River Associates has sold Coining to AMETEK

Lincoln International, a leading global mid-market investment bank, has announced that Coining Holding Company (“Coining”) has been sold to AMETEK, Inc. (NYSE: AME) for $148 million. Coining was a portfolio company of River Associates Investments, LLC (“River”), a private equity firm based in Chattanooga, Tennessee.

Based in Montvale, New Jersey, Coining is a global leader in custom-shaped preforms, microstampings and wire used for joining electronic circuitry, packaging microelectronics and providing thermal protection and electric conductivity for a wide range of electronic devices. Coining’s products are used in highly engineered applications for the RF/microwave, photonics, medical, aerospace and defense, and general electronics industries. AMETEK is a leading global manufacturer of electronic instruments and electro-mechanical devices with 2010 sales of $2.5 billion.

Lincoln International acted as the exclusive financial advisor to River, working closely with Coining’s senior management team throughout the sale process. This included providing advisory expertise and managing the preparatory, marketing, negotiation and due diligence phases of the transaction.

Mike Brookshire, Partner at River, commented, “Through a tailored marketing effort and clear understanding of Coining’s business and industry dynamics, Lincoln created attractive alternatives for the shareholders resulting in a favorable strategic outcome.” Gary Holcomb, CEO of Coining, added, “Lincoln provided expert guidance to the management team throughout the sale process and helped us find the right partner to allow our business to continue its strong growth.”

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