INNOViON Announces TSS Acquisition

INNOViON Corporation and Thompson Support Services, Inc. (TSS) announced today an agreement for INNOViON to acquire TSS’s ion implant service business.

Tim Townley, CEO of INNOViON, stated, “We are very pleased to announce this acquisition. TSS’s expertise and equipment set is largely focused toward high energy implanting, a focal area of INNOViON’s business that is rapidly growing. We will work closely with TSS’s customers as we systematically transition the tools and activity to our San Jose, CA facility over the coming months.”

Both companies will work together to ensure a smooth transfer and ongoing support for their customers.

West Peak Partners acquires INNOViON

West Peak Partners, a private venture capital group, announced today that they have acquired INNOViON Corporation, a provider of foundry ion implant services for the micro-electronics industry.

W.G. Nielsen & Co., based in Denver, Colorado, acted as the advisor to West Peak Partners in raising senior secured debt, mezzanine debt and equity to facilitate the acquisition. First Capital Partners, a private investment firm based in Omaha, Nebraska, provided the mezzanine debt and equity. Enterprise Bank & Trust, based in St. Louis, Missouri, provided the senior secured debt.

Gary Holyoak, CEO of INNOViON, stated “INNOViON is very pleased with this acquisition by West Peak Partners. These investors are very familiar with our technology space and are energized by our current performance and the opportunities that lie ahead of us.”

West Peak Partners added, “We are very excited with this opportunity to invest in INNOViON’s future. INNOViON is performing impressively, with an excellent team executing at a high level. With our support, we believe there are significant opportunities to take the company even higher.”