Manufacturing Acquisitions in 2021
Acquisition Volume in Manufacturing in 2021 by Year
Last 5 years
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December 31, 2021
- Buyer
- Onward Capital, Midwest Mezzanine Funds, Wintrust Financial Corporation, Centerfield Capital Partners
- Target
- Century Drill & Tool Corporation
- Industry
- Manufacturing
- Location
- Wisconsin, United States
- Type
- Recapitalization
Chicago-based private equity firm Onward Capital completed a recapitalization of Century Drill & Tool Corporation, a Green Bay, Wisconsin distributor and manufacturer of power tool accessories. The recapitalization was funded by Wintrust Financial Corporation, Midwest Mezzanine Funds and Centerfield Capital Partners, with Midwest Mezzanine providing subordinated debt and equity to support the transaction.
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December 31, 2021
- Buyer
- Platinum Equity
- Target
- Pelican Products, Inc.
- Seller
- Behrman Capital
- Industry
- Manufacturing
- Location
- California, United States
- Type
- Buyout
Platinum Equity has completed its acquisition of Pelican Products, a Torrance, California-based manufacturer of high-performance protective cases, portable lighting systems and temperature-controlled packaging (Peli BioThermal). The deal, purchased from Behrman Capital, positions Pelican as a platform for growth under Platinum Equity with management, led by CEO Phil Gyori, remaining in place; financial terms were not disclosed.
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- Buyer
- Capital For Business, Inc., Konza Valley Capital, Inc.
- Target
- A&A Machine & Fabrication, LLC
- Seller
- Charles L. Hutchins, C. Alan Hutchins, David E. Vasichko
- Industry
- Manufacturing
- Location
- Texas, United States
- Type
- Buyout
Capital For Business, Inc. (CFB) and Konza Valley Capital, Inc. (KVCI) have completed an acquisition/investment in A&A Machine & Fabrication, LLC, a La Marque, Texas-based manufacturer of high-pressure tubular reactors, coolers and related fabrication and service solutions for the petrochemical and plastics industries. The founders/owners will remain involved in the business while transitioning management over time; the transaction is intended to support A&A's growth, global expansion and employee continuity.
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December 31, 2021
- Buyer
- Allied Motion Technologies Inc.
- Target
- Spectrum Controls, Inc.
- Industry
- Manufacturing
- Location
- Washington, United States
- Type
- Buyout
Allied Motion Technologies Inc. acquired Spectrum Controls, Inc., a Bellevue, Washington–based designer and manufacturer of industrial I/O modules, displays and communications gateways, for a total purchase price of $70 million (approximately $45 million paid at closing, with $25 million deferred). Spectrum, founded in 1983 with about 72 employees, will expand Allied Motion’s industrial automation product portfolio and engineering capabilities and is expected to be accretive to earnings and gross margin.
-
- Buyer
- ISCO Industries, Inc.
- Target
- Industrial Pipe Fittings LLC d/b/a Plasson USA
- Seller
- Plasson Ltd
- Industry
- Manufacturing
- Location
- Texas, United States
- Type
- Divestiture
ISCO Industries, a Louisville-based total piping solutions provider, acquired the majority of the U.S. manufacturing operations of Industrial Pipe Fittings LLC d/b/a Plasson USA from parent company Plasson Ltd. The transaction, a divestiture led by GulfStar Group as advisor to Plasson, closed on December 31, 2021 and expands ISCO's HDPE fittings and fabrication capabilities across North America.
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December 30, 2021
- Buyer
- Midwest Products & Engineering (MPE INC), BPOC
- Target
- Racine Metal-Fab, Ltd.
- Industry
- Manufacturing
- Location
- Wisconsin, United States
- Type
- Addon
Midwest Products & Engineering (MPE INC), a portfolio company of healthcare-focused private equity firm BPOC, has acquired Racine Metal-Fab (RMF), a precision sheet metal fabricator. The add-on expands MPE's light-gauge stamping, fabrication and assembly capabilities to better serve medical device and technology OEM customers.
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December 30, 2021
- Buyer
- Wisconsin River Partners
- Target
- Witmer Furniture
- Seller
- Kevin Schlinkmann
- Industry
- Manufacturing
- Location
- Wisconsin, United States
- Type
- Buyout
Wisconsin River Partners, a Wisconsin-based private investment group, has acquired Witmer Furniture, a solid wood furniture manufacturer headquartered in Abbotsford, Wisconsin. The deal closed on December 30, 2021; Witmer employs about 70 people and former owner Kevin Schlinkmann will remain as president and the largest shareholder.
