Manufacturing Add-on Acquisitions in 2020

  • Buyer
    Seaway Plastics Engineering, Tonka Bay Equity Partners
    Target
    Wright Engineered Plastics
    Industry
    Manufacturing
    Type
    Addon

    Seaway Plastics Engineering, a portfolio company of Tonka Bay Equity Partners, acquired Wright Engineered Plastics (Santa Rosa, CA) effective December 31, 2020. The add-on expands Seaway's precision injection molding capabilities, clean-room medical manufacturing capacity, and geographic presence in California to better serve medical, defense and precision industrial end markets.

  • Buyer
    SinterMet LLC, V&A Capital
    Target
    Leadar Rolls, Inc.
    Industry
    Manufacturing
    Type
    Addon

    SinterMet LLC, a portfolio company of V&A Capital, has acquired Leadar Rolls, Inc., a precision manufacturer of industrial rolls based in Lima, Ohio. The add-on expands SinterMet's footprint, product offering and customer base across steel, automotive/aerospace and paper end markets; S&T Bank provided financing for the deal.

  • Buyer
    iNRCORE, LLC, The Jordan Company, L.P. (Resolute Fund IV)
    Target
    Gowanda Components Group
    Seller
    Addison Capital Partners
    Industry
    Manufacturing
    Type
    Addon

    iNRCORE, an affiliate of The Jordan Company’s Resolute Fund IV, has acquired Gowanda Components Group from Addison Capital Partners. The deal combines iNRCORE and Gowanda to create a global magnetics platform, expanding product capabilities across communications, aerospace & defense, medical devices and other high-reliability end markets.

  • Buyer
    Walter Surface Technologies, ONCAP (Onex)
    Target
    Drillco, Triumph Twist Drill
    Industry
    Manufacturing
    Location
    United States
    Type
    Addon

    Walter Surface Technologies, a portfolio company backed by ONCAP, has acquired Drillco and Triumph Twist Drill to expand its cutting-tool and drilling solutions offering. CriticalPoint acted as buy-side advisor to Walter and sourced the opportunity.

  • Buyer
    Superior Technical Ceramics, Artemis Capital Partners
    Target
    IJ Research, Inc.
    Seller
    Dr. Rick Yoon (former CEO & owner of IJ Research)
    Industry
    Manufacturing
    Type
    Addon

    Superior Technical Ceramics (STC), a portfolio company backed by Artemis Capital Partners, has acquired IJ Research, Inc., a Santa Ana, California-based manufacturer of sapphire-to-metal brazed hermetic assemblies and electrical feedthroughs. The acquisition, which closed on December 24, 2020, expands STC’s technical ceramics and sealing capabilities to enable vertical integration and deeper customer relationships across aerospace, defense, medical and instrumentation end markets; CriticalPoint acted as buy-side advisor to STC.

  • Buyer
    Incodema Holdings LLC, CORE Industrial Partners
    Target
    Majestic Metals, LLC
    Industry
    Manufacturing
    Type
    Addon

    CORE Industrial Partners portfolio company Incodema Holdings LLC has acquired Majestic Metals, a Denver-based precision sheet metal fabricator. The acquisition will combine Majestic Metals with Incodema, Newcut and Dahlquist Machine to expand a nationwide precision manufacturing platform and broaden capabilities across sheet metal fabrication, CNC machining and finishing for end markets including medical, aerospace & defense, and electronics.

  • Buyer
    Bettcher Industries, Inc., MPE Partners
    Target
    ICB Greenline
    Seller
    Rodriguez GmbH
    Industry
    Manufacturing
    Type
    Addon

    Bettcher Industries, a portfolio company of MPE Partners, has acquired ICB Greenline, a Charlotte, North Carolina manufacturer of overhead conveyor systems used primarily in the poultry industry. ICB Greenline was a subsidiary of Rodriguez GmbH and the acquisition is an add-on to Bettcher’s capabilities in food‑processing equipment.

