EagleTree Capital Acquires Andronaco Industries

Andra Tech Group (backed by Castik Capital) Acquires Innotec Zerspanungstechnik GmbH

November 11, 2024

Manufacturing

Andra Tech Group has acquired 100% of Innotec Zerspanungstechnik GmbH, a precision-machining manufacturer based in Sinsheim, Germany; financial terms were not disclosed and managing directors Jörg and Björn Leichenich will remain in place. Innotec’s ~75 employees serve medical, optics, high-tech systems and semiconductor customers; the acquisition expands Andra Tech Group’s German footprint and capabilities and is supported by funds managed by Castik Capital, which acquired a majority stake in Andra Tech Group in September 2024.

Andronaco Industries Acquires Diamond Companies (Diamond Fiberglass & Diamond Services)

June 26, 2024

Industrial Services

Andronaco Industries has acquired Diamond Companies — including Diamond Fiberglass and Diamond Services — and will rebrand the combined business as Diamond Fiberglass Systems and Services. The acquisition expands Andronaco's corrosion-resistant flow control and fluid management capabilities by adding FRP tank and vessel fabrication plus on-site non-metallic field services, broadening its end-to-end solutions for chemical, semiconductor, water/wastewater and clean-energy customers.

Castik Capital Acquires Majority Stake in Andra Tech Group

May 14, 2024

Manufacturing

Funds managed by Castik Capital S.a.r.l. have agreed to acquire a majority stake in Andra Tech Group from funds advised by Equistone Partners Europe, Mountainview Capital Partners and management; Equistone and management will remain minority shareholders. Andra Tech Group, a Netherlands-headquartered group of precision component manufacturers employing ~700 people across 11 sites in the Netherlands and Germany, will pursue an accelerated growth strategy supported by Castik, including geographic expansion and capability development.

Flow Control Holdings Acquires Andron Stainless

January 18, 2023

Manufacturing

Flow Control Holdings (a portfolio company of Audax Private Equity) has acquired Andron Stainless, a manufacturer of sanitary stainless steel fittings, valves, tubing and accessories with operations in Columbia, South Carolina and Mississauga, Ontario. The add-on expands FCH's sanitary product portfolio, manufacturing capabilities and geographic footprint across the Southeastern U.S. and Canada.

One Equity Partners to Acquire Fortaco Group

July 8, 2022

Industrial Services

Funds managed by CapMan Buyout have agreed to sell their holdings in Fortaco Group to private equity firm One Equity Partners. The deal will make One Equity Partners the new owner of the strategic partner to the heavy off-highway equipment and marine industries, with an emphasis on expanding offerings and international growth.

EagleTree Capital Acquires Majority Stake in Invincible Boat Company

September 17, 2019

Manufacturing

EagleTree Capital (via its EagleTree Partners IV fund) has acquired a majority stake in Invincible Boat Company, a premium high-performance saltwater fishing boat manufacturer headquartered in Opa Locka, Florida. Stellus Capital Management provided unitranche senior debt and an equity co-investment to support the transaction; Invincible's founder Alex Lipworth will remain a significant shareholder and continue to guide product development.