West Allen Capital and Clarity Capital Acquire Stealth Manufacturing

CNL Strategic Capital Acquires Majority Stake in Clarion Safety Systems

December 9, 2021

Manufacturing

CNL Strategic Capital, LLC acquired a majority equity stake and provided concurrent debt financing to Clarion Safety Systems, LLC, partnering with the company's existing management. Clarion, founded in 1990 and headquartered in Milford, Pennsylvania, designs and manufactures standards-based visual safety labels, signs and related safety products for OEMs, facility owners and employers worldwide.

Mechanical Power Acquires Clark Engineering

August 23, 2022

Manufacturing

Mechanical Power of Wauconda, Illinois acquired Clark Engineering of Owosso, Michigan. The strategic purchase gives Mechanical Power in-house manufacturing capabilities for rod, wire, and tube formed products—enabling vertical integration and more efficient production and distribution for its industrial parts customers. The sellers were owners Chad Heckler and Paul West; terms were not disclosed.

Stellex Capital Management Acquires Paragon Metals, LLC

February 14, 2019

Manufacturing

Affiliates of Stellex Capital Management have acquired Paragon Metals, a precision-machining manufacturer serving automotive and industrial applications. Stellex plans to invest capital to grow Paragon organically and via acquisitions; founder Mike Smith exited and Bruce Swift was named CEO following the deal.

Stellex Capital Management Acquires Crest Ultrasonics

October 3, 2025

Manufacturing

Stellex Capital Management, a New York-based private equity firm, has acquired Crest Ultrasonics, a global manufacturer of ultrasonic cleaning and welding equipment with operations in the United States, Europe and Asia. Stellex said it will partner with Crest's management to drive operational improvements, accelerate growth initiatives and expand the company's global footprint; terms were not disclosed.

Essex Industries Acquires Stevens Manufacturing

February 16, 2021

Aerospace & Defense

Essex Industries has acquired Stevens Manufacturing, a Milford, Connecticut-based precision machining firm that supplies OEM parts and sub-assemblies to the aerospace and defense rotorcraft market. The deal (effective February 16, 2021) expands Essex's aerospace and defense product portfolio and improves service coverage for customers in the Northeast; Stevens operates a single 62,000 sq. ft. facility with 54 employees and had been a J.H. Whitney Capital Partners portfolio company since 2014.

Align Capital Partners Acquires StenTech

June 1, 2022

Manufacturing

Align Capital Partners completed an acquisition of StenTech, a North American manufacturer of SMT stencils, pallets, tooling and related components. ACP's investment is the company's first institutional capital and will support commercial and operational expansion while founder Sibthain "Sip" Akbar transitions to the board and Brent Nolan becomes President.