  • Buyer
    Fralock, Arsenal Capital Partners
    Target
    Mapson Engineering, Inc.
    Seller
    Jim Mapson
    Industry
    Manufacturing
    Type
    Addon

    Fralock, a Valencia, California-based engineering and manufacturing company and portfolio company of Arsenal Capital Partners, has acquired Mapson Engineering, a specialty precision-graphics provider based in Orange County, California. The deal is an add-on to Fralock's capabilities that enables continuity for Mapson's customers as founder Jim Mapson transitions toward retirement and expands Fralock's offerings to aerospace, defense and electronics customers.

  • Buyer
    Incodema Holdings LLC (affiliate of CORE Industrial Partners), CORE Industrial Partners
    Target
    Dahlquist Machine, Inc.
    Industry
    Manufacturing
    Type
    Addon

    An affiliate of CORE Industrial Partners, Incodema Holdings LLC, has acquired Dahlquist Machine, Inc., a Ham Lake, Minnesota-based precision CNC machining shop supplying medical device, laboratory testing equipment and other OEMs. The deal is an add-on to the Incodema platform intended to expand precision machining capabilities and reinforce the platform’s position in medical, instrumentation and industrial end markets.

  • Buyer
    Phoenix Stamping Group, PHX Holdings, JBA Capital
    Target
    Stampsource
    Industry
    Manufacturing
    Type
    Addon

    On December 14, 2020 Phoenix Stamping Group (a division of PHX Holdings) acquired Stampsource, a Charlotte, North Carolina metal stamping and fabrication manufacturer. The acquisition adds capacity and redundancy — Stampsource will be integrated as Plant 04 of Phoenix Stamping Group with Michael Pinkerton remaining as General Manager.

  • Buyer
    Precinmac Precision Machining
    Target
    Viper Northwest, Inc., Shields Manufacturing, Inc.
    Seller
    William Shields, Ruth Shields
    Industry
    Manufacturing
    Type
    Addon

    Precinmac Precision Machining acquired Albany, Oregon-based Viper Northwest, Inc. and Tualatin, Oregon-based Shields Manufacturing, Inc., strengthening its West Coast presence and expanding precision machining capabilities. The add-on acquisitions broaden Precinmac's capacity to serve semiconductor, aerospace, defense and life sciences customers; financial terms were not disclosed.

  • Buyer
    Primary Packaging Incorporated, Field Packaging Solutions (FPS)
    Target
    Packaging Horizons Corporation
    Industry
    Manufacturing
    Location
    United States
    Type
    Addon

    Primary Packaging Incorporated (a Field Packaging Solutions company) has acquired Packaging Horizons Corporation, a longtime manufacturer of tamper-evident security bags and specialized security overwrap films. The deal expands Primary Packaging’s polyethylene extrusion and film converting capabilities, adding tamper-evident product lines used across pharmaceutical, medical and food packaging markets.

  • Buyer
    Cattron, Harbour Group
    Target
    DynaGen Technologies
    Industry
    Manufacturing
    Location
    Nova Scotia, Canada
    Type
    Addon

    Cattron, a Harbour Group company, has acquired DynaGen Technologies, a Halifax-based provider of generator and engine controls and telemetry serving industrial, mobile equipment and marine markets across North America. Terms were not disclosed; Harbour Group said the acquisition expands Cattron's control solutions capabilities and broadens its addressable market.

  • Buyer
    Abracon LLC, The Riverside Company
    Target
    Fox Electronics
    Industry
    Manufacturing
    Type
    Addon

    Abracon LLC has acquired Fox Electronics, a Fort Myers, Florida-based supplier of frequency control products, as an add-on to the Abracon platform. The deal was executed while Abracon is majority-owned by The Riverside Company and expands Abracon’s timing and frequency product portfolio, sales channels and inventory to better serve automotive, telecom, IoT and medical end markets.

