ACT Capital Advisors Represents Pulse Combustion Systems in its Sale to Tesseract Medical Research

ACT Capital Advisors, a leading mergers and acquisitions firm, is pleased to announce that its client, Pulse Combustion Systems (“PCS”), has sold their PCS Tolling & Operations business to Tesseract Medical Research (“Tesseract”).

Pulse Combustion System’s tolling operation takes liquid formulations and spray drys them into powders. Their patented high-quality spray-drying process is used to dry food, chemicals, minerals, nutraceuticals, and pharmaceuticals. Tesseract Medical Research is a biotechnology and medical sciences business focused on delivering nutrition to help solve unmet medical needs.

ACT Capital Advisors’ deal team included Jeff Zanardi, Kevin Outcalt (Managing Directors), and Madison Brown (Senior Associate). “This was a perfect match,” said Zanardi. “By acquiring the tolling and operations business from Pulse, Tesseract will be able to better control and manage its tolling requirements – which are vital to the continued growth and success of its core business – while allowing Pulse to focus its attention on designing, manufacturing, and servicing custom dryers for clients who desire to purchase and operate their own in-house dryers. As far as carve-outs go, this was a slam dunk.”

About Pulse Combustion Systems
Pulse Combustion Systems was founded in 1996 and is headquartered in Payton, AZ. The Company is a leading manufacturer and supplier of spray-drying products and services for a variety of industries. Pulse’s patented spray-drying technology makes a superior powder and provides customers with significant cost and performance advantages over traditional drying systems. For more information, visit

About Tesseract Medical Research
Tesseract Medical Research was founded in Napa, CA, in 2016 to help solve medical needs through a proprietary nutrient delivery system that maximizes bioavailability and effectiveness. Tesseract’s advanced formulations are based on its revolutionary, patented, and patent-pending technology. For more information, visit

About ACT Capital Advisors
ACT Capital Advisors is a premier mergers & acquisitions firm representing middle-market companies across all industries. ACT has a 30-year history of deal-making, closing 250+ transactions, and unlocking over $1.5 billion in wealth for its clients. For more information, visit

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