Apollo Optical Systems Acquires Turning Point Tool

Pike Street Capital Invests in Apollo Optical Systems

May 4, 2023

Manufacturing

Seattle-based private equity firm Pike Street Capital announced an investment in Apollo Optical Systems, a West Henrietta, New York manufacturer of precision optical components and systems. Pike Street said the investment will serve as the foundation for a platform in the optics technology sector and intends to build on AOS by investing in complementary businesses while Apollo's founder and CEO continues to lead the company.

Thorlabs Acquires JML Optical Industries

January 16, 2023

Manufacturing

Thorlabs has agreed to acquire JML Optical Industries, a Rochester, New York-based designer and manufacturer of precision optics, with the deal expected to close in January 2023. JML will operate as Thorlabs Lens Systems (TLS) in Rochester, expanding Thorlabs' optics manufacturing footprint and QuickTurn optics capabilities; prior owner Five Points Capital is the selling party noted in reports.

July Business Services Acquires Turning Point Associates

March 29, 2023

Financial Services

July Business Services (JULY), a Waco, Texas–based provider of 401(k) plan services, has acquired Turning Point Associates, a family-owned retirement plan recordkeeper and administrator based in Swedesboro, New Jersey. The deal expands JULY's scale to nearly 7,000 plans and $8.5 billion in plan assets, brings Turning Point personnel into JULY, and aims to deliver JULY's technology and expanded services to Turning Point clients.

Sole Source Capital Acquires Peak Technologies (Peak-Ryzex) and Optical Phusion (OPI)

April 9, 2021

Industrial Services

Sole Source Capital LLC acquired Peak Technologies (formerly Peak-Ryzex) from Keystone Capital and Optical Phusion Inc. from its founders, then merged the two AIDC and factory automation providers under Peak's leadership. The combined business aims to create a larger AIDC/automation platform, capture technological and operational synergies, and expand cross-selling opportunities across retail, grocery, healthcare and industrial end markets.

Spero Health Acquires My Turning Point

October 3, 2022

Healthcare Services

Spero Health, a PE-backed national outpatient addiction treatment provider, has acquired My Turning Point, a Kentucky-based outpatient addiction treatment program with four clinic locations (Stanford, Russell Springs, Nicholasville and Cynthiana). The deal expands Spero's network across Kentucky and increases local capacity for medication‑assisted and integrated behavioral health services.

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.