  • Buyer
    Royal Power Solutions, Industrial Growth Partners
    Target
    Wieland Rolled Products North America, LLC
    Seller
    Wieland Rolled Products North America, LLC
    Industry
    Manufacturing
    Type
    Addon

    Royal Power Solutions, an Industrial Growth Partners (IGP) portfolio company, acquired certain business assets and product lines from Wieland Rolled Products North America in two transactions (October 8 and December 9, 2020). The assets—including busbars, terminals, eyelets and shields—bolster Royal's capabilities in electrical connectivity for automotive, EV and power electronics platforms and add new manufacturing technologies and customers in mobility markets.

  • Buyer
    Fosbel, Inc., The Anderson Group, LLC
    Target
    Wahl Refractory Solutions, LLC
    Seller
    Wahl Refractory Solutions, LLC
    Industry
    Manufacturing
    Type
    Addon

    Fosbel, a portfolio company of The Anderson Group, has acquired the assets of Wahl Refractory Solutions and will continue operating out of Wahl’s Fremont, Ohio manufacturing plant. The acquisition vertically integrates Fosbel’s supply chain and enables expansion into new end markets such as cement and aluminum.

  • Buyer
    Spartech, Nautic Partners
    Target
    Tufpak, Inc.
    Seller
    Mike Wadlinger and family
    Industry
    Manufacturing
    Type
    Addon

    Spartech, a St. Louis-based plastics manufacturer and portfolio company of Nautic Partners, has acquired Tufpak, Inc., an Ossipee, New Hampshire-based maker of medical-grade engineered plastic films and autoclave/biohazard bags. The deal expands Spartech's healthcare and biopharma packaging capabilities by adding Tufpak's proprietary polypropylene blown film extrusion technology and product lines.

  • Buyer
    BERKS Group
    Target
    Natoma Manufacturing LLC
    Industry
    Manufacturing
    Type
    Addon

    BERKS Group announced an investment in Natoma Manufacturing LLC, a precision parts manufacturer based in Norton, Kansas. The investment expands BERKS Group's precision manufacturing platform (which includes Swiss-Tech and IDC) and is intended to increase capacity, hire additional staff, and broaden Natoma's presence in aerospace and defense markets.

  • Buyer
    Bormioli Pharma, Remy & Geiser GmbH
    Target
    ISO Arzneiverpackungen GmbH
    Seller
    Marc Jeanrichard (former ISO shareholder), ISO shareholders
    Industry
    Manufacturing
    Location
    Bavaria, Germany
    Type
    Addon

    Bormioli Pharma, a Triton Fund IV portfolio company, has acquired ISO Arzneiverpackungen GmbH, a German manufacturer of tubular glass vials for injectable drugs, vaccines and chromatography applications. The deal — executed through Bormioli Pharma's German subsidiary Remy & Geiser — increases packaging production capacity (ISO produces over 100 million vials annually and employs over 100 people) and strengthens Bormioli Pharma's presence in the Northern European market.

  • December 2, 2020
    Buyer
    Recochem, H.I.G. Capital
    Target
    KOST USA Inc.
    Industry
    Manufacturing
    Type
    Addon

    Recochem, a portfolio company of H.I.G. Capital, has acquired KOST USA Inc., a Cincinnati-based manufacturer and marketer of automotive coolants and functional fluids. The acquisition expands Recochem's presence in the United States and strengthens its position as a scaled player in the North American automotive aftermarket fluids market.

  • Buyer
    ShoreMaster/HydroHoist (Waterfront Brands)
    Target
    Neptune Boat Lifts, Inc.
    Industry
    Manufacturing
    Type
    Addon

    ShoreMaster (which merged with HydroHoist) announced the acquisition of Neptune Boat Lifts, a Fort Lauderdale-based manufacturer of saltwater boat lifts. The deal expands ShoreMaster/HydroHoist's product portfolio into the salt-water market and adds Neptune's dealer and installer network across Florida and the Caribbean.

  • Buyer
    Monroe Engineering Group, LLC, ShoreView
    Target
    Titan Wire & Cable
    Industry
    Manufacturing
    Type
    Addon

    Monroe Engineering Group, a ShoreView-backed platform company, has acquired Titan Wire & Cable, a Sparks, Nevada-based supplier of cable, connectors and component solutions. The add-on expands Monroe’s product offering and end-market coverage (including solar, geothermal, wind, telecommunications and industrial markets) and is ShoreView’s sixth add-on to the Monroe platform since its 2017 investment.

