Artemis Capital Partners

Artemis Capital Partners is a Boston-based private equity firm focusing on mid-market investments in industrial technology, clean tech, manufacturing, life sciences and healthcare. It acquires majority or influential minority stakes in smaller industrial technology companies with strong growth potential and applies a disciplined, hands-on approach supported by its principals' industry experience and networks. Artemis seeks to improve portfolio companies' financial and operational performance to maximize value for its investors, often partnering with management to drive growth. The firm targets opportunities in North America across sectors such as industrial automation, software and controls for manufacturing and life sciences, sensors and instrumentation, materials and chemicals, energy, and other related technologies.

Rudi Coetzee

Head of Operating Partner

Olly Forrer

Principal

Peter Hunter JD

Founder, Partner and Chairman

Euan Milne

Partner

Bill Pezza

Operating Partner

James Ward

CEO and Partner

20 past transactions

Phase Four

Series C in 2025
Founded in 2015, Phase Four specializes in developing electric propulsion systems for small satellites. Its signature product is the Radio Frequency Thruster (RFT), which offers significant cost savings, reduced size, and propellant flexibility while maintaining high performance. The company's solutions enable clients to maneuver satellites into various orbits economically.

Richland Glass

Acquisition in 2025
Richland Glass is a leading supplier of glass and quartz components and assemblies, catering primarily to the electronics industry. They specialize in precision glass manufacturing, providing customized solutions to clients in various sectors, including electronics, lighting, medical, diagnostics, and industrial markets. The company's strengths lie in its specialized glass expertise, collaborative engineering approach, and flexible custom manufacturing capabilities, allowing clients to enhance product functionality and optimize costs.

Diamond Antenna

Acquisition in 2024
Diamond Antenna is a U.S. small business organization, whose organizational and departmental structure has been designed effectively around its primary business area the design, manufacture, and refurbishment of rotary joint devices. Their technical staff possesses a unique combination of experience in the electrical, mechanical, electromechanical, and quality aspects of the RF microwave technology field.

SightLine Applications

Acquisition in 2023
SightLine Applications specializes in advanced video processing solutions for camera systems. Their hardware and software configurations enable integrators to create customized solutions, offering functionalities such as stabilization, tracking, detection, encoding with KLV, recording, and autonomous landing. With over 1 million flight hours, their processors have proven reliability.

McDanel Advanced Ceramic Technologies

Acquisition in 2022
McDanel specializes in developing and manufacturing ceramic tubes and components. Their product range includes tubes, rods, labware, wear guards, and ceramics made from materials like alumina, mullite, zirconia, and sialon. These products are designed for electrical, wear-resistant, high-temperature, and corrosion-resistant applications.

R. M. Lucas

Acquisition in 2021
R. M. Lucas is a manufacturer specializing in coatings, sealants, and adhesives designed for exterior building envelopes, waterproofing, and roof repair. The company provides a comprehensive range of products, including high-quality bituminous coatings, technologically advanced polymer-based sealants, and reflective elastomeric coatings. These offerings are aimed at addressing various environmental challenges, focusing on aspects such as weather resistance, fire safety, wind protection, and energy efficiency. R. M. Lucas serves professional building contractors by delivering reliable solutions for complex construction needs, ensuring durability and performance in diverse applications.

Maury Microwave

Acquisition in 2021
Maury Microwave specializes in the design and manufacture of microwave test and calibration equipment, focusing on enhancing wireless communication technologies and networks. The company offers a range of products, including radiofrequency calibration, measurement, modeling, and interconnect systems, as well as cable assemblies and adapters. These solutions cater to various industries, including telecommunications, semiconductor, aerospace, defense, instrumentation, and research. By providing comprehensive calibration and measurement services, Maury Microwave aims to enable its clients to deliver efficient and reliable products while reducing testing costs and accelerating time-to-market.

Omega Optical

Acquisition in 2020
Omega Optical, LLC is a manufacturer based in Brattleboro, Vermont, specializing in custom thin-film interference filters and coatings that span from ultraviolet to far infrared. Since its incorporation in 1968, the company has developed a wide array of optical products, including band pass filters, beam splitters, dichroics, and fiber tip optical coatings. These products cater to diverse markets such as medical diagnostics, where they are used in point-of-care instrumentation and real-time patient monitoring, as well as industrial applications like environmental monitoring and machine vision systems. Additionally, Omega Optical serves the defense, aerospace, and astronomy sectors, providing solutions for infrared vision systems and ground-based telescope systems. The company's expertise extends to applications in fluorescence microscopy, spectrometry, and photolithography, making it a key player in the optical filter industry.

