BIRMINGHAM, AL. (November 10, 2023) – Founders is pleased to announce that Raptor Scientific (“Raptor”), a renowned provider of cutting-edge test and measurement instrumentation, has acquired MEDTHERM Corporation. (“MEDTHERM”).

MEDTHERM is the leading provider of heat flux sensors and infrared radiometers for mission-critical applications in the Aerospace, Defense, Commercial Spacecraft, and Industrial markets. Renowned for its precision and reliability, MEDTHERM’s products are trusted by industry professionals worldwide. By integrating MEDTHERM’s advanced technology into its product lineup, Raptor Scientific will be able to offer customers unparalleled solutions that meet the highest industry standards.

Dale and Lisa Watring, owners of MEDTHERM commented, “We are extremely pleased with the outcome delivered by the Founders team. They found us an ideal partner for MEDTHERM’s next stage of growth, one that is aligned with our vision of continuing to grow and invest in the business so that we can better support our customers and employees.”

“It is clients like Dale and Lisa that make our job so rewarding and we are thrilled to have been a part of achieving this milestone with them,” added Vaughn McCrary, Director at Founders Advisors. “We are excited to watch this partnership unfold and see the results to come.”

About MEDTHERM

MEDTHERM is the leading provider of heat flux sensors and infrared radiometers for mission-critical applications in the Aerospace, Defense, Commercial Spacecraft, and Industrial markets. Renowned for its precision and reliability, MEDTHERM’s products are trusted by industry professionals worldwide.

About Raptor Scientific

Raptor Scientific is a global leader in complex test and measurement solutions for advanced Defense, Space, and Aerospace applications. The Raptor platform results from the prior acquisition and integration of four companies: Space Electronics, Sensor Concepts, TestVonics, and King Nutronics. Raptor’s core capabilities include an extensive range of test and measurement instrumentation and services, including Radio Frequency Systems; Physical Property Systems; and Pressure, Air Data, & Temperature Systems, that are critical to technological advancement and national security of the U.S. and its allies.

About Founders Advisors

Founders is a merger, acquisition, & strategic advisory firm serving middle-market companies. Founders focuses on helping companies across technology, business services, consumer, energy, industrial, and healthcare industries. Founders’ skilled professionals, proven expertise, and process-based solutions help companies access growth capital, make acquisitions, and/or prepare for and execute liquidity events to achieve specific financial goals. In order to provide securities-related services discussed herein, certain principals of Founders Advisors, LLC are licensed with Founders M&A Advisory, LLC, member FINRA and SIPC. Founders M&A Advisory, LLC is a wholly owned subsidiary of Founders Advisors, LLC. Founders Advisors, LLC does not provide investment advice. For more information, please visit www.foundersib.com.