Manufacturing Buyout Acquisitions in 2022
Acquisition Volume in Manufacturing Buyout in 2022 by Year
Last 5 years
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December 31, 2022
- Buyer
- Modern Litho - St. Louis (Modern Litho)
- Target
- Scotts Printing
- Seller
- Davis Wilson
- Industry
- Manufacturing
- Location
- Missouri, United States
- Type
- Buyout
Modern Litho-St. Louis has acquired Scotts Printing of Rolla, Missouri, effective December 31, 2022. The acquisition expands Modern Litho's regional printing capacity and capabilities (offset, digital, bindery/finishing) and consolidates Scotts Printing's operations into Modern Litho's St. Louis facility.
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December 30, 2022
- Buyer
- Trinity Industries, Inc.
- Target
- Holden America
- Industry
- Manufacturing
- Location
- Quebec, Canada
- Type
- Buyout
Trinity Industries, Inc. acquired Holden America for an initial purchase price of $70 million plus a minimum of $5 million per year for the next two years. Holden America manufactures multi-level vehicle securement and protection systems, gravity-outlet gates and gate accessories for freight rail; the deal adds a market-leading bi-level chock system to Trinity's autorack product portfolio and expands its higher-margin aftermarket parts exposure. The acquisition closed on December 30, 2022, and Trinity will retain all Holden employees.
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December 29, 2022
- Buyer
- Argosy Private Equity, Stone River Capital Partners
- Target
- Unisorb Installation Technologies
- Industry
- Manufacturing
- Location
- Michigan, United States
- Type
- Buyout
Argosy Private Equity, alongside Stone River Capital Partners, acquired Unisorb Installation Technologies, a Michigan-based maker of engineered installation products for machinery. Argosy said the investment will support product development, strategic initiatives and expansion into end markets such as power generation as part of its sixth lower middle market fund.
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- Buyer
- Torque Capital Group
- Target
- Metal Forming & Coining Corporation (MFC / Netform)
- Seller
- Paul Kessler
- Industry
- Manufacturing
- Location
- Michigan, United States
- Type
- Buyout
Torque Capital Group, a middle-market private equity firm, has acquired Metal Forming & Coining Corporation (MFC / Netform), a manufacturer of advanced flow-formed and cold-formed components serving automotive and truck powertrain markets. The acquisition will support investment in technology, people and capabilities to expand MFC / Netform’s product offerings and address evolving powertrain needs including electrification.
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December 27, 2022
- Buyer
- ASSA ABLOY, HID Global
- Target
- Janam Technologies
- Industry
- Manufacturing
- Location
- New York, United States
- Type
- Buyout
ASSA ABLOY, through its HID Global business, acquired Janam Technologies, a US-based maker of rugged handheld mobile computers and readers, to expand its event access and reader product portfolio. The acquisition brings Janam’s barcode, RFID and NFC-enabled readers into HID’s Events & Mobility Solutions unit, enhancing HID/ASSA ABLOY’s capabilities for venue access, ticketing and enterprise mobile computing.
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December 22, 2022
- Buyer
- Marcal Paper
- Target
- von Drehle Corporation
- Industry
- Manufacturing
- Location
- North Carolina, United States
- Type
- Buyout
Marcal Paper has acquired von Drehle Corporation, a provider of towel and tissue products for the away-from-home market. Von Drehle will operate as a division of Marcal, expanding Marcal's manufacturing footprint and scale across the East Coast and nationwide; financial terms were not disclosed.
-
December 21, 2022
- Buyer
- Lacerta Group, LLC, SK Capital Partners
- Target
- Portage Plastics Corporation, PPC Investments, LLC
- Industry
- Manufacturing
- Location
- Wisconsin, United States
- Type
- Buyout
Lacerta Group acquired substantially all the assets of Portage Plastics Corporation and PPC Investments, LLC (together, Portage Plastics) on December 21, 2022, expanding its production footprint into Portage, Wisconsin. The deal included retention of more than 50 Portage Plastics employees and will support Lacerta's efforts to better serve customers in the Midwest and Central United States; Lacerta is a portfolio company of SK Capital Partners.