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December 30, 2021
- Buyer
- Hubbell Electric Heater Holdings LLC
- Target
- RECO USA (RECO Commercial Systems LLC)
- Seller
- RECO USA owners (including former co-owner Mike Schleinkofer), Mike Schleinkofer
- Industry
- Manufacturing
- Location
- South Carolina, United States
- Type
- Buyout
Hubbell Electric Heater Holdings LLC (HEH Holdings) acquired RECO USA, a manufacturer of high-volume ASME pressure vessels and commercial water heaters based in Cayce, South Carolina. The asset purchase — which closed December 30, 2021 for undisclosed terms — includes RECO's 125,000 sq. ft. manufacturing facility and will keep production in South Carolina while expanding HEH Holdings' large-capacity water heating and storage capabilities.
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December 29, 2021
- Buyer
- LFM Capital
- Target
- SureKap Inc.
- Seller
- Greg Raines (Founder and President / selling shareholder)
- Industry
- Manufacturing
- Location
- Georgia, United States
- Type
- Buyout
LFM Capital, a Nashville-based private equity firm, has acquired SureKap Inc., a Winder, Georgia manufacturer of automated packaging machinery. The transaction creates a new portfolio company for LFM and is intended to support SureKap's growth by expanding capacity, capabilities, and aftermarket service offerings across food & beverage, pharmaceutical, nutraceutical and cosmetics end markets.
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December 29, 2021
- Buyer
- Exxelia
- Target
- Alcon Electronics
- Seller
- Shareholders of Alcon Electronics
- Industry
- Manufacturing
- Location
- Maharashtra, India
- Type
- Buyout
Exxelia completed a majority acquisition of Alcon Electronics (closing December 29, 2021), adding the Indian capacitor-maker to its portfolio to broaden its film and aluminum electrolytic capacitor offering. The deal gives Exxelia an engineering and manufacturing foothold in India and strengthens its product capabilities for renewable energy, medical imaging, power generation and railway end markets.
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December 29, 2021
- Buyer
- Nichols Portland, Inc., Altus Capital Partners II, L.P.
- Target
- Alpha Precision Group, LLC
- Industry
- Manufacturing
- Location
- Pennsylvania, United States
- Type
- Addon
Nichols Portland, Inc., a portfolio company of Altus Capital Partners, acquired the assets of Alpha Precision Group, LLC (APG). APG is a diversified metal-forming manufacturer (powder metallurgy, metal injection molding, additive manufacturing and precision valve assemblies) headquartered in St. Marys, Pennsylvania, with five plants across Pennsylvania and Michigan and over 400 employees; financial terms were not disclosed.
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December 29, 2021
- Buyer
- PTC Alliance LLC, Black Diamond Capital Management LLC
- Target
- Metal‑Matic, Inc.
- Seller
- Metal‑Matic's third‑generation family owners (unnamed)
- Industry
- Manufacturing
- Location
- United States
- Type
- Addon
PTC Alliance LLC, a portfolio company of Black Diamond Capital Management, has acquired Metal‑Matic, Inc., a manufacturer of welded and drawn over mandrel (DOM) carbon steel tubing. The deal, which closed December 29, 2021, adds Metal‑Matic’s four production facilities and more than 500 employees across Minnesota, Illinois and Ohio to PTC Alliance’s operations.
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December 28, 2021
- Buyer
- Martin Yale Industries LLC
- Target
- Postmark
- Industry
- Manufacturing
- Location
- California, United States
- Type
- Buyout
Martin Yale Industries LLC has acquired Postmark, a San Luis Obispo, California-based maker of high-speed inkjet printers and mailroom equipment. The acquisition expands Martin Yale's product portfolio in mailroom, printing and packaging markets and will relocate Postmark's manufacturing operations to Martin Yale's Wabash, Indiana facility to increase capacity and efficiency.
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December 27, 2021
- Buyer
- Gryphon Investors (Heritage Fund)
- Target
- Vivify Specialty Ingredients
- Seller
- CenterOak Partners LLC, CenterOak Equity Fund I
- Industry
- Manufacturing
- Location
- Illinois, United States
- Type
- Buyout
Gryphon Investors' Heritage Fund acquired Vivify Specialty Ingredients, a Glendale Heights, Illinois–based supplier of specialty organic colorants, functional ingredients, and additives. The transaction was completed with participation from Vivify management and family owner Aakash Shah; financial terms were not disclosed and CenterOak Partners sold its stake.
