Empowered Ventures Acquires Firstar Precision

Empowered Ventures Acquires Paramount Plastics

December 13, 2021

Manufacturing

Empowered Ventures, an employee-owned holding company based in Carmel, Indiana, has acquired Paramount Plastics, a custom thermoforming plastics manufacturer headquartered in Elkhart, Indiana. The transaction transfers ownership to Empowered Ventures' ESOP as part of a founder succession plan, with Paramount's employees joining the employee-ownership program.

Five Star Technology Solutions Merges with Empower Learning

November 4, 2024

Education

Five Star Technology Solutions has completed a merger with Empower Learning to combine their K-12 education technology, AV, managed services, and professional development offerings. The combined company will expand its geographic reach across the Midwest and deliver integrated EdTech solutions to schools and districts, strengthening capabilities in AV, managed services, data analytics, and cybersecurity.

Genstar Capital Acquires Majority Stake in First Eagle Investments

August 18, 2025

Financial Services

Genstar Capital has closed a majority investment in First Eagle Investments, a New York–based independent investment management firm with approximately $161 billion in assets under management. The deal marks the exit of prior majority owners Blackstone and Corsair and is intended to accelerate First Eagle’s expansion of investment capabilities and client reach while preserving the firm’s independence and management ownership stake.

Frazier Healthcare Partners Acquires EPTAM Precision Solutions

January 22, 2020

Manufacturing

Frazier Healthcare Partners acquired EPTAM Precision Solutions from New Heritage Capital in a transaction that closed in December 2019; terms were not disclosed. Frazier named Operating Partner Mark Kemp as CEO and plans to accelerate EPTAM's growth and expand its precision manufacturing capabilities for medical device and other high-precision end markets.

Maysteel Industries Acquires Star Precision Manufacturing, Inc.

January 16, 2024

Manufacturing

Maysteel Industries, a portfolio company of Littlejohn Capital, acquired Star Precision Manufacturing, a full-service sheet metal fabrication and precision machining firm in Frederick, Colorado. Patriot Capital provided subordinated debt financing in support of the add-on acquisition, which expands Maysteel's manufacturing capabilities and geographic footprint in the Mountain West.

STAR Turbine Acquires Thor Precision

March 20, 2024

Manufacturing

STAR Turbine, a Mangrove Equity Partners-backed specialty turbine parts manufacturer, has acquired Thor Precision, a Greenville, South Carolina-based precision manufacturer of aftermarket gas turbine parts. Thor founders remain equity owners (Andy Pelinsky promoted to President), and the deal is part of Mangrove's strategy to build a family of aftermarket turbine parts manufacturers.