Manufacturing Add-on Acquisitions in 2021
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December 30, 2021
- Buyer
- Midwest Products & Engineering (MPE INC), BPOC
- Target
- Racine Metal-Fab, Ltd.
- Industry
- Manufacturing
- Location
- Wisconsin, United States
- Type
- Addon
Midwest Products & Engineering (MPE INC), a portfolio company of healthcare-focused private equity firm BPOC, has acquired Racine Metal-Fab (RMF), a precision sheet metal fabricator. The add-on expands MPE's light-gauge stamping, fabrication and assembly capabilities to better serve medical device and technology OEM customers.
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December 29, 2021
- Buyer
- Nichols Portland, Inc., Altus Capital Partners II, L.P.
- Target
- Alpha Precision Group, LLC
- Industry
- Manufacturing
- Location
- Pennsylvania, United States
- Type
- Addon
Nichols Portland, Inc., a portfolio company of Altus Capital Partners, acquired the assets of Alpha Precision Group, LLC (APG). APG is a diversified metal-forming manufacturer (powder metallurgy, metal injection molding, additive manufacturing and precision valve assemblies) headquartered in St. Marys, Pennsylvania, with five plants across Pennsylvania and Michigan and over 400 employees; financial terms were not disclosed.
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December 29, 2021
- Buyer
- PTC Alliance LLC, Black Diamond Capital Management LLC
- Target
- Metal‑Matic, Inc.
- Seller
- Metal‑Matic's third‑generation family owners (unnamed)
- Industry
- Manufacturing
- Location
- United States
- Type
- Addon
PTC Alliance LLC, a portfolio company of Black Diamond Capital Management, has acquired Metal‑Matic, Inc., a manufacturer of welded and drawn over mandrel (DOM) carbon steel tubing. The deal, which closed December 29, 2021, adds Metal‑Matic’s four production facilities and more than 500 employees across Minnesota, Illinois and Ohio to PTC Alliance’s operations.
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December 22, 2021
- Buyer
- Industry 4.0 Fund (Quadrivio Group), Quadrivio Group
- Target
- Soft N.W. S.p.A.
- Seller
- Verzoletto family, Falco family
- Industry
- Manufacturing
- Location
- Piedmont, Italy
- Type
- Addon
Industry 4.0 Fund, the private equity vehicle of Quadrivio Group, has acquired a majority stake in Soft N.W. S.p.A., an Italian manufacturer of spunbonded polypropylene nonwoven fabrics. The transaction aims to consolidate Soft N.W. with Quadrivio's existing nonwovens platform (Texbond S.p.A.), support international expansion and product development, and strengthen the company’s management while pursuing digitalization and market consolidation.
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December 21, 2021
- Buyer
- Innovative Companies, Inc., Proviso Capital
- Target
- Taylor Studios, Inc.
- Seller
- Betty Brennan
- Industry
- Manufacturing
- Location
- Illinois, United States
- Type
- Addon
Innovative Companies, Inc., a portfolio company of Proviso Capital, has acquired Taylor Studios, Inc., an exhibit planning, design and fabrication firm based in Rantoul, Illinois. The deal, which closed December 15, 2021, is an add-on to Innovative Companies' platform as Proviso continues to build a global display, exhibit and sign manufacturing group; seller Betty Brennan will retain a continued role post-sale.
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December 20, 2021
- Buyer
- GEON Performance Solutions, SK Capital Partners
- Target
- Roscom, Inc.
- Industry
- Manufacturing
- Location
- Pennsylvania, United States
- Type
- Addon
GEON Performance Solutions, a portfolio company of SK Capital Partners, has acquired Roscom, Inc., an ISO9001:2015-certified PVC compounding facility in Croydon, Pennsylvania. The acquisition adds Roscom's flexible PVC compounding capabilities and Croydon manufacturing capacity to GEON's platform to better serve customers in the Northeastern United States and parts of Canada.
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December 17, 2021
- Buyer
- Trident Solutions, Inc., River Associates Investments
- Target
- LEM Products, Inc.
- Industry
- Manufacturing
- Location
- Pennsylvania, United States
- Type
- Addon
Trident Solutions, a Sherman, Texas-based portfolio company of River Associates Investments, acquired LEM Products, Inc., a Montgomeryville, Pennsylvania manufacturer of industrial identification products. The deal — an add-on to Trident's safety marking and identification platform — expands Trident's product breadth and manufacturing capabilities across infrastructure, OEM, and government end markets.
