Client: Keithley Instruments
Transaction: Sale of Keithley Instruments’ Radiation Measurement Division to Inovision LP
Company Description: Keithley’s Radiation Measurement Division (RMD) designs and manufactures equipment used to detect the amount of radiation individuals are exposed to. Among other areas, the equipment is used onboard nuclear powered ships and submarines.
Summary: Keithley sought to divest RMD to enable it to focus on its other lines of business, which represented the vast majority of its revenue and profit. Plaisance assisted RMD in identifying potential acquires, presenting RMD’s history and prospects and negotiating a transaction. RMD was sold to Inovision LP, a unit of Bank One Venture Partners.