About Selmet
Selmet is a company based in Albany (United States) founded in 1983 was acquired by Consolidated Precision Products Corp. in July 2018.. The company has 737 employees as of December 31, 2022. Selmet has completed 2 acquisitions, including Onamac Industries and Western Metrology.
- Headquarter Albany, United States
- Employees 737 as on 31 Dec, 2022
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Phone
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Website
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Social
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Annual Revenue
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Net Profit
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EBITDA
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Latest Funding Round
- Investors
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Employee Count
737
as on Dec 31, 2022
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Investments & Acquisitions
Onamac Industries
& 1 more
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Acquired by
Consolidated Precision Products Corp.
(Jul 05, 2018)
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Funding Insights of Selmet
- Total Funding Total Funding
- Total Rounds 1
- Last Round Last Round
- First Round First Round
- Investors Count 1
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jun, 2011 | Amount | Private Equity Round - Selmet | Valuation |
investors |
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jul, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Jan, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
Investors in Selmet
Selmet has secured backing from 2 investors, including venture fund investors. Prominent investors backing the company include Consolidated Precision Products Corp. and Blue Point Capital Partners. This diverse investor base provides strategic capital, industry expertise, and valuable network connections that support the company's growth initiatives, market expansion, and long-term value creation.
| Investor | Description | Founded Year | Domain | Location |
|---|---|---|---|---|
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Blue Point Capital Partners is engaged in private equity investments.
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Founded Year | Domain | Location | |
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High-precision components and subassemblies for aerospace and defense are manufactured.
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Founded Year | Domain | Location |
| Investor | Description | Founded Year | Domain | Location |
|---|---|---|---|---|
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Single family office of Amitabh Bachchan, founder of Amitabh Bachchan Corporation or AB CORP
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Founded Year | Domain | Location | |
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Startup ecosystems are ignited through strategic investments by Signite Partners.
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Founded Year | Domain | Location | |
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Venture capital is directed toward companies in multiple sectors.
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Founded Year | Domain | Location | |
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Venture capital is invested in cybersecurity, fintech, and AI startups.
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Founded Year | Domain | Location |
Investments & Acquisitions by Selmet
Selmet has strategically engaged in corporate development activities, having acquired 2 companies. Notable acquisitions include Onamac Industries and Western Metrology. These strategic investments and acquisitions demonstrate the company's commitment to growth through portfolio expansion, market consolidation, technology integration, and strategic partnerships that enhance competitive positioning and drive long-term value creation.
| Company Name | Description | Domain | Location | Founded Year | Amount |
|---|---|---|---|---|---|
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Bionic investment advisor platform
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2016 | ||||
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Fine Asian gourmet food is offered by an internet-first restaurant.
|
2016 | ||||
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Physical e-commerce kiosks are deployed for rural purchases in Indonesia.
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2014 | ||||
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Fine Asian gourmet food is offered by an internet-first restaurant.
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2016 |
| Company Name | Description | Domain | Location | Founded Year | Amount |
|---|---|---|---|---|---|
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Aerospace training support and machining services are provided.
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2002 | ||||
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Precision machining services are provided for industrial applications.
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1974 |
| Company Name | Description | Domain | Location | Founded Year | Amount |
|---|---|---|---|---|---|
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OVO is recognized as a smart digital payment application.
|
2017 | ||||
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Bionic investment advisor platform
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2016 | ||||
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Physical e-commerce kiosks are deployed for rural purchases in Indonesia.
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2014 | ||||
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Physical e-commerce kiosks are deployed for rural purchases in Indonesia.
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2014 |
Financial Statements - Selmet
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jul, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Jan, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
Selmet Comparisons
Competitors of Selmet
| Company Name | Domain | Founded year | HQ Location | Description |
|---|---|---|---|---|
| domain | founded_year | HQ Location |
Multiple services are booked via an app-based platform.
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| domain | founded_year | HQ Location |
On-demand services are booked through an app-based platform.
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| domain | founded_year | HQ Location |
App based platform offering on demand delivery and ride-hailing services
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| domain | founded_year | HQ Location |
Operates an on-demand hyperlocal delivery app for food and groceries.
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Frequently Asked Questions about Selmet
When was Selmet founded?
Selmet was founded in 1983 and raised its 1st funding round 28 years after it was founded.
Where is Selmet located?
Selmet is headquartered in Albany, United States.
How many employees does Selmet have?
As of Dec 31, 2022, the latest employee count at Selmet is 737.
What does Selmet do?
Selmet was established in 1983 in Albany, United States. Titanium castings and precision-machined parts are manufactured for the aerospace sector. Operations encompass investment casting processes and CNC machining to support aircraft and engine components. Services are provided to meet stringent industry specifications, with a focus on lightweight, high-strength materials. The company operates from its U.S. facility to serve global aerospace clients.
How many acquisitions has Selmet made?
Selmet has made 2 acquisitions, including Onamac Industries, and Western Metrology.
Who are Selmet's investors?
Selmet has 2 investors. Key investors include Consolidated Precision Products Corp., and Blue Point Capital Partners.