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December 17, 2021
- Buyer
- Arizona Natural Resources, CORE Industrial Partners
- Target
- HealthSpecialty
- Industry
- Manufacturing
- Location
- California, United States
- Type
- Addon
CORE Industrial Partners’ portfolio company Arizona Natural Resources (ANR) has acquired HealthSpecialty, a Santa Fe Springs, California-based contract manufacturer of premium skin, body and hair care products. The add-on expands ANR’s manufacturing footprint, R&D/formulation capabilities and product portfolio in the premium skincare and personal care markets.
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December 17, 2021
- Buyer
- Arsenal Capital Partners, Seal For Life Industries
- Target
- Mascoat Ltd., Verdia, Inc.
- Industry
- Manufacturing
- Location
- Texas, United States
- Type
- Addon
Arsenal Capital Partners’ industrial coatings platform, Seal For Life Industries, acquired two specialty coatings businesses—Mascoat Ltd. and Verdia, Inc.—to expand its global product offering in thermal insulation, anti-condensation, sound damping and polymer flooring systems. Both targets are privately held U.S. manufacturers based in Texas and will be integrated into the Seal For Life platform to broaden capabilities and market reach.
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December 16, 2021
- Buyer
- Solve Industrial Motion Group, Audax Private Equity
- Target
- Bearings Limited, Tritan (brand)
- Seller
- Owners of Bearings Limited (family ownership)
- Industry
- Manufacturing
- Location
- New York, United States
- Type
- Addon
Solve Industrial Motion Group, a portfolio company of Audax Private Equity, has acquired Bearings Limited and its Tritan brand. The add-on expands Solve's manufacturing and distribution footprint across North America, adding more than 25,000 Tritan products and six regional stocking locations to the Solve platform.
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December 16, 2021
- Buyer
- Omega Optical Holdings, LLC, Artemis Capital Partners
- Target
- Evaporated Metal Films Corp., Optometrics Corporation
- Seller
- Dynasil Corporation of America, Inc.
- Industry
- Manufacturing
- Location
- United States
- Type
- Addon
Omega Optical Holdings, a precision optics platform backed by Artemis Capital Partners, has acquired Evaporated Metal Films Corp. (EMF) and Optometrics Corporation from Dynasil Corporation of America. The transactions expand Omega’s thin-film coatings and diffractive optics capabilities — adding large-area thin-film deposition capacity and ruled/holographic grating technologies to the platform.
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December 16, 2021
- Buyer
- Union Park Capital, Exaktera
- Target
- ProPhotonix Limited
- Industry
- Manufacturing
- Location
- New Hampshire, United States
- Type
- Addon
Union Park Capital has acquired ProPhotonix Limited and will integrate the business into its Exaktera group. ProPhotonix, a designer and manufacturer of OEM laser modules and LED illumination solutions serving industrial, medical and scientific markets, will continue to be led by CEO Tim Losik and expand Exaktera's capabilities in optical and lighting components.
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December 16, 2021
- Buyer
- Vertellus, Pritzker Private Capital
- Target
- Jarchem Innovative Ingredients
- Industry
- Manufacturing
- Location
- New Jersey, United States
- Type
- Addon
Indianapolis-based Vertellus has acquired Jarchem Innovative Ingredients, a Newark, New Jersey manufacturer and supplier of specialty, nature-based ingredients. The deal expands Vertellus' portfolio in nature-based and environmentally friendly ingredients for personal care, food and specialty industrial markets; Vertellus is PE-backed by Pritzker Private Capital.
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December 15, 2021
- Buyer
- Novaria Group
- Target
- GK Mechanical Systems, LLC
- Industry
- Manufacturing
- Location
- Connecticut, United States
- Type
- Addon
Novaria Group has acquired GK Mechanical Systems, LLC, a designer and manufacturer of automatic positive locking systems for aerospace, defense and naval customers; terms were not disclosed. The deal expands Novaria's portfolio of proprietary hardware and strengthens its engineered locking and component capabilities while GK's management will continue to run the business.
