Private Equity Firm Financial Services

Artemis

Boston, Massachusetts, United States

Artemis is a Boston-based private equity firm that acquires and grows differentiated industrial technology companies. It partners with established management teams and businesses with strong engineering capabilities, distinctive products, and positions in expanding niche markets.

Focus Areas
Industrial technology, Advanced materials, Optical engineering and metrology
Website
artemislp.com

Tracked deals

18

18 tracked deals across 2020-2026.

Recent pace

2

2 tracked deals announced in the last 12 months.

Deal mix

Buyout

10 buyout · 7 addon · 1 recapitalization

Artemis Acquisition Volume by Year

Last 7 years

Acquisition volume by year Annual acquisition counts for the last 7 years for Artemis. 4 2020 5 2021 1 2022 1 2023 2 2024 3 2025 ~2 est. 2 2026
Actual Full-year estimate

Supporting Data

Recent Transactions

Showing the 12 most recent of 18 tracked deals for Artemis.

  • Buyer
    Artemis Capital Partners (Artemis)
    Target
    Optikos Corporation
    Seller
    Fantone family
    Industry
    IT Services

    Artemis, a Boston-based private equity firm, acquired Optikos Corporation, a Wakefield, Massachusetts provider of optical engineering, manufacturing, and metrology. The deal aims to expand Optikos’ engineering and manufacturing capabilities and accelerate innovation across sectors such as semiconductors, life sciences, automotive, space, and defense.

  • Buyer
    McDanel Advanced Materials, Artemis Capital Partners
    Target
    Richland Glass
    Industry
    Manufacturing
    Type
    Addon

    McDanel Advanced Materials and Richland Glass, both portfolio companies of Artemis, have completed a strategic merger that combines advanced ceramics, optical technologies (Rayotek) and precision specialty glass into a single materials-science platform. The combined organization will offer expanded engineered-materials and component solutions for mission-critical applications across aerospace, defense, life sciences, semiconductor and diversified industrial markets; financial terms were not disclosed.

  • Buyer
    Artemis Capital Partners
    Target
    Millrock Technology Inc.
    Industry
    Medical Devices
    Type
    Buyout

    Artemis Capital Partners, a Boston-based private equity firm, has acquired Millrock Technology Inc., a Kingston, New York manufacturer of lyophilization (freeze-drying) instrumentation and process development tools for the pharmaceutical, biotech, and diagnostics markets. Under Artemis’ ownership Millrock will continue to operate independently from its Kingston facility while Artemis invests to scale the company’s technical capabilities and global reach.

  • Buyer
    SightLine Applications, Artemis Capital Partners
    Target
    Athena AI
    Location
    Queensland, Australia
    Type
    Addon

    SightLine Applications, a developer of sensor processing software backed by Artemis Capital Partners, has acquired Australia-based Athena AI, a specialist in AI-enabled computer vision and decision support for defense applications. The acquisition integrates Athena AI's edge-capable vision models into SightLine's image processing platform, expanding SightLine's product capabilities and presence in Australia to better serve U.S. and allied defense customers.

  • Buyer
    Artemis Capital Partners
    Target
    Richland Glass
    Seller
    Jack Carson, Peter Carson
    Industry
    Manufacturing
    Type
    Buyout

    Artemis Capital Partners, a Boston-based private equity firm, has acquired Richland Glass, an advanced materials manufacturer of specialty glass containment products based in Vineland, New Jersey. Under Artemis' ownership Richland will continue to operate independently with commitments for continued investments to expand capabilities and support growth into life sciences, environmental, aerospace and industrial end markets.

  • Buyer
    Artemis Capital Partners
    Target
    Diamond Antenna and Microwave Corporation
    Type
    Buyout

    Boston-based private equity firm Artemis Capital Partners has acquired Diamond Antenna and Microwave Corporation, a Littleton, Massachusetts developer and manufacturer of high-reliability RF rotary joints and rotating subsystems for aerospace, defense and space applications. Artemis says Diamond will continue to operate independently from its Littleton facilities and that the firm plans to invest in technical capabilities to deepen Diamond's offerings to prime integrators and government customers.

  • Buyer
    McDanel Advanced Material Technologies, Artemis
    Target
    Rayotek Scientific
    Industry
    Manufacturing
    Type
    Addon

    McDanel Advanced Material Technologies, an Artemis portfolio company, has acquired Rayotek Scientific, a San Diego-based specialty advanced materials manufacturer. The deal expands McDanel's optical materials and manufacturing capabilities for Aerospace, Defense, Space, and Semiconductor end markets; Rayotek will continue operating from its San Diego headquarters.

  • Buyer
    Artemis
    Target
    SightLine Applications
    Type
    Buyout

    Boston-based private equity firm Artemis has acquired SightLine Applications, an Oregon-based developer of on-board image processing electronics and AI/ML-enabled video processing software for ISR and C-UAS missions. SightLine will continue to operate from its Portland and Hood River, Oregon facilities and will leverage Artemis' industrial tech expertise to accelerate growth across defense and commercial unmanned system markets.

  • Buyer
    Artemis Capital Partners
    Target
    McDanel Advanced Ceramic Technologies LLC
    Seller
    Roberto Grosso, McDanel Senior Leadership Team
    Industry
    Manufacturing
    Type
    Buyout

    Boston-based private equity firm Artemis Capital Partners has acquired McDanel Advanced Ceramic Technologies, a Beaver Falls, Pennsylvania manufacturer of high-performance tubular and technical ceramics. Artemis said McDanel will operate independently from its Beaver Falls headquarters while Artemis invests in people, capabilities and capacity to support growth across semiconductor, aerospace & defense, medical and energy end markets.

  • Buyer
    Omega Optical Holdings, LLC, Artemis Capital Partners
    Target
    Evaporated Metal Films Corp., Optometrics Corporation
    Seller
    Dynasil Corporation of America, Inc.
    Industry
    Manufacturing
    Location
    United States
    Type
    Addon

    Omega Optical Holdings, a precision optics platform backed by Artemis Capital Partners, has acquired Evaporated Metal Films Corp. (EMF) and Optometrics Corporation from Dynasil Corporation of America. The transactions expand Omega’s thin-film coatings and diffractive optics capabilities — adding large-area thin-film deposition capacity and ruled/holographic grating technologies to the platform.

  • November 2, 2021
    Buyer
    Artemis Capital Partners
    Target
    R.M. Lucas, Inc.
    Seller
    Rob Barry, Barry Family
    Type
    Buyout

    Artemis, a Boston-based private equity firm, has acquired R.M. Lucas, a Chicago-headquartered manufacturer of coatings, sealants, and adhesives for roof repair and restoration. Artemis intends to operate R.M. Lucas as an independent company and leverage it within its Specialty Chemicals and Advanced Materials portfolio to grow the roof repair and restoration coatings business.

  • Buyer
    Maury Microwave, Inc., Artemis Capital Partners
    Target
    dBmCorp, Inc.
    Location
    United States
    Type
    Addon

    Maury Microwave, the RF & Microwave Test & Measurement platform backed by Artemis Capital Partners, has acquired dBmCorp, a specialist in wireless link emulation and SATCOM test equipment. The add-on purchase expands Maury’s test & measurement capabilities and aims to accelerate product development and broaden the combined company's reach in satellite and wireless communications markets.

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