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December 19, 2022
- Buyer
- River Associates Investments, LP
- Target
- Caster Connection, LLC
- Industry
- Manufacturing
- Location
- Ohio, United States
- Type
- Buyout
River Associates Investments acquired Caster Connection, a Columbus, Ohio-based supplier and manufacturer of industrial casters, in a transaction that closed on December 19, 2022. River funded the deal from its River VIII fund with financing from Abacus Finance and plans to grow Caster Connection as a platform and pursue add-on acquisitions.
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December 19, 2022
- Buyer
- Engineered Foam Packaging (EFP)
- Target
- NatureKool, Inc.
- Industry
- Manufacturing
- Location
- North Carolina, United States
- Type
- Buyout
Engineered Foam Packaging (EFP), a unit of EFP, LLC., has acquired NatureKool, Inc., a North Carolina-based maker of natural-fiber insulated shippers. The deal expands EFP's Temperature Solutions Group product set with compostable, curbside-recyclable natural-fiber thermal packaging and strengthens its cold-chain and sustainable packaging capabilities for pharmaceutical and food customers.
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December 15, 2022
- Buyer
- Electric Research and Manufacturing Cooperative, Inc. (ERMCO), Arkansas Electric Cooperatives, Inc. (AECI)
- Target
- Spire Power Solutions L.P.
- Seller
- Mill Point Capital LLC
- Industry
- Manufacturing
- Location
- Georgia, United States
- Type
- Buyout
Electric Research and Manufacturing Cooperative, Inc. (ERMCO), a subsidiary of Arkansas Electric Cooperatives, Inc. (AECI), has acquired Spire Power Solutions L.P. from Mill Point Capital. The deal combines two North American transformer manufacturers to expand production capacity and extend product offerings into renewable energy and data center markets.
-
December 15, 2022
- Buyer
- Midwest Growth Partners, Summit Equity Group, NewSpring Mezzanine, Company management
- Target
- Manitowoc Tool & Machining
- Industry
- Manufacturing
- Location
- Wisconsin, United States
- Type
- Buyout
Midwest Growth Partners and Summit Equity Group, with mezzanine financing from NewSpring Mezzanine and a management rollover, completed an acquisition of Manitowoc Tool & Machining (MTM). The transaction positions MTM — a precision, production-oriented contract manufacturer serving OEM customers across agriculture, HVAC, aerospace & defense, medical and logistics/e-commerce — for continued growth and expanded capabilities under sponsor ownership.
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- Buyer
- Maple Hill Capital
- Target
- Warne Scope Mounts
- Seller
- Salt Creek Capital
- Industry
- Manufacturing
- Location
- Oregon, United States
- Type
- Buyout
An affiliate of Maple Hill Capital has acquired Warne Scope Mounts from Salt Creek Capital. Warne, a U.S.-based manufacturer of firearm scope mounting systems founded in 1991 and headquartered in Tualatin, Oregon, will be positioned for further scaling and capability expansion under the new ownership.
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December 8, 2022
- Buyer
- Laird Connectivity
- Target
- Boundary Devices
- Industry
- Manufacturing
- Location
- California, United States
- Type
- Buyout
Laird Connectivity has acquired Boundary Devices, a Lake Forest, California-based designer and manufacturer of System-on-Modules (SOM) and Single Board Computers (SBC). The deal expands Laird Connectivity's embedded computing product portfolio and combines Boundary Devices' SOM/SBC capabilities, U.S.-based manufacturing and software support with Laird's wireless connectivity offerings.
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December 7, 2022
- Buyer
- Mangrove Equity Partners
- Target
- Atlas Greenhouse
- Seller
- Mark Davis (owner of Atlas Greenhouse)
- Industry
- Manufacturing
- Location
- Georgia, United States
- Type
- Buyout
Mangrove Equity Partners, a Tampa-based lower middle-market private equity firm, has acquired Atlas Greenhouse, an Alapaha, Georgia-based manufacturer and distributor of commercial greenhouses and related accessories. Heritage Capital Group served as Atlas's exclusive financial advisor; Mangrove said it will partner with Atlas president Mark Davis to professionalize operations and support the company's next phase of growth.
