UFP Technologies Acquires AJR Enterprises

Keltec Technolab Acquires AJR Filtration

August 11, 2026

Industrial Services

Keltec Technolab (“Keltec”), a Vance Street Capital portfolio company, acquired AJR Filtration (“AJR”). AJR is a family-owned manufacturer of process liquid and dust collection filtration consumables, and the deal combines AJR’s filtration expertise with Keltec’s compressed air and hydraulic filtration portfolio to create a broader industrial filtration platform.

SRM Equity Partners Acquires RF Technologies

June 5, 2025

Medical Devices

SRM Equity Partners acquired RF Technologies, a Brookfield, Wisconsin–based provider of safety and RTLS solutions for healthcare, senior living, education and hospitality, in a transaction effective June 5, 2025. The deal preserves management continuity (founder Glen Jonas to remain as Non‑Executive Chairman) and positions RFT to scale through operational improvements, digital transformation and strategic acquisitions under SRM’s ownership.

Futura Healthcare Acquires ASR Healthcare

February 28, 2023

Healthcare Services

Futura Healthcare has acquired ASR Healthcare, a regional point-of-care solutions and service provider, expanding Futura's technical capabilities and geographic footprint to include Atlanta. The deal adds ASR's skilled technicians and technology center to Futura's national platform; Futura is PE-backed by Renovus Capital Partners (invested 2020).

UFP Technologies Acquires DAS Medical

December 21, 2021

Medical Devices

UFP Technologies, Inc. (Nasdaq: UFPT) has acquired DAS Medical, Inc., a contract manufacturer of single‑use surgical equipment covers, robotic draping systems and fluid control pouches. The acquisition expands UFP's MedTech capabilities—adding thin film converting and near‑shore manufacturing in the Dominican Republic—and provides additional low‑cost manufacturing options for shared customers.

UFP Technologies Acquires Contech Medical

October 13, 2021

Medical Devices

UFP Technologies, Inc. (Nasdaq: UFPT) has acquired Contech Medical, Inc., a Providence, Rhode Island–based designer and manufacturer of class III medical device packaging for catheters and guidewires. Contech, founded in 1987 with partner manufacturing in Costa Rica and approximately $18 million in annual sales, will expand UFP's MedTech capabilities and is expected to be accretive to earnings.

UFP Industries Acquires PalletOne

December 28, 2020

Manufacturing

UFP Industries, through its subsidiary UFP Industrial, LLC, acquired 100% of PalletOne, Inc. for approximately $232 million, with PalletOne's management team (including President Howe Wallace) remaining in place. The acquisition expands UFP's industrial packaging and pressure-treated lumber capabilities, adding PalletOne's 17 manufacturing locations (22 total sites across affiliates), Sunbelt Forest Products and SunOne Logistics, and more than 1,500 employees.