先进制造业月度更新——2025年5月

Advanced ManufacturingIndustry Update |May2025 www.cascadiacapital.comMember FINRA and SIPCAUSTIN | LOS ANGELES | MINNEAPOLIS | NASHVILLE | NEW YORK | SEATTLE Advanced Manufacturing Report |May2025 Edition Overview Introduction Cascadia Capital is a team of transparent, client-focused, trusted advisors with deep knowledge ina broad range of industries. We’re different from most investment banks because we’re notconflicted by trading, lending, research or cross-selling business. We partner with our clients todeliver results based on our domain expertise, transaction experience, and commitment to long-term relationships. We have provided our services to leading private equity firms and extraordinarybusiness owners for over 20 years. With bankers across multiple industry verticals, CascadiaCapital has the experience to offer industry breadth while maintaining sector depth. Our industry-focused bankers are extremely knowledgeable in their field and deliver tailored advice andsolutions to suit the unique needs of our clients. Our sector specialists stay on top of market trends,risks and opportunities which makes us a valuable and trusted advisor to our clients. CONTENTS ▪Select AdvancedManufacturing Transactions▪2025 AdvancedManufacturing Conference▪Key Trends▪Key Statistics▪What We’re Reading▪Historical Trading Statistics▪Public Comparables▪Select M&A Activity▪Industry Events Introduction to Kevin Frisch Kevin Frisch is a Managing Director who focuses on Advanced Manufacturing atCascadia Capital. He has extensive advisory and financing experience over his 25+year investment banking career. His expertise includes marrying extensive industryknowledge and experience with creative financing and advisory solutions to give clientsthe best range of options to pursue and then execute on their behalf. CONTACTS Kevin previously founded and led the Advanced Manufacturing & Supply Chain practiceat Imperial Capital for approximately a decade. Prior to this, he covered IndustrialTechnology and Additive Manufacturing companies at FBR Capital Markets. He startedhis post-MBA career as a Mergers and Acquisitions specialist in Industrials at LehmanBrothers and was in that role for nearly 10 years. Prior to business school, he workedat Oppenheimer & Co. and Chase Securities. Kevin FrischManaging Directorkfrisch@cascadiacapital.com+1 (917) 584-7803 Mark SmithVice Presidentmsmith@cascadiacapital.com+1 (425) 677-4077 Kevin holds a B.A. in Economics and Public Policy from Duke University and an M.B.A.from the Booth School at the University of Chicago. ByTheNumbers Areas of Coverage •Advanced Materials•ContractManufacturing &Assembly•Digital & SpecialtyManufacturing•EngineeredComponents•Engineering &SupportServices•FactoryTechnology•Maintenance,Repair, &Operations DedicatedTeamMembers4 ClosedAdvanced ManufacturingTransactions35+ End Market Focus IndustrialTechnology Aerospace, Space,& Defense General Industrial Advanced Manufacturing Report |May2025 Edition Select Advanced Manufacturing Experience Founders retainedminority interest whilereceiving liquidityfrom GodspeedCapital. Divestiture of medicalinjection moldingbusiness to Cadence,a portico of Kohlberg& Co. Defense and medicalmachining businesssold toEmkoCapital. Sale of 3rdgeneration aerospaceand defenseprecision machiningbusiness toUnisyn,an AEA portfoliocompany. Sale of 2ndgeneration familybusiness to AltusCapital. Sale of founder-owned metalfabrication businesstoTideRock. Sale of privatelyowned additivemanufacturingbusiness to CoreIndustrial Partnersportfolio companyFathom. Advised entrepreneurin finding strategicgrowth equity capitalfromMiddlebyCorporation. Taken private bymajority shareholdersof metal injectionmolding business. Sold AppliedTechnical Services toelectronicmanufacturingservices businessCreationTechnologies. Divestiture of 3DMaterial Technologyto AerojetRocketdyne. Divestiture of highstrength aluminumalloy business,Aerometto Altana. S E P T E M B E R 2 0 1 7has been acquired bya parent company of51% / 49% investment byMinbeaMitsumi / DevelopmentBank of Japan Sale of founderowned business toU.S. manufacturingsubsidiary ofMinebea Mitsui. Sale of Imperial, adefense precisionmanufacturingbusiness to KaiserAluminum. Divestiture ofCalram,a space and defenseadditivemanufacturingbusiness. Sale of entrepreneurowned precisionmanufacturer ofcritical componentsfor Aerospace &Defense, Medical,and other Industrialmarkets. Sale of anengineered materialsand coatingsbusiness to thesemiconductorindustry. Sale of founderowned aerospace,space and defenseprecisionmanufacturer. Advanced Manufacturing Report |May2025 Edition Key Statistics Cascadia is Tracking Advanced Manufacturing Report |May2025 Edition What the Cascadia Team is Reading this Month Tariffs Could Spike Costs for Domestic Automakers by $108B Manufacturing Dive–April2025 An analysis by the Center for Automotive Research concluded that tariffs targeting the auto industry