Monday, August 29, 2016
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Private Investment Group Buys MRSI from Parent Company Newport
Billerica, MA — MRSI Systems, a developer and manufacturer of turnkey chip placement and dispensing systems, has completed a leveraged buyout of assets from parent company Newport Corporation (Nasdaq: NEWP). Led by a private investment group comprised of MRSI's senior leadership and investment companies — Massachusetts Growth Capital Corporation and Boston Private Bank & Trust Company, along with additional guidance from Boston Financial Resources and Villeo Capital, the deal, valued at $6 million, was the final step in a two-part purchase process.

Keeping MRSI's technology in the state of Massachusetts, where it has been for the past 30 years, ensures it remains intact, along with its existing high-tech engineering and manufacturing jobs.


Contact: MRSI Systems, 101 Billerica Ave., Building #3, North Billerica, MA 01862 978-667-9449 fax: 978-667-6109 Web:
http://www.mrsisystems.com

 
 
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