  • Buyer
    Rensa Filtration, Edgewater Growth Capital Partners IV
    Target
    Air Filters, Inc.
    Industry
    Manufacturing
    Type
    Addon

    Edgewater Growth Capital Partners IV’s portfolio company Rensa Filtration has acquired Air Filters, Inc., a Houston-based manufacturer of pleated and HEPA air filtration products. The deal is an add-on acquisition intended to expand Rensa’s product portfolio and capabilities in commercial and industrial HVAC and critical-environment filtration.

  • Buyer
    Process Insights, Union Park Capital
    Target
    MBW Calibration AG
    Industry
    Manufacturing
    Location
    Aargau, Switzerland
    Type
    Addon

    Process Insights, a portfolio company of Union Park Capital, has acquired MBW Calibration AG, a Swiss developer and manufacturer of chilled‑mirror dew point hygrometers. MBW will join Process Insights’ portfolio of process instrumentation brands to broaden product offerings, enable cross‑selling, and strengthen the group’s presence in Europe; terms were not disclosed.

  • Buyer
    Monroe Engineering Group, LLC, ShoreView
    Target
    Sattler, Inc.
    Industry
    Manufacturing
    Type
    Addon

    Monroe Engineering Group, a ShoreView portfolio company based in Rochester Hills, Michigan, has acquired Sattler, Inc., a custom machined components manufacturer located in Ira Township, Michigan. The add-on expands Monroe’s manufacturing capabilities and product offering across industrial, defense, and automotive end markets during ShoreView’s ownership of the platform.

  • Buyer
    SyBridge Technologies, Crestview Partners
    Target
    X-Cell Tool and Mold, Inc.
    Industry
    Manufacturing
    Type
    Addon

    SyBridge Technologies, a platform created and backed by Crestview Partners, has completed the acquisition of X-Cell Tool and Mold, Inc., a Fairview, Pennsylvania-based manufacturer of close-tolerance and multi-cavity plastic injection molds. The deal expands SyBridge's tooling capabilities into complex medical tooling and supplements its mobility market presence through its Concours Technologies subsidiary.

  • Buyer
    Protective Industrial Products, Inc., Audax Private Equity
    Target
    Primax Manufacturing & Trading, Inc.
    Industry
    Manufacturing
    Type
    Addon

    Protective Industrial Products, a portfolio company of Audax Private Equity, has acquired Primax Manufacturing & Trading, Inc., the maker of the Caiman high-performance glove brand, headquartered in La Mirada, California. The acquisition expands PIP's premium glove and welding/utility PPE offering and strengthens penetration with distributors serving demanding end markets.

  • Buyer
    Emerald EMS, New Water Capital
    Target
    Saline Lectronics, Inc., Veris Manufacturing
    Seller
    Shareholders of Saline Lectronics, Inc., Shareholders of Veris Manufacturing (including founder Bill McIlvene)
    Industry
    Manufacturing
    Type
    Addon

    Emerald EMS, a portfolio company of New Water Capital, has acquired Saline Lectronics, Inc. (SLI) of Saline, Michigan and Veris Manufacturing of Brea, California. The add-on acquisitions expand Emerald EMS's U.S. footprint, engineering resources and high-reliability electronics manufacturing capacity across medical, aerospace/defense and industrial end markets.

  • Buyer
    All Flex Flexible Circuits, LLC, Granite Equity Partners
    Target
    Printed Circuits, Inc.
    Seller
    Shareholders of Printed Circuits, Inc.
    Industry
    Manufacturing
    Type
    Addon

    All Flex Flexible Circuits, LLC, a portfolio company of Granite Equity Partners, has acquired Printed Circuits, Inc. (PCI), a Minneapolis-based rigid-flex printed circuit board manufacturer. B. Riley Securities served as exclusive financial advisor to PCI; the acquisition combines PCI's rigid-flex capabilities with All Flex's flexible-circuit platform to expand product offerings for aerospace, defense, medical, and industrial OEM customers.

