Pro Products Holdings Acquires Owens Industries

AFM Capital Partners Acquires Pro Products, Inc.

January 23, 2024

Manufacturing

AFM Capital Partners has acquired Pro Products, Inc., a Sturgeon Bay, Wisconsin-based precision CNC machining manufacturer with advanced automation capabilities serving aerospace, green energy, off-highway, agricultural and industrial markets. AFM said it will provide capital and operating expertise to accelerate Pro Products’ growth, expand product offerings and further develop the company’s competitive positioning.

Precision Aerospace Holdings Acquires Owens Machine and Tool Company

May 7, 2024

Manufacturing

Dallas-based Precision Aerospace Holdings LLC, a PE-backed aerospace manufacturing platform formed by CIC Partners and Juniper Capital Management, has acquired Owens Machine and Tool Company, a Lewisville, Texas CNC machine shop specializing in titanium and nickel alloy components for the aerospace and defense markets. The deal strengthens Precision's North Texas platform and expands its precision machining and tooling capabilities; terms were not disclosed.

Automated Industrial Robotics Acquires Owens Design

August 20, 2025

Industrial Services

Automated Industrial Robotics (AIR) has acquired Owens Design, a Fremont, California-based industrial automation firm, in a transaction funded by an Ares Management private equity fund alongside an equity roll by Owens Design leadership. The acquisition—bringing Owens Design's ~100 employees and 60,000 sq. ft. facility into the AIR platform—strengthens AIR's engineering capabilities and presence in the semiconductor, medical products and renewable energy end markets.

Boulden Holdings, LLC Acquires Ace Precision Industries, Inc.

November 11, 2025

Manufacturing

Boulden Holdings, LLC, a portfolio company of Edgewater Growth Capital Partners V, L.P., has acquired Ace Precision Industries, Inc., a family-owned precision machining business based in Akron, Ohio. The acquisition adds precision machining and hydrodynamic bearing capabilities to Boulden's wear-components platform, increasing capacity and creating cross-selling opportunities across aerospace, medical and transit end markets.

ProMach Acquires HMC Products

October 2, 2024

Manufacturing

ProMach has acquired HMC Products, a manufacturer and service provider of horizontal form fill seal (HFFS) machines based in Machesney Park, Illinois. The acquisition (HMC’s ~45 employees and 60,000 sq. ft. facility) expands ProMach’s flexible packaging capabilities and aftermarket service capacity within its Systems & Process business unit.

Heartland Steel Holdings Acquires SteelPro

November 17, 2022

Manufacturing

Heartland Steel Holdings, a portfolio company of LFM Capital, has acquired SteelPro, a structural steel design and fabrication company based in Houston, Mississippi. The add-on expands Heartland's engineered products and fabrication capacity to better serve material handling integrators, general contractors and e-commerce/warehouse customers; terms were not disclosed.