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December 15, 2021
- Buyer
- MiQ Partners, Resilience Capital Partners
- Target
- CKC Engineering
- Industry
- Manufacturing
- Location
- California, United States
- Type
- Addon
MiQ Partners, a Resilience Capital Partners-backed intelligent automation platform, has acquired CKC Engineering, a precision automation machine builder based in Oakland, California. The add-on expands MiQ's California capacity (bringing total footprint to 155,000 sf), strengthens life sciences manufacturing capabilities (aseptic syringe filling, vertical farming solutions, medicinal product packaging) and adds roughly 13 engineers to the platform.
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December 14, 2021
- Buyer
- Dwyer Instruments, Arcline Investment Management
- Target
- Universal Flow Monitors, Inc.
- Industry
- Manufacturing
- Location
- Michigan, United States
- Type
- Addon
Dwyer Instruments, a portfolio company of Arcline Investment Management, acquired Universal Flow Monitors, Inc. (UFM), a manufacturer of flow meters and controllers for fluids and gases used in automation, robotics and process automation. The deal adds UFM's ruggedized flow measurement portfolio to Dwyer's sensor and instrumentation offerings to support further growth in niche industrial markets.
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December 14, 2021
- Buyer
- Weinberg Capital Group, North American Kitchen Solutions, Inc. (NAKS)
- Target
- Lane Mechanical Inc.
- Seller
- Randy & Lynn Lane
- Industry
- Manufacturing
- Location
- Georgia, United States
- Type
- Addon
Weinberg Capital Group and North American Kitchen Solutions (NAKS) have acquired Lane Mechanical Inc., a Dallas, Georgia-based commercial kitchen sheet metal fabricator. The acquisition adds a second manufacturing plant to NAKS, providing increased production capacity, faster regional delivery and expanded custom-fabrication capabilities for the company's HoodMart/ventilation systems business.
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December 13, 2021
- Buyer
- ZXP Technologies, Milton Street Capital
- Target
- Maverick Performance Products, LLC
- Industry
- Manufacturing
- Location
- Arizona, United States
- Type
- Addon
ZXP Technologies, a Houston-based lubricants manufacturer and portfolio company of Milton Street Capital, has acquired Maverick Performance Products to broaden its finished-lubricant offerings and strengthen vertical integration. The deal gives ZXP immediate access to new end markets and private-label programs while improving supply-chain flexibility and growth potential.
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December 13, 2021
- Buyer
- TriMas
- Target
- Omega Plastics, TFI Aerospace
- Seller
- Private, family-owned owners (Omega Plastics), Private, family-owned owners (TFI Aerospace)
- Industry
- Manufacturing
- Location
- Michigan, United States
- Type
- Addon
TriMas (NASDAQ: TRS) announced bolt-on acquisitions of Omega Plastics (added to TriMas Packaging) and TFI Aerospace (added to TriMas Aerospace). Omega, a Clinton Township, Michigan injection-molding and tooling company serving medical and industrial markets, generated about $18M of revenue in 2021; TFI, near Toronto, is a specialty aerospace fastener supplier with about $6M of revenue. TriMas said both targets are private, family-owned companies and expects the deals to expand product offerings and manufacturing capacity while keeping net leverage below 2.0x.
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December 13, 2021
- Buyer
- Meridian Adhesives Group
- Target
- Tri-Tex Co. Inc. (Adhesives Division)
- Seller
- Tri-Tex Co. Inc.
- Industry
- Manufacturing
- Location
- Quebec, Canada
- Type
- Addon
Meridian Adhesives Group has acquired the adhesives division of Canadian chemical manufacturer Tri-Tex Co. Inc., adding hot melt, water‑based, pressure‑sensitive and general‑purpose adhesives to Meridian’s Packaging Division. The deal expands Meridian’s packaging adhesive product lines and geographic footprint; Tri‑Tex concurrently sold its Dyes & Pigments and Surfactants divisions to Polyventive.
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December 10, 2021
- Buyer
- CGI Automated Manufacturing, CORE Industrial Partners
- Target
- Precision Metal Fab, Precision Tool & Die
- Industry
- Manufacturing
- Location
- Oklahoma, United States
- Type
- Addon
CGI Automated Manufacturing, a CORE Industrial Partners portfolio company, has acquired Precision Metal Fab and Precision Tool & Die (collectively, PMF). PMF, headquartered in Ponca City, Oklahoma, provides CNC laser cutting, stamping, metal die formation, welding and assembly services and will be integrated into the CGI platform to expand its sheet-metal and fabrication capabilities.
