Akoya Capital and Trinity Investors Establish Beacon Manufacturing Group to Acquire Donnelly Custom Manufacturing

Akoya Capital Partners and Landon Capital Partners Acquire Trinity Technology Group

March 27, 2019

Manufacturing

Akoya Capital Partners and Landon Capital Partners, in partnership with current management, have acquired TTG, Inc. (Trinity Technology Group), a Higginsville, Missouri-based manufacturer of expanded polytetrafluoroethylene (ePTFE) membranes. The investors plan to support growth of TTG’s product lines and expand the company’s customer relationships and geographic footprint into new end markets such as apparel and electronics; Wintrust Bank provided senior debt for the transaction.

Akoya Capital Partners Acquires Star Plastics

February 2, 2022

Manufacturing

Akoya Capital Partners acquired Star Plastics, a Ravenswood, West Virginia-based custom plastics compounder, as the anchor investment for a new compounds buy-and-build platform. The transaction was supported with mezzanine subordinated debt and common equity from NewSpring Mezzanine and involved Trinity Investors as a partnering investor; Star Plastics (≈140 employees) will pursue organic growth and M&A to expand its capabilities and geographic reach.

Beacon Manufacturing Group Acquires Acromatic Plastics

October 4, 2021

Manufacturing

Beacon Manufacturing Group acquired Acromatic Plastics, adding a 110,000-square-foot precision plastics molding facility in Leominster, Massachusetts to support its Beacon MedTech and Beacon Engineered Solutions businesses. The acquisition expands Beacon's cleanroom, tooling and liquid silicone rubber (LSR) molding capabilities to accelerate medical, life sciences and industrial contract-manufacturing capacity and new program launches.

Beacon Manufacturing Group Acquires Built-Rite Tool & Die

January 19, 2021

Manufacturing

Beacon Manufacturing Group, backed by Akoya Capital and Trinity Private Equity Group, acquired Built-Rite Tool & Die from founder and CEO Craig Bovaird. NewSpring Capital provided subordinated debt and equity support and Fifth Third Bank provided senior debt financing; the acquisition expands Beacon's precision molded-products and medical-market platform.

DuPont Acquires Donatelle Plastics for $313M

August 15, 2024

Medical Devices

DuPont has completed the $313 million acquisition of Donatelle Plastics Incorporated, a medical device contract manufacturer based in New Brighton, Minnesota. The deal expands DuPont's healthcare and medical device manufacturing capabilities by adding injection molding, liquid silicone rubber processing, precision machining and device assembly expertise to its Electronics & Industrial segment.

Akoya Capital Invests in Devansoy, Inc.

December 23, 2022

Food & Beverage

Akoya Capital led an investment in Devansoy, Inc., a Rock City, Illinois-based manufacturer of soy, oat, and pea protein ingredients, to establish its Specialty Ingredients platform. The transaction was financed with partners Trinity Investors, Slawek Family Holdings, Lightspring Capital, and Wintrust Bank; Devansoy CEO Deb Wycoff made a significant reinvestment and Dinan Capital served as Devansoy's exclusive financial advisor.