TorQuest Partners Acquires Mevotech L.P. from Penfund

QuantiTech Merges with Millennium Engineering and Integration Company

February 10, 2021

Aerospace & Defense

QuantiTech LLC, a portfolio company of Sagewind Capital LLC, has merged with Millennium Engineering and Integration Company (MEI) to form a combined engineering services leader serving U.S. defense and civilian agencies. The combined company will strengthen systems engineering and integration capabilities across space, missile defense, cyber, intelligence and aviation; financial terms were not disclosed.

Ontario Teachers' Acquires Mitratech (TA Associates Sells Stake)

May 18, 2021

Software

Ontario Teachers' Pension Plan Board agreed to acquire a majority stake in Mitratech, a provider of legal, risk and compliance software, with TA Associates selling its funds' ownership interest. Hg will retain a minority interest; the transaction was completed May 18, 2021 at an enterprise value reported at $1.55 billion and is intended to support Mitratech's continued portfolio and capability expansion.

MiddleGround Capital Acquires Megatech from Alfar Capital

February 8, 2023

Manufacturing

MiddleGround Capital has acquired Megatech, a Quebec City–based precision CNC machining and digital manufacturing company, from Alfar Capital. MiddleGround plans to build Megatech into a larger digital manufacturing platform through organic investment and add-on acquisitions while maintaining the company’s precision machining capabilities; Stifel acted as exclusive financial advisor to Megatech and Fasken served as legal counsel to Alfar Capital.

Alfar Capital Acquires Megatech

November 19, 2019

Manufacturing

Alfar Capital has acquired Megatech, a Quebec City–based precision machining firm founded in 1992 that specializes in prototyping small, high-precision parts for optics, bionics, aerospace and military customers. The acquisition strengthens Alfar Capital’s position in advanced manufacturing and provides Megatech with additional financial and strategic support to continue growth and innovation.

The Timken Company Acquires Engineered Solutions Group (iMECH)

October 16, 2023

Manufacturing

The Timken Company has agreed to acquire Engineered Solutions Group (also known as Innovative Mechanical Solutions or iMECH), a Houston-based manufacturer of thrust and radial bearings, specialty coatings and other components serving the energy industry. iMECH employs approximately 70 people and projects about $30 million in revenue for 2023; Timken will fund the purchase with cash on hand and its existing revolving credit facility and expects the deal to close in the fourth quarter.

Allison Transmission Acquires AVTEC's Off-Highway Transmission Portfolio and MEPZ Machining Business

March 31, 2022

Automotive

Allison Transmission has completed the acquisition of AVTEC Ltd.'s off-highway transmission portfolio and the Madras Export Processing Zone (MEPZ) off-highway component machining business for $23 million in cash. The purchase transfers the off-highway transmission assets from India-based AVTEC (part of the CK Birla Group) to Allison, supporting Allison's product and geographic expansion in the off-highway segment and integrating machining operations into Allison's Chennai plant.