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December 9, 2021
- Buyer
- Trystar, Goldner Hawn
- Target
- Total Plant Management Group (TPMG)
- Industry
- Manufacturing
- Location
- Texas, United States
- Type
- Addon
Trystar, a Goldner Hawn portfolio company, has acquired Total Plant Management Group (TPMG), a Houston-based designer and manufacturer of prefabricated steel buildings, control panels, metering skids, and modular electrical substations. The deal expands Trystar's power-system offerings by adding turnkey engineering, fabrication, integration, testing and commissioning capabilities for E-houses and remote instrument enclosures.
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December 8, 2021
- Buyer
- Molded Dimensions, LLC, ShoreView
- Target
- PCO Urethane
- Industry
- Manufacturing
- Location
- Wisconsin, United States
- Type
- Addon
Molded Dimensions, a ShoreView portfolio company, has acquired PCO Urethane, a Marshfield, Wisconsin manufacturer of precision machined urethane parts. The add-on increases capacity, adds complementary capabilities (compound formulation, mold design and machining) and expands the combined customer base across end markets such as automotive, trucking and medical.
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December 8, 2021
- Buyer
- Duraco Specialty Tapes, OpenGate Capital
- Target
- Rayven, Inc.
- Seller
- Private sellers
- Industry
- Manufacturing
- Location
- Minnesota, United States
- Type
- Addon
Duraco Specialty Tapes, an OpenGate Capital portfolio company, has acquired Rayven, Inc., a St. Paul, Minnesota developer and manufacturer of coated functional films, specialty tapes, and release liners, from private sellers. The add-on expands Duraco's product development capabilities, adds coating capacity, and broadens its addressable markets in flexible packaging, building products, graphics, and healthcare.
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December 7, 2021
- Buyer
- Industrial Physics, Union Park Capital
- Target
- Technidyne Corporation
- Seller
- Popson family
- Industry
- Manufacturing
- Location
- Indiana, United States
- Type
- Addon
Industrial Physics, a portfolio company of Union Park Capital, has acquired Technidyne Corporation, a U.S.-based maker of instruments that measure optical, surface and physical properties of paper and related materials. The deal adds optical-properties measurement and automated testing capabilities to Industrial Physics' offerings and strengthens service coverage in the U.S. and Canada while expanding Technidyne's access to Industrial Physics' global sales and service footprint.
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December 7, 2021
- Buyer
- JBC Technologies, Inc., River Associates Investments
- Target
- Die Cut Technologies, Inc.
- Seller
- Scott Flores
- Industry
- Manufacturing
- Location
- Colorado, United States
- Type
- Addon
JBC Technologies, a portfolio company of River Associates Investments, acquired Die Cut Technologies (DCT), a Northglenn, Colorado-based full-service die-cutting and flexible materials converter. The add-on acquisition — JBC's first — closed on December 7, 2021 and expands JBC's converting capabilities (laser cutting, cleanroom production, large-format die cutting), manufacturing footprint, and presence in medical, electronics, automotive, and aerospace end markets.
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December 7, 2021
- Buyer
- Meridian Adhesives Group
- Target
- American Sealants Inc.
- Industry
- Manufacturing
- Location
- Indiana, United States
- Type
- Addon
Meridian Adhesives Group has acquired American Sealants Inc. (ASI), a Fort Wayne, Indiana-based manufacturer of product assembly adhesives and sealants. ASI will join Meridian's Industrial Division to broaden the group's product assembly capabilities and expand its packaging and private-label offerings.
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December 6, 2021
- Buyer
- Specialized Packaging Group
- Target
- Packaging Concepts & Design, Packaging Specialists, Inc.
- Seller
- O2 Investment Partners
- Industry
- Manufacturing
- Location
- United States
- Type
- Addon
Specialized Packaging Group (SPG), a portfolio company of Altamont Capital Partners, acquired Packaging Concepts & Design (PC&D) of Troy, Michigan and Packaging Specialists, Inc. (PSI) of Phoenix, Arizona from common owner O2 Investment Partners. The add-on acquisition expands SPG's Engineered Packaging capabilities, adds roughly 100 employees to the combined workforce, and strengthens SPG's engineering, design and manufacturing footprint across North America—particularly in automotive and aerospace end markets.
