Hyperion Materials & Technologies Acquires GLE Precision

Hyperion Materials & Technologies Acquires Damen Carbide Tool Co. Operations

July 29, 2024

Manufacturing

Hyperion Materials & Technologies has entered a definitive agreement to acquire the operations of Damen Carbide Tool Co., Inc., a Wood Dale, Illinois-based specialist in carbide and ceramic grinding and EDM finishing. The asset purchase will fold Damen Carbide into Hyperion's Precision Solutions business unit to expand its carbide component manufacturing and finishing capabilities; key Damen leaders will remain in place and the transaction is expected to close in early Q3 2024.

Hyperion Materials & Technologies Acquires Prism Technologies, Inc.

April 29, 2024

Manufacturing

Hyperion Materials & Technologies announced an agreement to acquire Prism Technologies, Inc., an Elizabeth, Pennsylvania-based manufacturer of compaction tooling, specialty components and wear parts. Prism will be integrated into Hyperion’s Precision Solutions business unit to add compaction tooling capabilities and capacity; the transaction is expected to close subject to customary conditions.

Hyperion Materials & Technologies Acquires Dura-Metal Products Corporation

May 18, 2023

Manufacturing

Hyperion Materials & Technologies announced an agreement to acquire Dura-Metal Products Corporation, a Pennsylvania-based manufacturer of wear- and corrosion-resistant precision tools and components. Dura-Metal will join Hyperion’s Precision Solutions business unit to expand the platform’s large-component machining, grinding, EDM and finishing capabilities for end markets including aerospace, energy and medical.

Hyperion Materials & Technologies Acquires Crafts Technology

April 15, 2021

Manufacturing

Hyperion Materials & Technologies acquired Crafts Technology, a precision manufacturer of cemented tungsten carbide components, to broaden its engineered hard- and super-hard-materials capabilities and global footprint. Crafts Technology will continue to be led by President and CEO Jeffrey Taylor, and Prairie Capital Advisors served as financial advisor to Crafts on the transaction.

Mill City Capital Acquires HN Precision Company

January 26, 2018

Manufacturing

Mill City Capital has acquired HN Precision Company, a precision machining manufacturer headquartered in Lake Bluff, Illinois, from Cerberus Business Finance. HN Precision operates over 175 CNC machines and employs approximately 240 people serving end markets including heavy truck, off-highway vehicles, recreational firearms and rail; Mill City plans to grow the business as a platform and expand its manufacturing capabilities.

Colfax Creek Capital Acquires GLE Precision, LLC

August 3, 2015

Manufacturing

Colfax Creek Capital has acquired GLE Precision, LLC, a Bridgeport, Michigan-based precision manufacturer of tungsten carbide tooling, gauges and product components. The investment will provide Colfax Creek control of GLE and support the company's growth initiatives, including new equipment and expansion into new end markets across medical, semiconductor, automotive and other industries.