SyBridge Technologies Acquires Galway Tool & Mould
Galway is SyBridge’s first acquisition in Europe and its thirteenth in three years, adding to the company’s Life Sciences & Consumer portfolio.
On Oct. 11, SyBridge Technologies announced that it acquired Galway Tool & Mould Ltd. Galway Tool & Mould is headquartered in Galway, Ireland, and expands SyBridge’s presence in the high-precision life sciences end market. This transaction represents SyBridge’s first investment in Europe and its thirteenth acquisition since inception in 2019 (find a list of U.S. moldmaking acquisitions below).
For more than 30 years, Galway has designed and manufactured high-precision, high-performance molds, primarily for the pharmaceutical and medical device industries. Its location in Ireland places it at the epicenter of Ireland’s more than 300 medical technology manufacturers. Galway provides full end-to-end solutions, from design and engineering to aftermarket parts, spares and repairs.
New York-based private equity firm Crestview Partners established SyBridge Technologies in 2019 and committed $200 million of equity capital to create a market leading value-added manufacturing solutions provider spanning end-markets, geographies and advanced technological capabilities.
“Galway is an excellent addition to SyBridge’s growing industrial technology platform. They have a long and proven track record of exceeding customer expectations in applications that require high levels of precision and quality,” Byron J. Paul, the new CEO of SyBridge Technologies. “This transaction also marks an important milestone for SyBridge by expanding our footprint into Europe. The addition of Galway to our Life Sciences business allows us to better serve our global customers through our operations in North America and now Europe”
“We are pleased to be part of SyBridge Technologies,” Padraig McFadden, Galway founder and managing director, notes. “The combination of Galway’s expertise in the field and SyBridge’s breadth of manufacturing and technology capabilities across North America enhances opportunities for our customers and employees alike.”