Angstrom Automotive Group Acquires General Aluminum Mfg. Company from Park-Ohio

ASGARD Partners & Co. Acquires Angstrom Technology

November 30, 2020

Industrial Services

ASGARD Partners & Co., a private equity firm, has acquired a controlling interest in Angstrom Technology, a Grand Rapids-based provider of modular cleanrooms and controlled-environment solutions. Management will remain as a significant minority investor and ASGARD's investment will support growth initiatives, capability expansion and potential strategic acquisitions across North America.

Angstrom Automotive Group Acquires Tianhai Electric North America, Inc.

June 22, 2022

Manufacturing

Angstrom Automotive Group, LLC acquired Tianhai Electric North America, Inc. (TENA), a Pontiac, Michigan-based manufacturer of battery cables and wire harness assemblies serving OEM and Tier 1 customers. The deal expands Angstrom’s electrical product portfolio and regional OEM presence while positioning the combined business for growth in both internal combustion engine (ICE) and electrified vehicle markets.

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.

Advanced Vehicle Assemblies Acquires Global Automotive Systems

April 27, 2021

Automotive

Advanced Vehicle Assemblies, LLC (an affiliate of Lynn Tilton) acquired substantially all assets of Global Automotive Systems, LLC on April 27, 2021. The deal transfers GAS’s engineering and complex structural metal-assembly capabilities into AVA to strengthen AVA’s manufacturing footprint and support future organic growth and acquisitions.

GM Ventures Invests $10M in Forge Nano to Advance Atomic Armor Battery Coatings

October 16, 2024

Manufacturing

GM Ventures, the venture arm of General Motors, invested $10 million in Forge Nano to accelerate development and deployment of its Atomic Armor atomic layer deposition coatings for battery cathode materials. The investment includes a strategic partnership to explore using Forge Nano's high-throughput equipment to coat cathode active materials for GM's EV battery cells and supports Forge Nano's expansion of battery-material coating services, equipment sales and prototype cell production.

P&THE Manufacturing Acquires USAC Ross (Ross Aluminum)

May 9, 2022

Manufacturing

P&THE Manufacturing LLC, a metro-Detroit minority-owned holding company, acquired the assets of USAC Ross, LLC (doing business as Ross Aluminum) in Sidney, Ohio, in an April 2022 transaction. The deal — financed in part with debt from SWS Capital Management — transfers property, equipment and real estate to P&THE as it builds a portfolio of lower-middle market manufacturing businesses and plans to expand Ross's workforce and capabilities in aluminum castings for aerospace, automotive and power generation markets.