Evidence

Cypress Semiconductor Corp. (acquired by Infineon Technologies) sought to divest its captive semiconductor manufacturing facility in Bloomington, Minnesota, as part of an initiative to streamline its manufacturing footprint.

Oxbow formed SkyWater Technology and executed a creative carve-out transaction that included a long-term supply agreement with Cypress, providing a stable revenue base while enabling SkyWater to pursue third-party customers. Oxbow then transformed the business by expanding beyond pure-play semiconductor manufacturing into co-development and engineering services and expanding its served end markets. In 2021, the business expanded further into Advanced Packaging by establishing SkyWater Technology Florida, an initiative that reshored Advanced Packaging to the USA. Oxbow also supported the acquisition of Fab 25 in Austin, Texas, which doubled SkyWater's manufacturing capacity while broadening its technology capabilities, customer base, and served end-markets.

Oxbow successfully took SkyWater public in 2021. The company was later acquired by IonQ for $1.8 billion in 2026, delivering a successful exit following the business transformation.

https://www.skywatertechnology.com/

Vectair's founder, Paul Wonnacott, sought a strategic partner to help accelerate the company's growth, capitalize on several actionable expansion opportunities, and establish a stronger U.S. presence beyond its UK roots.

Oxbow partnered with Mr. Wonnacott and trusted partners to execute a strategic growth plan focused on building an experienced leadership team, expanding the product portfolio, broadening distribution channels, and transforming the business into a U.S.-centric platform.

Under Oxbow's ownership, Vectair evolved into a highly diversified business with a substantial base of recurring revenue and completed two highly complementary U.S. acquisitions (Big D and WizKid Products), significantly expanding its scale and market presence.

https://www.vectairsystems.com/

In 2017, Town & Country Fence's founder, Mike Bistodeau, sought a partner to help transform the company from a local fence installation business into a leading regional platform.

Oxbow partnered with Mr. Bistodeau to build a larger, more sophisticated organization capable of executing increasingly complex projects while delivering industry-leading turnaround times. Together, they invested in the people, processes, and infrastructure needed to support continued growth and geographic expansion.

Town & Country Fence became one of the leading fence installation companies in the region and was ultimately identified by Dakota Fence as its entry point into the Twin Cities market. Building on that success, Oxbow and Mr. Bistodeau recognized an opportunity to expand into fence distribution and launched MN Fence Supply, a business they continue to own and operate today.

https://mnfencesupply.com/

The APP started out as a grassroots amateur and professional pickleball league with multiple monetization levers to execute on, including sponsorships, events, merchandise and clinics. They needed capital partners to support their vision allowing them to develop a more robust sales and marketing strategy.

Oxbow partnered with the APP's leadership team to execute its national and local sales strategy and increate funds towards digital and social marketing.

The APP has become the leading global pickleball brand and its domestic tour is officially sanctioned by the sports’ governing body, USA Pickleball. Since Oxbow’s investment, sponsorship has grown by nearly 900%, CBS and ESPN television deals have been secured, and the APP has hosted 100+ global events.

https://www.theapp.global/

Voyager was raising a pre-IPO financing round and identified Oxbow as a strategic, value-added investor whose operational and capital markets experience could help the company's next phase of growth.

Alongside its investment, Oxbow worked with management, drawing on its experience leading the SkyWater Technology IPO to provide strategic guidance as Voyager prepared to become a public company.

Voyager successfully completed its IPO, raising capital to support its continued growth initiatives and capitalize on increasing investment across the space sector. Oxbow remains a shareholder in Voyager.

https://voyagertechnologies.com/