About the Transaction
Paramax advised Thermal Kinetics Engineering, PLLC and Thermal Kinetics Systems, LLC (collectively “TK” or the “Company”) on the sale to RCM Technologies (USA), Inc. TK is a key technology and development partner who provides engineering services and equipment contracting for construction, industrial processes, and industrial processing facilities. Utilizing its extensive library of patents, trade secrets and knowhow, the Company engineers and builds optimal thermal integrations and unique separations approaches for industrial processes and equipment. Paramax served as the exclusive M&A advisor to TK on this transaction.
RCM Technologies, Inc. (NasdaqGM:RCMT), provides business and technology solutions to the commercial and government sectors in the United States, Canada, Puerto Rico, and Serbia. The Company operates through three segments: Engineering, Specialty Health Care, and Information Technology. “We are very pleased to welcome Thermal Kinetics into the RCM family,” commented Frank Petraglia, President of Engineering Services for RCM. “This acquisition will build and strengthen RCM’s reputation as a premier single-source provider of engineering and technology solutions, having a strong customer focus and offering an integrated suite of services. Thermal Kinetics has built an outstanding reputation for providing core technologies, designs and process operations and their suite of services will compliment what RCM already provides.”
Paramax Corporation is a FINRA-registered investment banking firm focused on advising companies and shareholders in sell-side M&A transactions to strategic buyers at after-tax optimized prices. Paramax has offices in Williamsville, NY and Rochester, NY with an International reach through its partnership with Globalscope Partners, a leading group of corporate finance and business advisors operating globally to support M&A transactions. In addition to its sell-side advisory practice, Paramax engages with clients on buy-side and recapitalization transactions, as well as valuation and strategic consulting.