Specialized Fabrication Equipment Group (SFEG) Acquires Climax Portable Machine Tools (CPMT)
October 25, 2023
Specialized Fabrication Equipment Group LLC (SFEG), a portfolio company backed by Gladstone Investment Corporation, acquired CPMT Holdings Corp. and its subsidiaries including Climax Portable Machine Tools, Inc. Gladstone Investment Corporation provided additional debt and equity to support the add-on acquisition, which closed on October 19, 2023; the seller was Industrial Growth Partners (IGP).
- Buyers
- Specialized Fabrication Equipment Group LLC, Gladstone Investment Corporation
- Targets
- CPMT Holdings Corp., Climax Portable Machine Tools, Inc.
- Sellers
- Industrial Growth Partners
- Platforms
- Specialized Fabrication Equipment Group LLC
- Industry
- Manufacturing
- Location
- Oregon, United States
- Transaction Type
- Addon
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