  • Buyer
    Time Manufacturing Company, BrandFX (subsidiary of Time Manufacturing Company)
    Target
    CPI bucket fabrication business (fiberglass aerial lift buckets)
    Seller
    CPI
    Industry
    Manufacturing
    Type
    Addon

    Time Manufacturing Company (through its BrandFX subsidiary) acquired the fiberglass aerial lift bucket fabrication business from CPI to integrate a key supplier into its BrandFX fiberglass division. The add-on strengthens BrandFX's composite manufacturing capabilities and secures supply for aerial lift buckets and liners to Time's Versalift and other brands, improving delivery reliability for utility and service fleet customers.

  • Buyer
    Graphic Village, Revitalize Capital
    Target
    Advance Printing Company
    Seller
    Paul J. Erdman, Tom Schamer
    Industry
    Manufacturing
    Type
    Addon

    Graphic Village, a Revitalize Capital-backed print and marketing platform, has acquired Advance Printing Company and will serve Advance's customers from Graphic Village's Blue Ash headquarters. The deal expands Graphic Village's commercial printing footprint and represents another add-on for Revitalize Capital's platform.

  • Buyer
    Myers Industries, Inc.
    Target
    Elkhart Plastics, Inc.
    Industry
    Manufacturing
    Type
    Addon

    Myers Industries (NYSE: MYE) acquired the assets of Elkhart Plastics, Inc., adding the South Bend-based rotational molder to its Material Handling segment and combining it with Myers' Ameri-Kart business to form the fifth-largest rotational molder in the United States. Elkhart operates six U.S. manufacturing facilities with approximately 460 employees and had roughly $100 million of revenue in 2019; Myers financed the acquisition with cash, expects immediate accretion to earnings, and projects $4–6 million of annual cost synergies.

  • Buyer
    DelCam Holdings, DelCam Manufacturing
    Target
    PlasTech Machining & Fabrication, Inc.
    Seller
    Lou Ferriero, Claire Ferriero
    Industry
    Manufacturing
    Type
    Addon

    DelCam Holdings (operating as DelCam Manufacturing) acquired PlasTech Machining & Fabrication from founders Lou and Claire Ferriero, with the transaction closing on November 6 (terms were not disclosed). The buyer has kept the Bow, New Hampshire facility and invested in equipment and staffing to grow the precision plastics machining business, which supplies medical device, semiconductor, marine and electronics customers.

  • Buyer
    Compass Partners Capital LLC, Micro Precision LLC
    Target
    PRL, Inc.
    Seller
    Herschkowitz family (Janis Herschkowitz and Patricia Herschkowitz)
    Industry
    Manufacturing
    Type
    Addon

    Compass Partners Capital LLC acquired PRL, Inc., a family-owned manufacturer of ferrous and nonferrous alloy castings and precision machining, and will combine PRL with its portfolio company Micro Precision LLC to create an enhanced platform serving the U.S. Navy, nuclear power, and railroad markets. Vice Admiral John Morgan (USN, ret.) will lead the combined company as CEO; sellers included members of the Herschkowitz family.

  • Buyer
    Auxo Investment Partners, Auxo Die Holdings
    Target
    GC Dies
    Industry
    Manufacturing
    Type
    Addon

    Auxo Investment Partners has acquired GC Dies, a steel rule die manufacturer based in Elmhurst, Illinois, as an add-on to its Auxo Die Holdings platform. The acquisition expands Auxo's converting solutions footprint, consolidates Chicago-area operations, and adds corrugated die capabilities to its growing portfolio.

  • Buyer
    Polytek Development Corp., Arsenal Capital Partners
    Target
    Incredible Solutions
    Seller
    Charlie Ives
    Industry
    Manufacturing
    Type
    Addon

    Polytek Development Corp., a portfolio company of Arsenal Capital Partners, has acquired Incredible Solutions, a Crystal River, Florida-based maker of epoxy coating and casting systems for the DIY and artistic markets. The acquisition adds Incredible Solutions’ consumer-focused epoxy products and e-commerce channels to Polytek’s consumer brand portfolio as an add-on to expand product offerings and distribution.

