Industrial Growth Partners Acquires Marki Microwave

Industrial Growth Partners Acquires AEM

September 13, 2021

Manufacturing

Industrial Growth Partners (IGP), in partnership with management and certain outside investors, acquired AEM (Holdings) Inc., AEM Group Limited and subsidiaries, creating a new platform investment to accelerate the company's growth. Founders Daniel and Cai Li Chang sold the company but retain a significant minority equity stake; Daniel Chang was named Chairman and Rick Busch was appointed CEO.

Artemis Capital Partners Acquires Maury Microwave

June 24, 2021

Manufacturing

Boston-based private equity firm Artemis Capital Partners has acquired Maury Microwave, an Ontario, California-based designer and manufacturer of RF calibration, measurement, and modeling solutions. Artemis intends to operate Maury as an independent platform to accelerate product development, expand capabilities, and drive growth across telecommunications, semiconductor, aerospace, and defense end markets.

Industrial Growth Partners Acquires Double E Company

June 21, 2022

Manufacturing

Industrial Growth Partners (IGP) acquired Double E Company, a West Bridgewater, Massachusetts-based manufacturer of web converting components and material handling equipment, from River Associates Investments. IGP partnered with Double E management and certain outside investors to create a platform to accelerate growth through strategic initiatives and add-on acquisitions; financial terms were not disclosed.

Industrial Growth Partners Acquires Alpha Metalcraft Group (AMG)

July 29, 2024

Manufacturing

Industrial Growth Partners VI, L.P., in partnership with AMG management and certain outside investors, has acquired Alpha Metalcraft Group (AMG), a Danbury, Connecticut-based manufacturer of precision formed metal components. The investment creates a platform to accelerate AMG's growth, pursue strategic add-on acquisitions, and expand capabilities across aerospace & defense, medical, and industrial end markets.

J.F. Lehman & Company Acquires Mission Microwave Technologies

March 14, 2024

Aerospace & Defense

An investment affiliate of J.F. Lehman & Company has acquired Mission Microwave Technologies, a Cypress, California-based maker of solid-state power amplifiers (SSPAs) and block upconverters (BUCs) for satellite communications. Debt financing for the transaction was led by Barings and co-led by PennantPark and SMBC; prior majority shareholders (affiliates of GaAs Labs LLC), founders and management will remain material shareholders.

IBMG (backed by Cairngorm Capital) Acquires Merkko Builders Merchants

May 4, 2022

Building Products

Independent Builders Merchant Group (IBMG), a Cairngorm Capital portfolio company, has acquired Merkko Builders Merchants Ltd, a two-branch builders' merchant headquartered in Abingdon. The deal expands IBMG's branch network into Oxfordshire and Berkshire, secures succession for Merkko's owners, and will see Merkko join IBMG's builders' merchants division under the leadership of its existing MD, Ian Duckitt.