Edgewater Capital Partners Completes Sale of Pure Wafer Amid North America’s Semiconductor Manufacturing Resurgence
Cleveland, OH – November 12, 2024 – Edgewater Capital Partners (“Edgewater”), a Cleveland-based private equity firm, today announced the sale of Pure Wafer, the largest U.S.-based provider of advanced silicon solutions for the semiconductor industry. This strategic transaction represents an important milestone for Pure Wafer as North America continues to reestablish itself in the global semiconductor value chain.
“We are grateful to the Pure Wafer team for their dedication and innovation,” said Bob Girton, Managing Partner at Edgewater Capital Partners. “At Edgewater, we are focused on helping performance materials companies unlock their potential by supporting growth, operational excellence, and industry leadership. Pure Wafer has exemplified this mission, experiencing strong growth as demand for domestic semiconductor solutions surged. We are confident that Pure Wafer will continue to play a pivotal role in the future of North American semiconductor manufacturing as they embark on this next chapter.”
Girton extended his gratitude to Edgewater’s co-investment partners, including Centerfield Capital Partners and Bowside Capital, for their shared vision and steadfast support. “We also acknowledge the invaluable contributions of independent board members Kathy Ta and Dan Rubin, whose guidance has been instrumental in Pure Wafer’s success,” he added.
During Edgewater’s ownership, Pure Wafer significantly expanded its capabilities to meet rising demand from semiconductor OEMs and integrated device manufacturers across the United States. Edgewater looks forward to tracking Pure Wafer’s continued growth under new ownership and is confident in the company’s enduring impact on the semiconductor industry.
Taft Stettinius & Hollister LLP served as Pure Wafer’s legal counsel during the transaction. TD Cowen acted as exclusive financial advisor to Pure Wafer.
About Edgewater Capital Partners
Headquartered in Cleveland, Ohio, Edgewater Capital Partners is a sector-focused private equity firm investing in lower middle-market performance materials and services businesses. The firm has extensive experience in investing in the people, technology, and facilities to accelerate the growth trajectory of specialty industrials, life sciences, advanced materials, and specialty chemicals businesses. Over twenty-five years of industry specific investing has allowed the firm to develop a deep understanding of the complexities and nuances common to these businesses.