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December 7, 2022
- Buyer
- Milton Industries, Levine Leichtman Capital Partners (LLCP)
- Target
- ProMAXX Tool
- Industry
- Manufacturing
- Location
- Pennsylvania, United States
- Type
- Buyout
Chicago-based Milton Industries, in partnership with financial sponsor Levine Leichtman Capital Partners (LLCP), has acquired ProMAXX Tool, a designer and manufacturer of on-the-vehicle exhaust manifold repair kits and specialty hand tools. The acquisition expands Milton's product offering and market channels in the automotive and heavy-duty truck aftermarket; ProMAXX's founder Jeff Del Rossa will lead Milton's Specialty Tool Group.
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December 6, 2022
- Buyer
- Burke Porter Group
- Target
- Quantum 3
- Industry
- Manufacturing
- Location
- County Clare, Ireland
- Type
- Buyout
Burke Porter Group (BPG) has acquired Quantum 3 (Q3), a Ireland-based designer and builder of modular aluminium framing systems and turnkey production line solutions for medical and life sciences manufacturers. The acquisition expands BPG's life sciences capabilities and footprint in Ireland while keeping Q3 founders and leadership in place to support integration and continued growth.
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December 6, 2022
- Buyer
- Albers Aerospace
- Target
- Garrett Container Systems
- Industry
- Manufacturing
- Location
- Maryland, United States
- Type
- Buyout
Albers Aerospace has acquired Garrett Container Systems (GCS), a manufacturer of aluminum storage, shipping containers and tactical kits. GCS will continue operating from Accident, Maryland as a wholly owned subsidiary of Albers, which plans to expand the business including operations in Amarillo, Texas; the acquisition strengthens Albers' capabilities to support military customers.
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December 6, 2022
- Buyer
- Fogco
- Target
- Snap-Fan Solar National Air Propulsion
- Seller
- Lucien Eddisford
- Industry
- Manufacturing
- Location
- Arizona, United States
- Type
- Buyout
Fogco, a Chandler, Arizona manufacturer of high-pressure fog and misting systems, has acquired Snap-Fan Solar National Air Propulsion, a maker of energy-efficient and solar-powered ventilation equipment for commercial, residential and horticulture markets. The acquisition expands Fogco's product capabilities in ventilation and horticulture-focused airflow solutions and brings Snap-Fan's founder Lucien Eddisford into the Fogco team.
-
December 5, 2022
- Buyer
- Lakeland Industries, Inc.
- Target
- Eagle Technical Products Limited
- Industry
- Manufacturing
- Location
- Greater Manchester, United Kingdom
- Type
- Buyout
Lakeland Industries, Inc. (NASDAQ:LAKE) acquired UK-based Eagle Technical Products Limited in an all-cash transaction valued at approximately $10.8 million, subject to post-closing adjustments and potential earnouts. The acquisition expands Lakeland's protective apparel product portfolio—particularly fire service protective clothing—and broadens its sales presence across the Middle East, Europe and Asia.
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December 2, 2022
- Buyer
- Continuim Equity Partners
- Target
- Cutting Edge Machining Solutions (CEMS)
- Seller
- Michael Walsh
- Industry
- Manufacturing
- Location
- Pennsylvania, United States
- Type
- Buyout
Pittsburgh-based private equity firm Continuim Equity Partners has acquired Cutting Edge Machining Solutions (CEMS), a Swiss-style CNC precision machine shop headquartered in Clearfield, Pennsylvania, from Michael Walsh. Continuim plans to use CEMS as the first investment in a new automation-enabled precision machining platform to drive operational improvements and pursue add-on acquisitions across aerospace, defense, electronics and other industrial end markets.
-
December 2, 2022
- Buyer
- Daikin Comfort Technologies North America, Inc., Daikin Industries, Ltd.
- Target
- Venstar, Inc.
- Industry
- Manufacturing
- Location
- California, United States
- Type
- Buyout
Daikin Comfort Technologies North America, Inc., a subsidiary of Daikin Industries, Ltd., has acquired Venstar, Inc., a Southern California–based thermostat and energy management systems provider. Venstar’s smart thermostats, Surveyor EMS and Skyport Cloud services will remain under existing management with headquarters and employees retained as Daikin integrates the technology into its connected indoor-comfort offerings.
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December 1, 2022
- Buyer
- Lincoln Electric Holdings, Inc.
