Torginol Acquires Chips Unlimited

GreyLion Partners Makes Strategic Investment in Torginol

June 29, 2025

Manufacturing

GreyLion Partners LP has made a strategic equity investment in Torginol, a Sheboygan, Wisconsin–based manufacturer of decorative flakes, quartz and other materials for resinous flooring systems. As part of the investment Torginol founder and chairman Tom Testwuide Jr. will retire; GreyLion will partner with CEO Jason LaBouve and management to scale sales and marketing, accelerate product development, add value‑added services and enhance manufacturing technology.

Borgman Capital Acquires Technical Products, Inc.

February 19, 2024

Industrial Services

Borgman Capital, a Milwaukee-based private equity firm, has acquired Technical Products, Inc. (TPI), a Cleveland-headquartered regional chemical distributor. Tom Perovsek will remain president; Borgman said the partnership will help TPI expand products, service levels and geography. Terms were not disclosed.

IT Solutions Acquires CHIPS Technology Group

October 17, 2022

IT Services

IT Solutions, a Philadelphia-area managed services provider, has acquired CHIPS Technology Group, a Long Island-based provider of IT support, cybersecurity, and compliance services. The deal expands IT Solutions' Managed IT and Security Services into the Long Island and New York metro region and brings CHIPS' security- and compliance-focused expertise to IT Solutions' larger client base.

Tillo Acquires Jigsaw Business Solutions

March 6, 2024

Marketing & Advertising

Tillo, the embedded rewards and incentives platform, has acquired Jigsaw Business Solutions in a deal valued at £3.6 million (including initial consideration and an earn-out). The acquisition integrates Jigsaw’s outsourced gift-card program management expertise into Tillo’s platform to expand capabilities, product offerings and global reach for retailers and corporate customers.

Aceto Acquires Biotron Laboratories and Talus Mineral Company

March 2, 2022

Manufacturing

Aceto has acquired Biotron Laboratories and Talus Mineral Company (collectively "Biotron"), two Utah-based manufacturers of specialty minerals and mineral chelates for the nutritional supplements industry. The acquisition expands Aceto's nutraceuticals capabilities and life-science manufacturing footprint; Biotron operates two manufacturing facilities in Centerville and Ogden, Utah, and is known for proprietary amino-acid based chelation technology. Financial terms were not disclosed.

Bielenda Group Acquires Torf Corporation (Tołpa & ON)

January 1, 2023

Consumer Products

Bielenda Natural Cosmetics will acquire 100% of Torf Corporation, the owner of the Tołpa and ON brands, in a transaction supported by Bielenda’s main investor Innova Capital. The majority stake in Torf is being sold by private equity firm Resource Partners; the deal will expand Bielenda’s product portfolio—including entry into oral hygiene—and awaits approval from the Polish Office of Competition and Consumer Protection.