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December 6, 2021
- Buyer
- Calibre Scientific
- Target
- Benson Polymeric
- Industry
- Manufacturing
- Location
- Nevada, United States
- Type
- Addon
Calibre Scientific has acquired Benson Polymeric, a Reno-based manufacturer of polymer-based HPLC columns and resins. The acquisition expands Calibre Scientific’s chromatography product suite and enables cross-selling of Benson’s columns across Calibre’s global distribution network.
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December 2, 2021
- Buyer
- SSW Advanced Technologies, Trive Capital
- Target
- Schott-Gemtron Corporation
- Seller
- SCHOTT AG, AGC Flat Glass North America Inc.
- Industry
- Manufacturing
- Location
- Tennessee, United States
- Type
- Addon
SSW Advanced Technologies, a portfolio company of Trive Capital, has acquired Schott-Gemtron Corporation, a North American manufacturer of specialty glass parts and systems for the appliance and HVAC markets. The deal expands SSW's product portfolio and manufacturing capacity across the United States, Mexico and Canada and adds product development capabilities to better serve appliance OEM customers.
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December 2, 2021
- Buyer
- Duraco Specialty Tapes, OpenGate Capital
- Target
- 3 Sigma
- Seller
- Brixey & Meyer Capital
- Industry
- Manufacturing
- Location
- Ohio, United States
- Type
- Addon
OpenGate Capital portfolio company Duraco Specialty Tapes has acquired 3 Sigma, a Troy, Ohio-based custom provider of pressure-sensitive products and specialty coatings, from Brixey & Meyer Capital. The add-on expands Duraco’s coating, in-house adhesive formulation and manufacturing capabilities to better serve high-growth end markets such as health & beauty, flexible packaging, food & beverage and medical.
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December 2, 2021
- Buyer
- BindTech LLC
- Target
- Steffen Bookbinders Inc.
- Seller
- Bill and Betty Turoczy
- Industry
- Manufacturing
- Location
- Ohio, United States
- Type
- Addon
BindTech LLC has acquired Cleveland-based Steffen Bookbinders Inc., bringing the century-old bindery into its nationwide group of trade book manufacturers and post-press services. The deal expands BindTech's Cleveland-area footprint and capabilities—adding layflat and PUR perfect-binding capacity—and was sold by long-time owners Bill and Betty Turoczy.
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December 2, 2021
- Buyer
- Altamira MS Holdings, Edgewater Capital Partners
- Target
- Precision Fluorocarbon, LLC
- Industry
- Manufacturing
- Location
- Texas, United States
- Type
- Addon
Altamira MS Holdings, a portfolio company of Edgewater Capital Partners, has acquired Precision Fluorocarbon, LLC (PFI). PFI is a manufacturer of engineered PTFE components serving primarily the semiconductor and industrial markets and will join the Altamira Material Solutions platform to expand engineered-components capabilities and end-market penetration.
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December 1, 2021
- Buyer
- Pexco LLC, AEA Investors LP
- Target
- Performance Elastomers Corporation
- Seller
- Art Bowen, Dave Spears
- Industry
- Manufacturing
- Location
- Ohio, United States
- Type
- Addon
Pexco LLC, a PE-backed North American specialty plastics extruder, acquired Performance Elastomers Corporation (PEC), a Ravenna, Ohio-based manufacturer of rubber, silicone and thermoplastic elastomer (TPE) products. The deal — announced December 1, 2021 — expands Pexco's silicone and TPE capabilities and broadens its end-market exposure in mobility, RV, marine and heavy equipment aftermarket segments; PEC owners Art Bowen and Dave Spears sold the business.
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December 1, 2021
- Buyer
- Lufkin Industries, KPS Capital Partners
- Target
- US Rod, Patriot Pump
- Industry
- Manufacturing
- Location
- United States
- Type
- Addon
Lufkin Industries, a portfolio company of KPS Capital Partners, completed acquisitions of US Rod (Nappanee, Indiana) and Patriot Pump (Williston, North Dakota). The deals expand Lufkin's rod lift manufacturing and downhole product/service capabilities, strengthening its integrated rod pumping systems offering across key U.S. basins.