  • Buyer
    SureWerx, The Riverside Company
    Target
    Geroline Inc.
    Industry
    Manufacturing
    Location
    Ontario, Canada
    Type
    Addon

    SureWerx, the safety-products platform owned by private equity firm The Riverside Company, acquired Geroline Inc., the developer of the K1 Series mid-sole traction aids. The add-on deal brings the K1 brand into SureWerx’s distribution network to expand its slip-protection product portfolio; terms were not disclosed.

  • Buyer
    GWS Tool Group, L Squared Capital Partners
    Target
    STF Precision
    Industry
    Manufacturing
    Type
    Addon

    GWS Tool Group, a portfolio company of L Squared Capital Partners, has acquired STF Precision, a North Carolina-based manufacturer of precision PCD, SCD and CBN cutting tools. The add-on strengthens GWS's product capabilities in rotary PCD/CBN tooling and expands its manufacturing footprint into the Carolinas; STF's leadership will remain with GWS in operational roles.

  • Buyer
    VfD Technologies, Inc., Tecum Capital Partners
    Target
    Isimac Machine Company, Inc.
    Industry
    Manufacturing
    Type
    Addon

    VfD Technologies, a Bethlehem, Pennsylvania-based precision manufacturer, has acquired Isimac Machine Company of Blandon, Pennsylvania to expand its ultra-high precision machining capabilities for medical devices, surgical instruments, aerospace and telecommunications markets. Tecum Capital Partners invested alongside VfD's founding management team to support the acquisition and provide subordinated/mezzanine capital for the transaction.

  • Buyer
    ARCH Global Precision
    Target
    Morsch Machine
    Seller
    Joe Salontai Sr.
    Industry
    Manufacturing
    Type
    Addon

    ARCH Global Precision, a Jordan Company platform, has acquired Morsch Machine, a precision machining firm based in Chandler, Arizona. The acquisition adds 3-, 4- and 5-axis machining, structural adhesive bonded assembly, 3D printing and assembly capabilities to ARCH’s Precision Components segment and expands capacity for mid- to high-volume aerospace, defense and space work.

  • Buyer
    Consolidated Machine & Tool Holdings (CMTH), White Wolf Capital
    Target
    Delva Tool & Machine Corporation
    Seller
    Stephen Voellinger
    Industry
    Manufacturing
    Type
    Addon

    Consolidated Machine & Tool Holdings (CMTH), a platform company backed by White Wolf Capital, acquired Delva Tool & Machine Corporation (DTM), a precision machining and contract manufacturing business based in Cinnaminson, New Jersey. The add-on expands CMTH's capacity and capabilities—adding advanced robotics and defense/aerospace customers—and provides DTM access to capital to support future growth; financial terms were not disclosed.

  • Buyer
    IMG Companies, LLC, Addison Capital Partners
    Target
    Larkin Precision Machining, Inc.
    Industry
    Manufacturing
    Type
    Addon

    IMG Companies, LLC acquired Larkin Precision Machining, Inc. and completed a recapitalization of the IMG platform. The transaction, supported by private equity investor Addison Capital Partners, adds precision machining capabilities in aerospace, defense and medical device markets to the IMG platform.

  • Buyer
    TRUE Sports, Lincolnshire Management, Inc.
    Target
    Lefevre Inc.
    Industry
    Manufacturing
    Location
    Quebec, Canada
    Type
    Addon

    Lincolnshire Management’s portfolio company TRUE Sports has acquired Canadian goalie equipment maker Lefevre Inc. The add-on expands TRUE Hockey’s product portfolio and R&D capabilities in the goalie equipment segment while keeping Lefevre’s Canadian manufacturing base and employees intact.

