Star IV Fund (Star Capital) Acquires ABL-TECHNIC Group

STAR Capital Leads Consortium to Acquire V.Group

June 17, 2024

Transportation

STAR Capital's STAR IV Fund has signed an agreement to acquire V.Group, a London-headquartered global provider of mission-critical maritime services, in a consortium that includes Ackermans & van Haaren and other investors. The deal (subject to regulatory approvals) will provide V.Group with capital and balance-sheet support to drive growth; financial terms were not disclosed.

Star Equity Holdings Acquires Timber Technologies

May 17, 2024

Building Products

Star Equity Holdings, Inc. completed the acquisition of Timber Technologies, LLC (Timber Tech), a Colfax, Wisconsin-based glue-laminated timber (glulam) manufacturer, effective May 17, 2024. The cash-free, debt-free purchase price was $23 million (including upfront cash, deferred cash and an earn-out), with associated real estate to be acquired separately for $3 million; Timber Tech reported 2023 revenue of $18.8 million and Adjusted EBITDA of $5.5 million.

ABC Technologies Acquires Majority Interest in Karl Etzel GmbH

March 4, 2022

Manufacturing

ABC Technologies Holdings Inc. completed the acquisition of a majority interest in Karl Etzel GmbH from the Schürrle family for approximately US$95 million. Karl Etzel, an injection-molding tier-1/2 supplier based in Mühlacker, Germany, will expand ABC's European product suite and provide greater diversification into German-based global OEM customers.

Andra Tech Group (backed by Castik Capital) Acquires Innotec Zerspanungstechnik GmbH

November 11, 2024

Manufacturing

Andra Tech Group has acquired 100% of Innotec Zerspanungstechnik GmbH, a precision-machining manufacturer based in Sinsheim, Germany; financial terms were not disclosed and managing directors Jörg and Björn Leichenich will remain in place. Innotec’s ~75 employees serve medical, optics, high-tech systems and semiconductor customers; the acquisition expands Andra Tech Group’s German footprint and capabilities and is supported by funds managed by Castik Capital, which acquired a majority stake in Andra Tech Group in September 2024.

Genstar Capital Acquires Abracon from The Riverside Company

July 6, 2022

Manufacturing

Genstar Capital has acquired Abracon LLC, a Texas-based manufacturer and global distributor of passive electronic components, from The Riverside Company. Genstar said it will support Abracon's organic growth and pursue focused M&A to expand product offerings and global reach while Abracon's CEO Michael Calabria assumes Executive Chairman and Tony Roybal becomes President and CEO.

North Branch Capital Acquires STARC Systems

September 12, 2023

Manufacturing

North Branch Capital, a Chicago-area private equity firm, has acquired a majority ownership stake in STARC Systems, a Brunswick, Maine-based manufacturer of reusable temporary modular wall containment solutions. The investment will fund product innovation and expansion into new end markets including data centers, airports and life science labs.