Mill Point Capital Acquires FEMSA's Imbera and Torrey Businesses to Form AeriTek Global LLC

AeriTek (Mill Point Capital) Acquires Due North (Minus Forty QBD Corp)

September 29, 2025

Manufacturing

AeriTek Global Holdings (a portfolio company of Mill Point Capital) has acquired Minus Forty QBD Corp, doing business as Due North, combining AeriTek’s Imbera and Torrey businesses with Due North’s QBD and Minus Forty brands to create a scaled North American manufacturer and distributor of refrigerated display cases. Ronin Equity Partners, which formed Due North in 2021, is exiting the investment as part of the transaction and intends to run a GP-led continuation vehicle to bring in new minority investors in the expanded group.

Aurora Capital Partners Acquires Spray-Tek, LLC

December 20, 2021

Food & Beverage

Aurora Capital Partners has acquired Spray-Tek, LLC, a North American leader in specialized spray drying and ingredient processing solutions serving food & beverage, personal and home care, and pharmaceutical/nutraceutical markets. Aurora will partner with Spray-Tek's management to resource growth initiatives, expand drying capacity and capabilities, and accelerate both organic and inorganic growth.

Ara Partners Acquires Majority Stake in Microtec Development & Holdings

September 16, 2025

Industrial Services

Ara Partners, a private investment firm focused on industrial decarbonization, has acquired a majority stake in Microtec Development & Holdings LLC to accelerate commercialization of Microtec's Turbo Mill technology and AggrePlex's PozzoDyne ground glass pozzolan. The investment will fund rollout of AggrePlex facilities across the United States and internationally to scale low‑carbon, waste‑to‑value construction materials and reduce concrete-related emissions.

H.I.G. Capital Acquires Avient's Distribution Business, Creating Formerra

November 1, 2022

Industrial Services

H.I.G. Capital (through an affiliate) completed the acquisition of Avient Corporation's Distribution business for $950 million in cash and launched the business as an independent company named Formerra. The carve-out creates a platform distributor of engineered thermoplastic resins, additives and specialty polymers serving healthcare, consumer, industrial and mobility markets; Avient expects approximately $750 million in after-tax proceeds.

Peak Rock Capital Affiliate Completes Acquisition of Amtech Software

August 9, 2021

Software

An affiliate of Peak Rock Capital has completed the acquisition of Amtech LLC and New Futura Services LLC (together, Amtech Software), a provider of manufacturing ERP software and technology services for the packaging and other manufacturing industries. Amtech, headquartered in Fort Washington, Pennsylvania, will continue to be led by founder and CEO Cosmo DeNicola, who remains a shareholder; Peak Rock views Amtech as a platform for product development and strategic add-on acquisitions to drive growth.

Kearney Acquires IMTEK Inc.

February 27, 2025

Consulting

Global management consulting firm Kearney has acquired IMTEK Inc., a Canada-based supply chain planning consulting and systems-integration specialist that leverages platforms like Kinaxis. The acquisition expands Kearney’s end-to-end planning and digital capabilities, immediately adding expertise and a presence in the Americas and India to support clients’ supply chain transformations.