Tekscan

Acquisition in 2020
Tekscan, Inc. is a manufacturer based in South Boston, Massachusetts, specializing in pressure and force measurement systems and sensors. Established in 1986, the company designs and supplies a wide range of products including body pressure measurement systems, tactile pressure sensing systems, handheld devices for tactile pressure data collection, and pressure imaging systems for tire tread analysis. Tekscan's offerings also encompass clinical diagnostic devices, flexible position sensors, and digital analysis systems. These products are utilized in various applications across medical, dental, and retail industries, serving both research and development needs as well as clinical applications. The company distributes its innovative solutions through a network of distributors in the United States and internationally, aiming to enhance product designs and improve outcomes in clinical and research settings.

BioDot

Acquisition in 2020
BioDot, Inc. specializes in the development and manufacture of equipment for diagnostic testing and related applications. Founded in 1994 and headquartered in Irvine, California, the company produces a variety of products including lateral flow immunoassays for point-of-care immunological testing, biosensors, and biochips. BioDot's product lineup also features automated fluid dispensing systems that operate without contact, catering to the needs of the diagnostic, life sciences, industrial, and medical product markets. Additionally, the company provides solutions for dry chemistry, solid transferring, and offers analytical techniques such as Immunoblots to detect specific proteins in patient samples. BioDot's expertise extends to lamination, cutting, and assembly processes, supporting customers from research and development through to high-volume manufacturing.

BioDot

Private Equity Round in 2020
BioDot, Inc. specializes in the development and manufacture of equipment for diagnostic testing and related applications. Founded in 1994 and headquartered in Irvine, California, the company produces a variety of products including lateral flow immunoassays for point-of-care immunological testing, biosensors, and biochips. BioDot's product lineup also features automated fluid dispensing systems that operate without contact, catering to the needs of the diagnostic, life sciences, industrial, and medical product markets. Additionally, the company provides solutions for dry chemistry, solid transferring, and offers analytical techniques such as Immunoblots to detect specific proteins in patient samples. BioDot's expertise extends to lamination, cutting, and assembly processes, supporting customers from research and development through to high-volume manufacturing.

High 12

Series A in 2019
High 12 is a consumer packaged goods company based in Toronto, Canada, specializing in the development and operation of premier global cannabis brands. Founded in 2018, the company emphasizes a consumer-focused approach, utilizing data-driven analysis to create and launch recognizable cannabis products. High 12 aims to build strong brands that foster community and connection among users, while also forming strategic supply-chain partnerships to enhance its market presence. Through its commitment to brand development, High 12 seeks to establish a significant footprint in the evolving cannabis industry.

Superior Technical Ceramics

Acquisition in 2018
Superior Technical Ceramics Corp. specializes in the design, engineering, and manufacturing of technical ceramics. Founded in 1898 and based in St. Albans, Vermont, the company offers a diverse range of standard products, including alumina tubes, rods, plates, disks, and various fasteners, as well as custom ceramics tailored to specific client needs. Superior Technical Ceramics' products are utilized in demanding applications across multiple industries, including aviation, aerospace, military, oil and gas, scientific instrumentation, telecommunications, and medical sectors. The company is recognized for its advanced ceramic technologies, which are suitable for high heat, corrosive environments, thermal management, mechanical wear challenges, and electrical insulation requirements. Through ongoing investment in equipment and skilled personnel, Superior Technical Ceramics provides precise solutions for customers facing complex engineering problems.

StanChem

Acquisition in 2017
StanChem is a specialty chemicals manufacturer that develops and manufactures emulsion polymers, adhesives, and specialty coatings. The company operates three divisions: Polymers, which produces polymer emulsions for paint, paper, adhesives, building products, textiles, and non-wovens; Albi Manufacturing, providing fireproofing solutions; and Specialty Coatings, offering coatings for clear, high-temperature, dielectric, plastisol, and plating applications. Founded in 1968 and based in East Berlin, Connecticut, StanChem serves diverse end-markets with end-to-end capabilities, including custom formula development, applications testing, quality control, and production-scale manufacturing for OEMs and end-users.

