JBC Technologies Acquires HST Materials, Inc.

River Associates Investments Acquires JBC Technologies

January 31, 2020

Manufacturing

River Associates Investments, a Chattanooga-based private equity firm, has acquired JBC Technologies, a precision die-cutting and flexible materials converter headquartered in North Ridgeville, Ohio. JBC supplies die-cut and assembled components to OEMs across automotive, HVAC, appliance, electronics and industrial end markets and operates additional facilities in Madison, Wisconsin.

JBC Technologies (River Associates Portfolio Company) Acquires Die Cut Technologies

December 7, 2021

Manufacturing

JBC Technologies, a portfolio company of River Associates Investments, acquired Die Cut Technologies (DCT), a Northglenn, Colorado-based full-service die-cutting and flexible materials converter. The add-on acquisition — JBC's first — closed on December 7, 2021 and expands JBC's converting capabilities (laser cutting, cleanroom production, large-format die cutting), manufacturing footprint, and presence in medical, electronics, automotive, and aerospace end markets.

Hy-Tek Material Handling Acquires Johnson Stephens Consulting

March 3, 2020

Professional Services

Hy-Tek Material Handling, Inc. has acquired Atlanta-based Johnson Stephens Consulting, Inc., a supply chain operations consultancy. The acquisition brings JSC's ~20 engineering consultants into Hy-Tek's consulting division to expand Hy-Tek's supply chain and material handling advisory and design capabilities for retailers, wholesalers, e-commerce companies and 3PLs.

Materion Acquires H.C. Starck's Electronic Materials Business

November 1, 2021

Manufacturing

Materion Corporation completed the acquisition of H.C. Starck Solutions’ electronic materials business (HCS-Electronic Materials) in Newton, Massachusetts for an aggregate purchase price of $380 million in cash on a cash-free, debt-free basis. The deal adds approximately $145 million of revenue and expands Materion’s capabilities and market position in premium thin film materials for the semiconductor, industrial, and aerospace & defense markets.

MultiPlan Corporation Acquires HST

November 9, 2020

Healthcare Services

MultiPlan Corporation (NYSE: MPLN) acquired HST, a healthcare technology company that enables value-based health benefit plan designs, for $140 million. The transaction closed on November 9, 2020 and expands MultiPlan's analytics and front-end engagement capabilities for payors and employer-sponsored plans.

H.I.G. Capital Acquires STS Aviation Group from Greenbriar Equity Group

October 8, 2024

Aerospace & Defense

An affiliate of H.I.G. Capital has completed a strategic equity acquisition of STS Aviation Group from Greenbriar Equity Group. STS’s executive team will remain in place and as significant shareholders while H.I.G. positions the business for global expansion, capability growth, and potential add-on acquisitions in the aviation MRO and parts-distribution market.