M.M.Dillon & Company (“Dillon”) acted as sole financial advisor to Redfern Intergrated Optics (RIO) in its sale to OptaSense, a subsidiary of QinetiQ Group plc. The transaction required Committee on Foreign Investment in the United States (CFIUS) approval. Terms of the transaction were not disclosed
About Redfem Integrated Optics
RIO was a Santa Clara, California company that designed the industry leading narrow line width, low noise laser. The company was founded in 1999 focused on entering the optical communications business as a critical component and subsystem supply. When that industry’s outlook changed management redirected their efforts to fiberoptic sensing, a market well suited to their unique laser design. RIO succeeded in established the company as the leading laser supplier to the fiber sensing solution providers. Leading end market applications of the technology were:
Oil & gas – Improved production
Pipeline industry – Leak detection and location
Security & Life Safety– Intrusion detection at boundaries and boarders, crack detection in critical infrastructure
Wind energy turbine operators and to insure the integrity of infrastructure
About M.M. Dillon & Co.
M.M. Dillon & Co. (formerly CRT Investment Banking LLC) is an employee owned partnership where industry and product specialists collaborate closely to provide creative, idea-driven advice and solutions to its institutional and corporate clients. M.M. Dillon offers public and private financing, M&A advisory and restructuring advisory services. M.M. Dillon’s team of experienced professionals provides execution capabilities for companies across a range of industry sectors. The firm’s senior banking professionals have a minimum of 20 years of experience with major Wall Street firms.