Incodema Acquires Majestic Metals

CORE Industrial Partners Acquires Incodema and Newcut to Form Incodema Holdings

July 29, 2020

Manufacturing

CORE Industrial Partners formed a new platform, Incodema Holdings, and acquired precision sheet metal manufacturer Incodema and photo chemical etching provider Newcut. The combined company will serve aerospace & defense, electronics and medical end markets, with CORE citing the targets' micro‑manufacturing capabilities and proven prototype‑to‑production track record as drivers of the investment.

Incodema (CORE Industrial Partners) Acquires Centex, Laser Manufacturing, PPC and Micropulse West

April 30, 2021

Manufacturing

CORE Industrial Partners’ portfolio company Incodema Holdings, LLC acquired four precision machining businesses—Centex Machining & Welding, Laser Manufacturing, Precision Process Corporation (PPC) and Micropulse West—to expand its precision manufacturing capabilities. The add-on deals broaden Incodema’s capabilities and end-market exposure (notably medical, semiconductor and aerospace/defense) as CORE continues to consolidate precision manufacturing assets across North America.

CORE Industrial Partners Affiliate (Incodema) Acquires Dahlquist Machine

December 21, 2020

Manufacturing

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.

Incodema Holdings (CORE Industrial Partners) Acquires Mark Two Engineering

January 5, 2021

Medical Devices

CORE Industrial Partners’ portfolio company Incodema Holdings acquired Mark Two Engineering, a Miami Lakes, Florida-based contract manufacturer specializing in high-precision CNC machining for medical device OEMs. The add-on strengthens Incodema’s nationwide precision manufacturing platform by adding CNC milling/turning/grinding capabilities and expands the combined group's end-market footprint in medical, electronics, aerospace & defense, and industrial sectors.

AFM Capital Partners Acquires Majority Ownership in Incodema3D

March 5, 2026

Industrial Services

AFM Capital Partners acquired a majority ownership interest in Incodema3D Holdings, Inc., a contract manufacturer specializing in metal additive manufacturing for mission-critical defense, aerospace, space, energy, and industrial applications. Incodema3D’s founder, CEO Sean Whittaker, and senior leadership retained significant equity and will continue leading the business alongside AFM Capital.

Accudynamics Acquires TAM Metal Products

September 30, 2024

Manufacturing

Accudynamics, LLC — part of the Makers Forward family of companies — has acquired TAM Metal Products (aka TAM Precision, LLC), a Mahwah, New Jersey-based manufacturer of sheet metal enclosures, precision components and assemblies. The acquisition is an add-on to the Accudynamics Group intended to expand manufacturing capabilities, capacity and service offerings for aerospace, defense, medical and other commercial customers.