Arrayed Additive Becomes Majority Owner of Velo3D via Debt-for-Equity Exchange

Agile Space Industries Acquires Tronix3D

June 10, 2021

Manufacturing

Agile Space Industries acquired metal additive manufacturer Tronix3D and will integrate and rebrand the business as Agile Additive to internalize metal 3D printing capabilities. The deal expands Agile's in-house manufacturing and IP for exotic metal alloys to accelerate development and production of high-performance aerospace components.

Machine Solutions Inc. Acquires Vela Technologies Inc.

January 18, 2023

Medical Devices

Machine Solutions Inc., a provider of medical device manufacturing equipment and part of the BW Forsyth Partners family, has acquired Vela Technologies Inc., a San Diego-based designer and manufacturer of proprietary 3D UV curing equipment. The acquisition expands Machine Solutions' medical device manufacturing automation capabilities and adds Vela's UV curing technology to its portfolio, with the Vela team remaining in place and receiving additional global sales and service support.

AFM Capital Acquires Majority Ownership in Incodema3D Holdings

March 5, 2026

Industrial Services

AFM Capital Partners has acquired a majority ownership stake in Incodema3D Holdings, a metal additive and hybrid manufacturing contract manufacturer serving mission-critical defense, aerospace, space, energy, and industrial markets. CEO Sean Whittaker and senior leadership retained significant equity and will continue to lead the business alongside AFM Capital.

Vance Street Capital Forms Spectra A&D by Combining Calculex, Argon and FDS Avionics

February 18, 2021

Aerospace & Defense

Vance Street Capital has combined Calculex, Argon Corporation and FDS Avionics Corp into a new holding company, Spectra A&D Holdings, creating a diversified avionics and defense electronics platform. Industry veteran Bob McGill will lead Spectra as CEO; the transaction was financed with debt from Fidus Investment Corporation and represents Vance Street’s third platform investment from Fund III.

Madison Bidco Ltd (consortium led by Lightrock, Carbon Direct Capital, GenZero and Kibo) to Acquire Velocys

December 6, 2023

Renewable Energy

Madison Bidco Ltd., a newly formed acquisition vehicle indirectly owned by a consortium including Lightrock, Carbon Direct Capital, GenZero and Kibo Investments, has reached agreement to acquire U.K.-based sustainable aviation fuel developer Velocys in a recommended cash offer. The transaction includes a payment of 0.25 pence per Velocys share and up to $40 million of growth capital from Bidco to support Velocys’ medium-term plans; a £3.5 million secured bridging loan has also been provided by the Carbon Direct Fund to fund operations until closing.

CORE Industrial Partners Acquires RE3DTECH to Form 3D Printing Platform

January 11, 2022

Manufacturing

CORE Industrial Partners, a Chicago-based private equity firm, has acquired RE3DTECH, a supplier of high-volume additive manufacturing services, to form a new 3D printing platform. The investment will support organic growth, capability expansion (polymer and metal production-grade parts) and complementary acquisitions to broaden geographic and service reach.