Affiliates of Imperial Group, Lorentzen Investments and Ashland Capital Acquire Metaltec Steel Abrasive Company; Graycliff Provides Credit

Graycliff Partners Acquires Gold Tech Industries

July 7, 2021

Industrial Services

Graycliff Partners LP has completed the acquisition of Gold Tech Industries (GTI), a Tempe, Arizona-based provider of precision metal finishing and plating services for the semiconductor and aerospace industries. The deal represents Graycliff's third investment from its fourth private equity fund and is intended to accelerate GTI's growth as Graycliff targets additional acquisitions in the semi-cap metal finishing space.

K-Tec & Ashland (K.A. Group) Acquire Metalcraft of GA, Inc.

May 16, 2022

Manufacturing

K-Tec Earthmovers and Ashland Industries, operating together as K.A. Group and owned by family office Kinperium Industries, have acquired Metalcraft of GA, Inc., a manufacturer of large-capacity land-leveling and fine-grading scrapers. The Metalcraft facility in Louisville, Georgia will continue to be managed by founder Dayton Ratzlaff; the acquisition adds a Southeastern U.S. manufacturing presence and expands K.A. Group's product offerings for construction, mining and agriculture markets.

Tyrolit Acquires Acme Abrasives

October 6, 2023

Manufacturing

The Tyrolit Group acquired all outstanding stock of Acme Holding Company (Acme Abrasives) at the end of September 2023, adding a U.S. manufacturing plant in Michigan to Tyrolit’s global abrasive solutions footprint. The acquisition expands Tyrolit’s product portfolio and strengthens its position in key end markets including steel, foundry and rail.

K-Tec Acquires Ashland Industries

February 28, 2020

Manufacturing

K-Tec Holdings LLC, a manufacturer of earthmoving scrapers majority-owned by private investment firm Owner Resource Group (ORG), has acquired Ashland Industries Holdings Inc. The merger combines two specialty manufacturers in the earthmoving industry to expand product offerings, service coverage and geographic footprint across Rosenort, Manitoba and Ashland, Wisconsin.

Trive Capital Acquires AceCo Precision Manufacturing (Graycliff Provides Unitranche Financing)

March 10, 2020

Manufacturing

Dallas-based private equity firm Trive Capital acquired AceCo Precision Manufacturing, a Boise-based precision machining company serving the semiconductor and display end markets. Graycliff Partners provided a unitranche debt financing package to support the acquisition.

Compass Precision Acquires Gray Manufacturing Technologies

September 8, 2020

Manufacturing

Compass Precision, a portfolio company of Main Street Capital Holdings, acquired Gray Manufacturing Technologies, a Denver, North Carolina-based precision metal components manufacturer serving space, aerospace and defense markets. The deal is an add-on acquisition to Compass Precision intended to expand manufacturing capabilities, increase 5-axis machining capacity, and broaden customer relationships across aerospace, space and medical end-markets.