Beacon Manufacturing Group Acquires Built-Rite Tool & Die
January 19, 2021
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.
- Buyers
- Beacon Manufacturing Group, Akoya Capital, LLC, Trinity Private Equity Group, NewSpring Capital
- Targets
- Built-Rite Tool & Die
- Sellers
- Craig Bovaird
- Platforms
- Beacon Manufacturing Group
- Industry
- Manufacturing
- Location
- Massachusetts, United States
- Transaction Type
- Addon
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