- Target
- Fori Automation, LLC
- Industry
- Manufacturing
- Location
- Michigan, United States
- Type
- Buyout
Lincoln Electric Holdings, Inc. completed the acquisition of Fori Automation, LLC and closed a $400 million senior secured term loan to partially fund the purchase. The deal expands Lincoln Electric's automation and engineering capabilities and increases its annualized automation portfolio revenue to over $850 million, supporting its Higher Standard 2025 strategy.
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December 1, 2022
- Buyer
- Tide Rock Holdings
- Target
- Adura LED Solutions
- Industry
- Manufacturing
- Location
- California, United States
- Type
- Buyout
Tide Rock Holdings has acquired Adura LED Solutions, a Southern California manufacturer of high-performance LED modules and patented SinkPAD PCB technology. Tide Rock — a San Diego–area strategic holding company — plans to add capacity and integrate Adura's PCB/PCBA manufacturing capabilities to support growing customer demand in the LED lighting market.
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November 30, 2022
- Buyer
- American Roller Company
- Target
- Big River Roller
- Seller
- Founding members of Big River Roller
- Industry
- Manufacturing
- Location
- Arkansas, United States
- Type
- Buyout
American Roller has acquired Big River Roller, a Paris, Arkansas-based industrial roller and core manufacturer, in a transaction that expands American Roller’s capabilities in rubber coverings and core design while extending its presence in the U.S. South. Terms were not disclosed; Big River’s founding members are joining as part of American Roller’s ownership group and the deal has already resulted in expanded service routes and integrated core manufacturing capabilities.
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November 30, 2022
- Buyer
- Ennis, Inc.
- Target
- School Photo Marketing
- Industry
- Manufacturing
- Location
- New Jersey, United States
- Type
- Buyout
Ennis, Inc. (NYSE: EBF), a Midlothian, Texas-based printed products manufacturer, has acquired School Photo Marketing, a Morganville, New Jersey company that provides printing, yearbook publishing and marketing services to over 1,400 school and sports photographers. Ennis said the acquisition expands its reach into the school/sports photography channel and will leverage Ennis’ manufacturing operations to service the new customers; School Photo Marketing will continue to operate from its current locations.
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November 30, 2022
- Buyer
- Zetwerk Manufacturing
- Target
- Unimacts
- Industry
- Manufacturing
- Location
- Nevada, United States
- Type
- Buyout
Zetwerk Manufacturing has acquired U.S.-based Unimacts, a contract manufacturing and supply-chain services provider focused on renewable energy and industrial products. The deal strengthens Zetwerk's presence in North America and provides immediate access to Unimacts' solar and wind customers, expanded logistics and near-customer warehousing capabilities.
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November 30, 2022
- Buyer
- Windings Inc.
- Target
- McCully Corporation
- Industry
- Manufacturing
- Location
- California, United States
- Type
- Buyout
Windings Inc., an employee-owned manufacturer of precision engineered motors, acquired McCully Corporation on November 30, 2022. The acquisition gives Windings a California location to accelerate deliveries and expand capacity on the U.S. West Coast while adding McCully's engineering and electro-magnetic manufacturing capabilities for aerospace and defense customers.
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November 30, 2022
- Buyer
- Tonka Bay Equity Partners, Northstar Capital
- Target
- Standard Locknut, LLC
- Seller
- Dunes Point Capital, LP, Industrial Group Holdings, LLC
- Industry
- Manufacturing
- Location
- Indiana, United States
- Type
- Buyout
Tonka Bay Equity Partners led the acquisition of Standard Locknut, LLC, a Indianapolis-based manufacturer of bearing accessories and components. Northstar Capital provided junior debt and an equity co-investment to finance the transaction; Standard Locknut was sold by Dunes Point Capital (a division of Industrial Group Holdings) as part of Tonka Bay's growth strategy to expand capabilities in engineered manufacturing.
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November 28, 2022
- Buyer
- Patrick Industries, Inc.
- Target
- Transhield, Inc.
