Mill Point Capital Acquires FEMSA's Imbera and Torrey Businesses to Form AeriTek Global LLC

AeriTek Global Holdings Acquires Continental Refrigerator and National Comfort Products

April 15, 2026

Industrial Services

AeriTek Global Holdings LLC (backed by Mill Point Capital) completed its acquisition of the foodservice refrigeration and HVAC assets operating under the Continental Refrigerator and National Comfort Products (NCP) brands. The purchase expands AeriTek’s position in the U.S. commercial foodservice refrigeration market by combining complementary product lines and go-to-market capabilities.

Ronin Equity Partners Completes GP-Led Secondary Minority Stake in AeriTek Global

March 17, 2026

Manufacturing

Ronin Equity Partners completed a GP-led secondary acquisition of a minority stake in AeriTek Global at $3.11 per share. The transaction follows Ronin’s prior sale of Due North to AeriTek and continues support for AeriTek’s refrigerated display case consolidation strategy, immediately followed by AeriTek’s add-on acquisition of Federal Industries.

AeriTek Acquires Federal Industries

March 9, 2026

Manufacturing

AeriTek Global Holdings acquired Federal Industries in a carve-out transaction from Standex International Corporation. The deal strengthens AeriTek’s U.S. foodservice manufacturing and distribution platform by adding Federal’s vertically integrated manufacturing facility in Belleville, Wisconsin and its dealer/distributor network.

AeriTek (Mill Point Capital) Acquires Due North (Minus Forty QBD Corp)

September 29, 2025

Manufacturing

AeriTek Global Holdings (a portfolio company of Mill Point Capital) has acquired Minus Forty QBD Corp, doing business as Due North, combining AeriTek’s Imbera and Torrey businesses with Due North’s QBD and Minus Forty brands to create a scaled North American manufacturer and distributor of refrigerated display cases. Ronin Equity Partners, which formed Due North in 2021, is exiting the investment as part of the transaction and intends to run a GP-led continuation vehicle to bring in new minority investors in the expanded group.

Ara Partners Acquires Majority Stake in Microtec Development & Holdings

September 16, 2025

Industrial Services

Ara Partners, a private investment firm focused on industrial decarbonization, has acquired a majority stake in Microtec Development & Holdings LLC to accelerate commercialization of Microtec's Turbo Mill technology and AggrePlex's PozzoDyne ground glass pozzolan. The investment will fund rollout of AggrePlex facilities across the United States and internationally to scale low‑carbon, waste‑to‑value construction materials and reduce concrete-related emissions.

Aurora Capital Partners Acquires Spray-Tek, LLC

December 20, 2021

Food & Beverage

Aurora Capital Partners has acquired Spray-Tek, LLC, a North American leader in specialized spray drying and ingredient processing solutions serving food & beverage, personal and home care, and pharmaceutical/nutraceutical markets. Aurora will partner with Spray-Tek's management to resource growth initiatives, expand drying capacity and capabilities, and accelerate both organic and inorganic growth.