Spartronics (OEP Portfolio Company) Acquires Primus Technologies

Trystar Acquires Macromatic and Primax Technologies

February 29, 2024

Manufacturing

Trystar, a Goldner Hawn portfolio company, completed the acquisitions of Macromatic Industrial Controls (Waukesha, WI) and Primax Technologies (Pointe-Claire, Quebec). The add-ons expand Trystar’s manufacturing and monitoring capabilities—adding electronic relays and battery-backed AC/DC power solutions—and broaden its market access, including strengthened utility and industrial reach in Canada.

Primus Aerospace Acquires Raloid Corporation

June 28, 2022

Manufacturing

Primus Aerospace, a platform sponsored by Angeles Equity Partners, has acquired Raloid Corporation, a precision component manufacturer serving aerospace, defense, and space customers. The deal expands Primus's machining and assembly capabilities (including plating, NDT, and exotic metals work), strengthening its position as a Tier 1 supplier to defense OEMs; financial terms were not disclosed.

Spartronics (OEP) Acquires Inovar, Inc.

September 1, 2021

Manufacturing

Spartronics, a portfolio company of One Equity Partners, has completed the acquisition of Inovar, Inc., a Tier‑3 electronics manufacturing services (EMS) provider headquartered in North Logan, Utah. The add‑on expands Spartronics’ EMS capabilities, OEM customer base across aerospace, defense and medical markets, and adds a near‑shore facility in Tecate, Mexico to complement its existing global footprint.

Angeles Equity Partners Acquires Primus Aerospace

June 8, 2021

Aerospace & Defense

Angeles Equity Partners acquired Primus Aerospace, a Lakewood, Colorado-based manufacturer of complex precision components and assemblies for aerospace, defense, and space customers. Stellus Capital Management provided unitranche financing and an equity co-investment to support the transaction; financial terms were not disclosed.

One Equity Partners Acquires Spartronics

July 21, 2020

Manufacturing

One Equity Partners (OEP) completed the acquisition of Spartronics, the Manufacturing & Design Services (MDS) business formerly of Sparton Corporation, creating a standalone electronics manufacturing services (EMS) platform. Headquartered in Watertown, South Dakota, Spartronics operates nine U.S. sites and one facility in Vietnam providing engineering, contract design, PCB/assembly and cable/harness manufacturing to aerospace, medical and industrial OEMs; financial terms were not disclosed.

Akoya Capital and Tecum Capital Acquire Primetac Corporation

July 30, 2019

Packaging

Akoya Capital Partners and Tecum Capital Partners acquired Primetac Corporation in partnership with the company's founders and management. The private equity investors plan to grow Primetac — a distributor of industrial packaging materials — by expanding sales coverage, service and product offerings and pursuing add-on acquisitions to build a national platform.