Celestica Acquires PCI Limited from Platinum Equity

Bain Capital and Kohlberg Lead Strategic Investment in PCI Pharma Services

July 14, 2025

Healthcare Services

PCI Pharma Services, a Philadelphia-based contract development and manufacturing organization (CDMO), received a strategic growth investment co-led by Bain Capital and existing lead investor Kohlberg, with significant reinvestment from Mubadala and a continuing minority stake from Partners Group. The capital will be used to accelerate PCI's organic and inorganic growth, expand sterile fill-finish and specialized manufacturing capacity, and broaden its geographic footprint to support biopharma customers and U.S. pharmaceutical supply-chain resilience.

The Sterling Group to Acquire Majority Ownership Stake in Precision Concepts International from ONCAP

July 15, 2025

Manufacturing

The Sterling Group, a Houston-based middle-market private equity firm, entered into a definitive agreement to acquire a majority ownership stake in Precision Concepts International, LLC (PCI) from ONCAP. PCI is a specialty rigid packaging solutions provider headquartered in Huntersville, North Carolina, with five U.S. manufacturing facilities plus locations in Canada and Costa Rica.

Kohlberg & Mubadala Acquire Majority Stake in PCI Pharma Services

December 1, 2020

Healthcare Services

Private equity firm Kohlberg & Company acquired a majority stake in PCI Pharma Services, with Mubadala Investment Company joining as a significant investor and Partners Group retaining a minority stake. The deal (signed August 24, 2020 and closed December 1, 2020) positions PCI to expand capabilities—such as sterile fill/finish and high-potency manufacturing—and further geographic reach while continuing to serve pharmaceutical and biopharmaceutical customers from its Philadelphia headquarters.

PCI Nederland Acquires Hecla Audiovisueel and ICT Spirit

July 10, 2019

IT Services

PCI Nederland has acquired two Dutch companies — Hecla Audiovisueel (Hengelo) and ICT Spirit (Haaksbergen) — as part of its continued roll-up strategy to expand revenue and specialist capabilities. The add-ons broaden PCI's managed IT and audiovisual service offering for both SMB and larger corporate clients while keeping the acquired businesses at their current locations.

Creation Technologies Acquires IEC Electronics Corp.

October 6, 2021

Manufacturing

Creation Technologies completed the acquisition of IEC Electronics Corp., an electronic manufacturing services (EMS) provider with strengths in aerospace & defense, medical and industrial markets. The deal adds IEC locations in Newark and Rochester, New York and Albuquerque, New Mexico and expands Creation's capabilities with precision machining, interconnect (cable and harness) and analytical laboratory testing services.

Electronic Merchant Systems Acquires PaymentCloud

January 30, 2024

Payments & Fintech

Electronic Merchant Systems (EMS), a Cleveland-based payment technology provider, has acquired Los Angeles-based PaymentCloud. The deal brings PaymentCloud's merchant-focused distribution and marketing capabilities into EMS's infrastructure to scale onboarding, processing and inside sales channels while integrating PaymentCloud leadership into EMS management.