- Seller
- Ancor Capital Partners, Midwest Mezzanine Funds
- Industry
- Manufacturing
- Location
- Indiana, United States
- Type
- Buyout
Patrick Industries, Inc. completed the acquisition of Elkhart, Indiana-based Transhield, Inc., a designer and manufacturer of protective covers and shrinkable packaging for marine, military, and industrial markets. Transhield was owned by Ancor Capital Partners and Midwest Mezzanine Funds; management will remain in place and Patrick expects manufacturing synergies and to leverage its footprint to grow Transhield's aftermarket channel.
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November 28, 2022
- Buyer
- Crown Capital Investments
- Target
- Pacific Yurts, Inc.
- Industry
- Manufacturing
- Location
- Oregon, United States
- Type
- Buyout
Atlanta-based private equity firm Crown Capital Investments has acquired Pacific Yurts, Inc., the original designer and manufacturer of the modern yurt. The acquisition adds the Cottage Grove, Oregon-based yurt maker to Crown Capital's portfolio and aims to support Pacific Yurts' growth, product innovation, and mission of providing quality, affordable, environmentally friendly shelters. Crown said the partnership will enable the company to enhance opportunities for employees and expand its market presence.
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- Buyer
- Mereo Capital Partners, Hyperion Capital Partners
- Target
- Algus Packaging LLC
- Industry
- Manufacturing
- Location
- Illinois, United States
- Type
- Buyout
Mereo Capital Partners and Hyperion Capital Partners have acquired Algus Packaging LLC, a DeKalb, Illinois-based manufacturer of thermoformed blister and clamshell packaging and blister seal machines. The transaction closed on November 2, 2022, with the buyers partnering with Algus management to invest in future growth and expand the company's packaging and manufacturing capabilities.
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November 20, 2022
- Buyer
- Valesco Industries, Centerfield Capital Partners
- Target
- North American Kitchen Solutions, Inc.
- Seller
- Previous ownership group
- Industry
- Manufacturing
- Location
- Ohio, United States
- Type
- Buyout
Valesco Industries completed a majority buyout of North American Kitchen Solutions (NAKS) on November 10, 2022, partnering with Centerfield Capital Partners and the existing management team. Valesco will support NAKS' growth through new product development, strategic location expansion, and customer acquisition while providing subordinated debt alongside co-investors.
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November 18, 2022
- Buyer
- Lear Corporation
- Target
- InTouch Automation
- Industry
- Manufacturing
- Location
- Michigan, United States
- Type
- Buyout
Lear Corporation has acquired InTouch Automation, a Novi, Michigan–based supplier of Industry 4.0 technologies and automated end-of-line testing equipment for automotive seats. The acquisition advances Lear's Industry 4.0 strategy by enhancing automated testing, real-time data collection, and standardization of testing procedures across its just-in-time seating production.
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November 17, 2022
- Buyer
- Hickory Furniture Collective
- Target
- Old Hickory Furniture Company
- Seller
- Morrison family
- Industry
- Manufacturing
- Location
- Indiana, United States
- Type
- Buyout
Hickory Furniture Collective has acquired Old Hickory Furniture Company of Shelbyville, Indiana, bringing the historic brand into its family of American-made hickory furniture businesses. The Morrison family sold the business but Old Hickory's president, Bob Morrison, will remain in his role as the company is integrated to expand the buyer's retail and contract market presence while preserving manufacturing in Indiana.
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November 17, 2022
- Buyer
- San Francisco Equity Partners
- Target
- DGS Retail
- Industry
- Manufacturing
- Location
- Massachusetts, United States
- Type
- Buyout
San Francisco Equity Partners (SFEP) has acquired a majority stake in DGS Retail, a provider of décor, signage, fixtures, displays and related design, manufacturing and installation services for grocery, retail and foodservice customers. SFEP said the investment will provide DGS with additional operational resources and capital to drive growth across its multi-facility operations in the United States; terms were not disclosed.
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November 17, 2022
- Buyer
- MiddleGround Capital
- Target
- SixAxis, LLC
- Industry
- Manufacturing
- Location
- South Carolina, United States
- Type
- Buyout
MiddleGround Capital, an operationally focused private equity firm based in Lexington, Kentucky, has acquired SixAxis, LLC, a manufacturer and distributor of engineered loading rack, fall protection and access solutions headquartered in Andrews, South Carolina. MiddleGround said it will partner with SixAxis management to scale operations, expand products and end markets; Piper Sandler served as exclusive financial advisor to SixAxis.
