MFG Partners Makes Strategic Investment in A-Z Industries

LindFast Solutions Group (Nautic Partners) Acquires AZ Wire & Cable from MFG Partners

January 8, 2026

Industrial Services

LindFast Solutions Group, a portfolio company of Nautic Partners, has acquired AZ Wire & Cable from private equity owner MFG Partners. AZ, a Northbrook, Illinois-based master distributor of industrial, commercial, and specialty wire and cable, will join LSG’s distribution platform to expand product and geographic reach; financial terms were not disclosed.

MFG Partners Invests in Regency Electric

November 18, 2025

Electrical Services

MFG Partners, a New York-based private equity firm, has made an investment in Regency Electric, a Denver/Englewood-area commercial electrical contractor founded in 1986. Regency's leadership (Dave and Ryan Seifried) retain significant equity and will continue to manage the business as MFG supports scaling the company's capabilities and growth across the Denver Metro and Front Range.

Merit Capital Partners and Fulton Capital Acquire AFX, Inc.

March 7, 2024

Manufacturing

Merit Capital Partners and Fulton Capital partnered with AFX management to acquire AFX, Inc., a Waukegan, Illinois-based designer, assembler and distributor of contemporary and decorative lighting fixtures. Merit provided subordinated debt and equity to support the transaction; the deal positions AFX to continue expanding sales and improving operations across its commercial, residential and hospitality end markets.

MSD Partners Invests in East West Manufacturing

February 1, 2022

Manufacturing

MSD Partners (via its MSD Private Capital strategy) has made a strategic investment in East West Manufacturing, partnering with management to support the company’s continued expansion of end-to-end product realization, manufacturing and supply-chain capabilities. Financial terms were not disclosed; management remains significant owners while Emigrant Capital Corporation and Heritage Growth Partners LLC are exiting their investments.

MFG Partners and Merit Capital Partners Acquire Elgen Manufacturing Company

October 29, 2019

Manufacturing

MFG Partners and Merit Capital Partners, alongside Elgen's management team, have acquired Elgen Manufacturing Company, a Closter, New Jersey-based maker of ductwork accessory products for the HVAC industry. Merit provided subordinated debt and equity as part of the Fund VI platform investment (Elgen is Merit’s 13th platform), and the buyers plan to support product-line and geographic growth initiatives.

Edison Partners Leads $15M Growth Investment in MacroFab

May 25, 2021

Manufacturing

Edison Partners led a $15 million growth capital investment in Houston-based MacroFab, a cloud-enabled electronics manufacturing-as-a-service platform. The round included a strategic investment from Altium Limited and will be used to accelerate MacroFab's sales, marketing and expansion of its digital manufacturing platform and factory footprint.