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December 1, 2021
- Buyer
- Cennox, Inc., York Capital Management
- Target
- FireKing Safety and Security
- Seller
- Pfingsten
- Industry
- Manufacturing
- Location
- Indiana, United States
- Type
- Addon
Cennox, a York Capital Management-backed platform, has acquired FireKing Safety and Security from Pfingsten. FireKing, headquartered in New Albany, Indiana, is a manufacturer and national service provider of safes and cash-cycle management equipment; the transaction closed on November 22, 2021.
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- Buyer
- Trystar, Goldner Hawn
- Target
- Controlled Power Company
- Industry
- Manufacturing
- Location
- Michigan, United States
- Type
- Addon
Trystar, a Goldner Hawn portfolio company, has acquired Controlled Power Company (CPC), a Troy, Michigan-based manufacturer of commercial, industrial, and medical-grade power quality solutions. The acquisition expands Trystar's portable and permanent power distribution offerings to include inverters, high-efficiency transformers, power conditioning, UPS/battery backup and industrial DC (rectifier) solutions, broadening its end markets such as data centers, healthcare, and commercial buildings.
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November 30, 2021
- Buyer
- Quality Valve, Pfingsten
- Target
- Griffco Valve, Inc.
- Industry
- Manufacturing
- Location
- New York, United States
- Type
- Addon
Pfingsten-backed Quality Valve has acquired Griffco Valve, Inc., a manufacturer of back pressure and pressure relief valves based in Amherst, New York. The add-on deal, which closed on November 15, 2021, expands Quality Valve's product portfolio and customer reach—particularly in the water/wastewater and chemical feed markets.
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November 30, 2021
- Buyer
- Global Precision Products, LLC, Aldine Capital Partners, Touchpoint Capital Partners
- Target
- Will-Mor Manufacturing, LLC
- Industry
- Manufacturing
- Location
- New Hampshire, United States
- Type
- Addon
Global Precision Products, LLC has acquired Will-Mor Manufacturing, LLC, a Seabrook, New Hampshire-based precision contract manufacturer of mission-critical aerospace and defense components. The deal, completed in November 2021, was completed in parallel with subordinated debt and equity provided by Aldine Capital Partners alongside Touchpoint Capital Partners and expands Global's capabilities in tight-tolerance machining and high-temp superalloy work.
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November 30, 2021
- Buyer
- Sidco Filter Company, Fairchild Capital Partners, LLC
- Target
- Roome Technologies, Inc.
- Industry
- Manufacturing
- Location
- New York, United States
- Type
- Addon
Sidco Filter Company, a portfolio company of Fairchild Capital Partners, acquired Roome Technologies, a Honeoye, New York-based manufacturer of high-efficiency filters. The acquisition is an add-on intended to expand Sidco's product offerings (HEPA, MERV, ULPA, activated carbon) and channels across medical, cleanroom and aerospace end markets and to leverage combined manufacturing capabilities.
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November 30, 2021
- Buyer
- Rochester Gauges, LLC, Renovo Capital, LLC
- Target
- Concept Technology
- Industry
- Manufacturing
- Location
- Missouri, United States
- Type
- Addon
Rochester Gauges, LLC acquired the assets of Concept Technology (CTI), a St. Louis-based manufacturer of liquid level sensors for commercial refrigeration. The acquisition expands Rochester's product portfolio and footprint in the liquid level measurement segment and enables CTI's OEM customer base to leverage Rochester's broader manufacturing and engineering resources.
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November 23, 2021
- Buyer
- Boss Industries, Wynnchurch Capital
- Target
- HIPPO Multipower
- Seller
- HIPPO Multipower
- Industry
- Manufacturing
- Location
- Missouri, United States
- Type
- Addon
Boss Industries, a portfolio company of Wynnchurch Capital, acquired the commercial assets of HIPPO Multipower. The add-on acquisition expands Boss's mobile power product portfolio and broadens end-market coverage across utility, municipal and railroad customers.
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- Buyer
- Pure Wafer, Edgewater Capital Partners, Patriot Capital
- Target
- Noel Technologies
- Industry
- Manufacturing
- Location
- California, United States
- Type
- Addon
Pure Wafer, a portfolio company of Edgewater Capital Partners, has acquired Silicon Valley-based Noel Technologies, a process development and fabrication services provider for the semiconductor industry. Patriot Capital provided subordinated debt to support the add-on acquisition, which expands Pure Wafer's process capabilities and product portfolio in thin films, lithography engineering and other specialty wafer services.