  • Buyer
    Vertical Supply Group, Platte River Equity
    Target
    Fred Marvin Associates
    Industry
    Manufacturing
    Type
    Addon

    Vertical Supply Group (VSG), a portfolio company of Platte River Equity, has acquired Fred Marvin Associates, a Stow, Ohio-based manufacturer and distributor of poles, pruners and other arborist tools. VSG said it will continue to serve Fred Marvin’s customer base, grow the Stow manufacturing operation and produce new U.S.-made products while leveraging the brand and distribution capabilities.

  • Buyer
    Circle Graphics, H.I.G. Capital
    Target
    Bay Photo, Inc.
    Seller
    Larry Abitbol
    Industry
    Manufacturing
    Type
    Addon

    Circle Graphics, a portfolio company of H.I.G. Capital, has acquired Bay Photo, a professional photographic printing and wall décor business headquartered near Santa Cruz, California. The add-on expands Circle's product portfolio into metal prints, albums and photobooks and strengthens its presence in the professional photographer and artist markets.

  • Buyer
    Desch Plantpak B.V., Lincolnshire Management, Inc.
    Target
    Interplast Plastic Products (IPP)
    Seller
    Henk Aufderhaar
    Industry
    Manufacturing
    Location
    Netherlands
    Type
    Addon

    Desch Plantpak B.V., a portfolio company of Lincolnshire Management, has acquired Interplast Plastic Products (IPP), a Netherlands-headquartered manufacturer of injection-moulded horticulture pots and trays. The deal expands Desch's injection molding capacity and Eastern European footprint, combining manufacturing operations across the Netherlands, the UK and Poland and creating a larger integrated horticulture container platform.

  • Buyer
    Compass Precision, LLC, Main Street Capital Holdings, LLC
    Target
    Gray Manufacturing Technologies, LLC
    Industry
    Manufacturing
    Type
    Addon

    Compass Precision, a portfolio company of Main Street Capital Holdings, acquired Gray Manufacturing Technologies, a Denver, North Carolina-based precision metal components manufacturer serving space, aerospace and defense markets. The deal is an add-on acquisition to Compass Precision intended to expand manufacturing capabilities, increase 5-axis machining capacity, and broaden customer relationships across aerospace, space and medical end-markets.

  • Buyer
    Royston Group, Industrial Opportunity Partners
    Target
    ProImage Wholesale Signs
    Seller
    ProImage Wholesale Signs
    Industry
    Manufacturing
    Type
    Addon

    Royston Group, a portfolio company of Industrial Opportunity Partners (IOP), has acquired the assets of ProImage Wholesale Signs, adding an 80,000 sq. ft. facility in Jacksboro, Tennessee. The site will serve as Royston Group/SignResource's East Coast manufacturing hub, expanding capacity and improving service and freight economics for convenience, grocery and other retail customers; terms were not disclosed.

  • Buyer
    Elaghmore
    Target
    Blaze Signs Holdings Ltd, Blaze Signs Ltd, Cygnia Maintenance Ltd
    Seller
    Mobeus
    Industry
    Manufacturing
    Location
    Kent, United Kingdom
    Type
    Addon

    UK private equity firm Elaghmore has acquired Blaze Signs Holdings Ltd (including trading subsidiaries Blaze Signs Ltd and Cygnia Maintenance Ltd) from fellow PE firm Mobeus. Blaze — a Broadstairs-headquartered sign design, manufacture, installation and maintenance business with c.250 employees and ~£25m revenue in 2019 — will join Elaghmore's Hexcite Group as a bolt-on to expand the Group's signage, display and maintenance capabilities and cross-sell into its retailer and brand-owner customer base.

  • Buyer
    Waséyabek Development Company, LLC
    Target
    Re-Source Industries
    Seller
    Paul Kuyt, Re-Source Industries
    Industry
    Manufacturing
    Type
    Addon

    Waséyabek Development Company, the tribally-owned holding company of the Nottawaseppi Huron Band of the Potawatomi, has acquired CNC machining manufacturer Re-Source Industries of Muskegon, Michigan. The business will be renamed RSI of West Michigan and operate alongside WDC-owned Baker Engineering to expand West Michigan manufacturing capacity and capabilities; Calder Capital represented WDC in the transaction.

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