Adcole

Acquisition in 2014
Adcole Corporation specializes in the design and manufacture of precision metrology products for the aerospace, automotive, industrial, marine, power generation, and robotics sectors. Founded in 1957 and based in Marlborough, Massachusetts, Adcole has established itself as a leader in engineering-driven product innovation, known for its trusted accuracy and reliability. The company’s product range includes cylindrical coordinate measuring machines, satellite sun sensors, and custom gauges, which are essential for quality control in the manufacturing of critical engine components such as camshafts, crankshafts, and pistons. Adcole’s products are utilized by international space agencies, telecommunications firms, and major automotive manufacturers, with its sun sensors being integral to every GPS satellite launched. With additional engineering and manufacturing facilities in Germany, China, and Japan, Adcole is supported by a skilled team of field service engineers and a strong research and development department, enabling it to address complex challenges in metrology and maintain high standards of precision in its offerings.

Adcole

Private Equity Round in 2014
Adcole Corporation specializes in the design and manufacture of precision metrology products for the aerospace, automotive, industrial, marine, power generation, and robotics sectors. Founded in 1957 and based in Marlborough, Massachusetts, Adcole has established itself as a leader in engineering-driven product innovation, known for its trusted accuracy and reliability. The company’s product range includes cylindrical coordinate measuring machines, satellite sun sensors, and custom gauges, which are essential for quality control in the manufacturing of critical engine components such as camshafts, crankshafts, and pistons. Adcole’s products are utilized by international space agencies, telecommunications firms, and major automotive manufacturers, with its sun sensors being integral to every GPS satellite launched. With additional engineering and manufacturing facilities in Germany, China, and Japan, Adcole is supported by a skilled team of field service engineers and a strong research and development department, enabling it to address complex challenges in metrology and maintain high standards of precision in its offerings.

Ohio Tool Works

Acquisition in 2013
Ohio Tool Works Corp. is a manufacturer based in Ashland, Ohio, specializing in industrial honing equipment and related components for various industries including oil and gas, aerospace, defense, automotive, and medical devices. The company designs and produces a wide range of honing machines, including horizontal and vertical models suited for different operational needs. Additionally, Ohio Tool Works offers an extensive selection of honing tooling products, abrasives, fixturing, and honing coolants, ensuring precision and reliability for its customers. Beyond manufacturing, the company provides contract machining, hydraulic design, machine automation, and engineering services. Ohio Tool Works serves a diverse clientele, from large multinational corporations to smaller job shops, and is recognized for its commitment to product quality, industry expertise, and customer support.

Ohio Tool Works

Private Equity Round in 2013
Ohio Tool Works Corp. is a manufacturer based in Ashland, Ohio, specializing in industrial honing equipment and related components for various industries including oil and gas, aerospace, defense, automotive, and medical devices. The company designs and produces a wide range of honing machines, including horizontal and vertical models suited for different operational needs. Additionally, Ohio Tool Works offers an extensive selection of honing tooling products, abrasives, fixturing, and honing coolants, ensuring precision and reliability for its customers. Beyond manufacturing, the company provides contract machining, hydraulic design, machine automation, and engineering services. Ohio Tool Works serves a diverse clientele, from large multinational corporations to smaller job shops, and is recognized for its commitment to product quality, industry expertise, and customer support.

Janis Research

Private Equity Round in 2011
Janis Research Co is a designer and manufacturer of high-quality cryogenic research equipment, catering to various research, characterization, and industrial applications. The company specializes in a diverse range of products, including flow cryostat systems, custom-engineered systems, liquid helium research dewars, ultra-low-temperature systems, and detector cooling systems. These products are utilized by leading research centers, academic institutions, and major corporations to facilitate low and ultra-low temperature research across multiple scientific and commercial fields. Janis Research is committed to precision engineering and quality manufacturing, ensuring reliability and performance in their systems. The company provides extensive customer support through a global network of trained representatives and dedicated sales engineers, who oversee each system from design to post-installation. Furthermore, Janis Research maintains meticulous records of all systems and modifications, emphasizing their dedication to customer satisfaction and long-term relationships.

KCB Solutions

Private Equity Round in 2011
KCB Solutions, Inc. is a manufacturer specializing in RF and microwave surface mount components tailored for commercial, defense, and space applications. Founded in 2003 and based in Shirley, Massachusetts, the company produces a variety of products, including MMIC amplifiers, discrete transistors, switches, attenuators, and integrated solutions such as switched amplifiers and switch matrices. Initially focused on addressing obsolescence in defense and aerospace programs, KCB Solutions has built a reputation for delivering high-reliability, high-performance semiconductor components. The company is DOD registered and ITAR compliant, ensuring adherence to stringent industry standards. A robust Total Quality Management System is implemented to oversee all aspects of operations, from product realization to risk mitigation, further reinforcing KCB Solutions' commitment to quality and compliance in the semiconductor market.
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