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November 22, 2021
- Buyer
- TJM Capital Partners
- Target
- Midwest Automation LLC
- Seller
- Kenny Holley (past president and owner)
- Industry
- Manufacturing
- Location
- Minnesota, United States
- Type
- Addon
TJM Capital Partners, a Chicago-based private equity firm, has acquired Midwest Automation LLC, a family-owned U.S. manufacturer of industrial machinery for metal deburring, edge rounding and surface finishing. Kenny Holley, the past president and owner, exited the business and Micah Coleman (CEO of Timesavers LLC and Dubois Equipment Co.) will serve as incoming CEO as TJM looks to expand Midwest Automation's capabilities and grow the business.
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November 18, 2021
- Buyer
- GRT Rubber Technologies, Main Street Capital Corporation
- Target
- Valley Rubber, L.L.C.
- Industry
- Manufacturing
- Location
- Alabama, United States
- Type
- Addon
GRT Rubber Technologies (GRT), a PE-backed manufacturer of engineered rubber products, acquired Valley Rubber, a maker of custom rubber solutions for mining, aggregates and industrial applications. The deal, supported by a $22.1 million follow-on investment from Main Street Capital Corporation to GRT, expands GRT's product portfolio, end-market exposure and international footprint (notably Chile, Mexico and Peru).
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November 18, 2021
- Buyer
- MiddleGround Capital, Alco Manufacturing Corporation
- Target
- Kaddis Manufacturing Corporation
- Industry
- Manufacturing
- Location
- New York, United States
- Type
- Addon
MiddleGround Capital’s portfolio company Alco Manufacturing Corporation has acquired Kaddis Manufacturing Corporation, a Rochester, New York-based precision machining business. The transaction is MiddleGround's second add‑on to the Alco platform and expands Alco's precision machining capabilities across brass and aluminum materials for industrial, medical and automotive end markets.
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November 6, 2021
- Buyer
- Severn Group, Bluewater
- Target
- ValvTechnologies
- Industry
- Manufacturing
- Location
- Texas, United States
- Type
- Addon
Severn Group has acquired ValvTechnologies, a Houston-based leader in metal-seated, zero-leakage isolation valves, expanding the group's severe-service valve capabilities and aftermarket services. The deal was funded by private equity firm Bluewater (which invested in Severn Group in 2019) and is intended to broaden Severn's international presence and end-market coverage while ValvTechnologies retains operational independence.
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November 4, 2021
- Buyer
- National Carwash Solutions, Berkshire Partners
- Target
- Zep Vehicle Care
- Seller
- Zep, Inc.
- Industry
- Manufacturing
- Location
- Minnesota, United States
- Type
- Addon
National Carwash Solutions (NCS), majority-owned by Berkshire Partners, has acquired Zep Vehicle Care (ZVC) from Zep, Inc. The acquisition adds ZVC's commercial car wash chemical brands (including Armor All Professional, Blue Coral, and Rain‑X) and PurClean water reclamation equipment to NCS's equipment, chemicals, and service offerings as an add-on to its platform.
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November 3, 2021
- Buyer
- Arxada, Bain Capital, Cinven
- Target
- Troy Corporation
- Industry
- Manufacturing
- Location
- New Jersey, United States
- Type
- Addon
Arxada, the private-equity-backed specialty chemicals company owned by Bain Capital and Cinven, has entered into an agreement to combine with Troy Corporation. The deal will fold Troy's microbial-control and performance-additives capabilities and production footprint (including sites in the US, Germany, the Netherlands and Thailand) into Arxada, accelerating product innovation and expanding geographic and manufacturing reach.
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November 2, 2021
- Buyer
- Tide Rock Holdings
- Target
- Altratek Plastics
- Seller
- Dan Kaven (former owner)
- Industry
- Manufacturing
- Location
- Colorado, United States
- Type
- Addon
Tide Rock Holdings, a San Diego–area strategic holding/PE firm, has acquired Altratek Plastics, a Longmont, Colorado custom injection molding and tooling company. The deal expands Tide Rock’s plastics manufacturing platform by adding mid-tonnage injection molding capacity, robot-assisted automated production and broader end-market coverage across commercial, industrial and specialty consumer products. Michael Engler (CEO of Tide Rock portfolio companies) will lead Altratek as CEO alongside Dan Kaven, the company’s former owner, to manage the transition.
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