertise in niche manufacturers of specialty chemicals, pharmaceuticals, and engineered substances. Twenty years of industry specific investing has allowed the Firm to develop a deep understanding of the complexities and nuances common to these businesses.  Edgewater is strategic, patient capital looking for opportunities to partner with owner-operators, management teams, and employees in developing, enhancing, and growing market leading businesses.

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