MSouth Equity Partners Acquires Vectorply Corporation

Neenah, Inc. Acquires Vectorply Corporation

March 3, 2020

Manufacturing

Neenah, Inc. agreed to acquire Vectorply Corporation from MSouth Equity Partners for $155 million in cash. Vectorply, a Phenix City, Alabama-based manufacturer of high-performance composite reinforcement fabrics with annual sales over $70 million, will broaden Neenah's technical products platform and is expected to close April 1, 2020.

Exchange Income Corporation Acquires Spartan Mat, LLC and Spartan Composites, LLC

November 13, 2024

Manufacturing

Exchange Income Corporation (EIC) completed the acquisition of Spartan Mat, LLC and its subsidiary Spartan Composites, LLC for US$120 million (including US$18 million in EIC common shares). The purchase expands EIC's Environmental Access Solutions business into the U.S. matting market and adds Spartan's SYSTEM7 composite mats and FODS Trackout products to its manufacturing portfolio.

Norwest Equity Partners Acquires QTI Fibers from Highlander Partners

July 1, 2022

Manufacturing

Norwest Equity Partners (NEP) completed a transaction to acquire QTI Fibers, a vertically integrated designer and manufacturer of technical fibers, fabrics and coated materials, on July 1, 2022. NEP intends to support product, customer and end-market expansion at QTI, which operates major manufacturing facilities in Dothan, Alabama and Colfax, North Carolina; management will be led by Allen Smith (CEO) with Roger Arciniega as Non‑Executive Chairman.

Milliken & Company Acquires Polartec from Versa Capital Management

June 11, 2019

Manufacturing

Milliken & Company signed a definitive agreement to acquire Polartec, LLC from Versa Capital Management; the transaction is expected to close in June and financial terms were not disclosed. The acquisition brings Polartec's performance textile portfolio — including outdoor, fleece, workwear and military-grade fabrics — into Milliken's manufacturing platform to expand its product capabilities and regional manufacturing reach.

MedCap AB Acquires Multi-Ply Components Ltd

October 29, 2020

Medical Devices

MedCap AB has acquired 100% of the shares in UK-based Multi-Ply Components Ltd, a developer and manufacturer of carbon-fibre components for medical x-ray and mammography equipment. The deal closed 29 October 2020 with an initial cash payment of £5.5m plus an earn‑out of up to £3.3m; the company will relocate to a new consolidated production facility and the founders will remain operationally engaged.

Amerit Fleet Solutions Acquires Vector Fleet Management

February 28, 2025

Transportation

Amerit Fleet Solutions, a New Mountain Capital–backed fleet maintenance and management provider, has acquired Vector Fleet Management, a Charlotte-based specialist in fleet maintenance and parts management serving government and heavy industrial fleets. The deal expands Amerit's service offerings and strengthens its capabilities for government, emergency response, and heavy industrial fleet programs while keeping Vector's brand and leadership in place.