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- Buyer
- Santiago Investment Group, LLC
- Target
- Sprouse Windows and Doors
- Industry
- Manufacturing
- Location
- West Virginia, United States
- Type
- Buyout
Denver-based private equity firm Santiago Investment Group acquired a majority ownership position in Sprouse Windows and Doors, a 37-year-old family-owned manufacturer of energy-efficient vinyl windows and doors headquartered in New Martinsville, West Virginia. Santiago plans to invest in modernizing equipment, employee engagement and support continued growth while Sprouse will continue to operate under its existing name.
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November 15, 2022
- Buyer
- H.I.G. Capital
- Target
- Onis Visa S.p.A.
- Seller
- Barro family
- Industry
- Manufacturing
- Location
- Veneto, Italy
- Type
- Buyout
H.I.G. Capital has acquired a majority stake in Onis Visa S.p.A., an Italian manufacturer of generating sets and motor pumps, in a deal announced November 15, 2022. The Barro family (founders) remain shareholders and the investment will support Onis Visa's international expansion and targeted acquisitions to accelerate growth and development of environmentally friendly power solutions.
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November 15, 2022
- Buyer
- Salt Creek Capital
- Target
- Diamond Nets, Inc.
- Seller
- Les Powers, John Neal
- Industry
- Manufacturing
- Location
- Washington, United States
- Type
- Buyout
Salt Creek Capital, a San Francisco Bay Area private equity firm, has acquired Diamond Nets, Inc., a specialty netting manufacturer headquartered in Everson, Washington. The transaction represents an ownership transition from long-time owners Les Powers and John Neal to Salt Creek, which plans to grow the business under incoming CEO Chris Dunn.
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November 15, 2022
- Buyer
- Hidden Harbor Capital Partners
- Target
- Avtron Power Solutions
- Seller
- Schneider Electric
- Industry
- Manufacturing
- Location
- Ohio, United States
- Type
- Buyout
Hidden Harbor Capital Partners, a Boca Raton-based private equity firm, has acquired Avtron Power Solutions — the global market leader in load bank design and manufacturing — in a carve-out from Schneider Electric's ASCO Power Technologies division. The transaction closed September 30, 2022, and was financed in part by Czech Asset Management; terms were not disclosed.
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November 14, 2022
- Buyer
- LCI Industries, Lippert Components, Inc., Furrion LLC
- Target
- Way Interglobal Network LLC
- Seller
- Way Interglobal Network LLC, NextSparc Growth Partners
- Industry
- Manufacturing
- Location
- Indiana, United States
- Type
- Buyout
LCI Industries, through its wholly-owned subsidiary Lippert Components and its brand/subsidiary Furrion LLC, acquired substantially all of the business assets of Way Interglobal Network LLC, an Elkhart, Indiana-based supplier of appliances and electronics to the RV industry. The deal (which excludes Way's power generator assets and the Way brand) adds Way’s Everchill and Greystone brands, expands North American R&D and warehousing capacity, and strengthens Lippert/Furrion’s RV appliance and electronics portfolio.
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November 10, 2022
- Buyer
- The Middleby Corporation
- Target
- Escher Mixers
- Industry
- Manufacturing
- Location
- Veneto, Italy
- Type
- Buyout
The Middleby Corporation (NASDAQ: MIDD) acquired Escher Mixers, a Vicenza, Italy–based designer and manufacturer of spiral and planetary mixers for the industrial baking industry. The acquisition expands Middleby’s industrial baking platform and adds automated dough-handling and mixing capabilities to offer full-line integrated solutions for commercial and artisanal bakery customers.
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November 10, 2022
- Buyer
- The Lawton Standard Co.
- Target
- American Iron & Alloys, LLC (AIA) / Versa-Bar
- Seller
- Rick Janes (founder & President of American Iron & Alloys)
- Industry
- Manufacturing
- Location
- Wisconsin, United States
- Type
- Buyout
The Lawton Standard Co. has acquired American Iron & Alloys, LLC (AIA), a Waukesha, Wisconsin-based processor and distributor of continuous cast iron and bronze bar stock sold under the Versa-Bar brand. The purchase adds distribution and metal-processing capabilities to Lawton Standard’s foundry-focused platform and is intended to support growth of both AIA’s Versa-Bar business and Lawton’s foundry operations.