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- Buyer
- RINGFEDER POWER TRANSMISSION, VBG Group
- Target
- CARLYLE JOHNSON MACHINE COMPANY, LLC
- Industry
- Manufacturing
- Location
- Connecticut, United States
- Type
- Buyout
RINGFEDER POWER TRANSMISSION has acquired all shares of CARLYLE JOHNSON MACHINE COMPANY, LLC, a U.S.-based manufacturer of clutches, brakes and power-transmission components. The deal expands RINGFEDER's product portfolio and strengthens its presence in high-growth motion-control end markets such as medical devices, aerospace and industrial automation.
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December 25, 2021
- Buyer
- Tide Rock Holdings
- Target
- CableMaster Corp.
- Seller
- CableMaster's family owners
- Industry
- Manufacturing
- Location
- Wisconsin, United States
- Type
- Buyout
Tide Rock Holdings, a San Diego-based middle-market holding company, acquired CableMaster Corp., a family-owned Milwaukee manufacturer and global supplier of custom electrical cables, power cords and wire harnesses. The deal brings CableMaster into Tide Rock's manufacturing and distribution platform to expand its electro-mechanical capabilities and OEM distribution channels.
-
December 23, 2021
- Buyer
- Arxada AG, Bain Capital, Cinven
- Target
- Enviro Tech Chemical Services, Inc.
- Industry
- Manufacturing
- Location
- California, United States
- Type
- Buyout
Arxada AG, a Basel-based specialty chemicals company owned by Bain Capital and Cinven, completed the acquisition of Enviro Tech Chemical Services, Inc. on 22 December 2021. The deal adds Enviro Tech’s antimicrobial and biocidal platform (notably peracetic acid and bromine chemistries), three U.S. manufacturing sites, and expanded access to food & beverage, agriculture and wastewater treatment end markets; financial terms were not disclosed.
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December 23, 2021
- Buyer
- PHI Industrial
- Target
- PPC Insulators
- Seller
- Seves Group, Triton
- Industry
- Manufacturing
- Location
- Vienna, Austria
- Type
- Divestiture
PHI Industrial, a specialist industrial investment fund, has acquired PPC Insulators from Seves Group (a Triton portfolio company). The divestiture transfers PPC — a global manufacturer of porcelain high-voltage insulators serving transmission and distribution customers — to PHI, which said it will pursue expansion in existing and new markets to capitalise on long-term infrastructure and renewable energy trends. Terms were not disclosed.
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December 23, 2021
- Buyer
- Sirius Plastik
- Target
- PIA Akrilik
- Seller
- Plaskolite Inc.
- Industry
- Manufacturing
- Location
- Malatya, Turkey
- Type
- Buyout
Sirius Plastik, a Çeker family–owned special purpose vehicle, has acquired all outstanding shares of PIA Akrilik from Plaskolite Inc. PIA Akrilik is the leading Turkish manufacturer of cast acrylic sheets (sold under the Castplas brand), operating a 26,376 m² facility in Malatya with c.7,500 tons annual capacity; Sirius Plastik said it will invest to strengthen the company’s capital structure and support regional growth.
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December 22, 2021
- Buyer
- Brightstar Capital Partners
- Target
- Novae Corp.
- Industry
- Manufacturing
- Location
- Indiana, United States
- Type
- Buyout
Brightstar Capital Partners, a New York-based private equity firm, completed its acquisition of Novae Corp., a Markle, Indiana-headquartered trailer manufacturer, in partnership with Novae founder and senior management who retain significant ownership. Novae operates six trailer brands across 15 manufacturing facilities with more than 1,100 employees and will work with Brightstar to scale operations and expand in a fragmented market.
-
- Buyer
- OPW Clean Energy Solutions (a Dover company)
- Target
- Acme Cryogenics, Inc.
- Seller
- Graham Partners
- Industry
- Manufacturing
- Location
- Pennsylvania, United States
- Type
- Buyout
OPW Clean Energy Solutions, a Dover company, has acquired Acme Cryogenics from Graham Partners. Acme Cryogenics, headquartered in Allentown, Pennsylvania, is a manufacturer of cryogenic equipment and provider of field services serving end markets including the hydrogen economy, healthcare, and food & beverage; Graham Partners said the sale follows significant revenue and EBITDA growth and successful value-creation initiatives during its ownership.
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December 22, 2021
- Buyer
- Howden
- Target
- Compressor Products International (CPI)
- Industry
- Manufacturing
- Location
- Texas, United States
- Type
- Buyout
Howden has completed its acquisition of Compressor Products International (CPI), a Houston-based provider of aftermarket components and services for reciprocating compressors. The deal expands Howden's global aftermarket capabilities and service coverage across North America and Europe and adds complementary valve and aftermarket product technology to its compressor portfolio.
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December 22, 2021
- Buyer
- Industry 4.0 Fund (Quadrivio Group), Quadrivio Group
- