SAN FRANCISCO—Francisco Partners, a technology-focused private equity firm, said Thursday (Jan. 5) it acquired Ichor Systems Inc., a designer and manufacturer of process tools and gas and chemical delivery modules sold to capital equipment makers serving the semiconductor industry and others. Financial terms of the deal were not disclosed.
"We see a real opportunity for Ichor Systems to build upon its operational strengths, global workforce and deep industry relationships to drive growth," said Andrew Kowal, a partner at Francisco Partners and head of the firm’s semiconductor and hardware investment activities, in a statement. Kowal said Francisco Partners would work closely wtih Ichor's management to capitalize on those opportunities.
Since its founding in 1999, Ichor (Tualatin, Ore.) has collaborated with capital equipment manufacturers on system design, serving as an outsourced manufacturer for complex subsystems, according to the company. In addition to the semiconductor market, Ichor also serves vendors of LED, data storage and alternative energy capital equipment, according to the company.
The acquisition was completed on Dec. 30, according to Francisco Partners.