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November 9, 2022
- Buyer
- DFC Manufacturing Group, LLC
- Target
- Converting Technology, Inc. (CTI) / Converting Technology Engraving, Inc. (CTE)
- Industry
- Manufacturing
- Location
- Illinois, United States
- Type
- Buyout
DFC Manufacturing Group, LLC acquired Converting Technology, Inc. / Converting Technology Engraving, Inc. (CTI/CTE), a tooling and embossing-die manufacturer based in Elk Grove Village, Illinois. The acquisition expands DFC's footprint in die-making and post-print finishing, adding CTI/CTE's embossing dies and converting services to DFC's existing network of die companies.
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November 9, 2022
- Buyer
- Probe Test Solutions Limited (PTSL)
- Target
- ThinkMEMS
- Industry
- Manufacturing
- Location
- Texas, United States
- Type
- Buyout
Probe Test Solutions Limited (PTSL), a Glasgow-based probe card and ATE hardware maker, has acquired Dallas-based ThinkMEMS, a provider of high-performance MEMS contactors and antennas for RF/mmWave test applications. The deal adds high-frequency RF and fine-pitch capabilities to PTSL's portfolio, supporting automotive radar and other high-performance test applications; terms were not disclosed.
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November 8, 2022
- Buyer
- The Sherwin-Williams Company
- Target
- Specialized Industrial Coatings Holding (SIC Holding), Oskar Nolte GmbH, Klumpp Coatings GmbH
- Seller
- Peter Möhrle Holding, GP Capital UG
- Industry
- Manufacturing
- Location
- Germany
- Type
- Buyout
The Sherwin-Williams Company has agreed to acquire Specialized Industrial Coatings Holding (SIC Holding), a venture comprising German wood-coatings makers Oskar Nolte GmbH and Klumpp Coatings GmbH. The combined business (approximately 220 employees; >€91.5 million sales) will join Sherwin-Williams' Performance Coatings Group, with the transaction expected to close by early 2023 pending regulatory approvals.
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November 8, 2022
- Buyer
- Atkore Inc.
- Target
- Elite Polymer Solutions
- Industry
- Manufacturing
- Location
- Texas, United States
- Type
- Buyout
Atkore Inc. acquired the assets of Elite Polymer Solutions, a Lovelady, Texas-based manufacturer of HDPE conduit, for $91.6 million. The deal expands Atkore's HDPE conduit product portfolio and national footprint to better serve the telecommunications, utility, and transportation markets.
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November 7, 2022
- Buyer
- Facility Solutions Group, Inc. (FSG)
- Target
- Capital Architectural Signs
- Industry
- Manufacturing
- Location
- Texas, United States
- Type
- Buyout
Facility Solutions Group (FSG) has acquired Capital Architectural Signs (CAS), an Austin-based sign fabricator and installer with over 25 years of experience. FSG will integrate CAS's staff, equipment, and services into its existing Signs division to bring interior wayfinding and ADA sign manufacturing capabilities in-house and offer full interior and exterior sign packages to clients.
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November 3, 2022
- Buyer
- Utex Industries, Inc.
- Target
- Sheraton Services Ltd.
- Industry
- Manufacturing
- Location
- Northumberland, United Kingdom
- Type
- Buyout
Utex Industries, Inc. has acquired Sheraton Services Ltd., based in Ashington, United Kingdom, and will rebrand it as UTEX Europe to support the company's expansion of engineered sealing solutions across the EMEA region. Sheraton had been Utex's official distributor in EMEA since January 2021 and its staff bring extensive design and manufacturing experience to augment Utex's regional manufacturing and distribution capabilities.
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November 3, 2022
- Buyer
- Masonite International Corporation, Masonite International Corporation (wholly owned subsidiary)
- Target
- Endura Products
- Industry
- Manufacturing
- Location
- United States
- Type
- Buyout
Masonite International Corporation announced that a wholly owned subsidiary entered into a definitive agreement to acquire Endura Products for approximately $375 million in cash. The deal is subject to customary closing conditions, including regulatory approval, and is expected to close near the end of 2022.
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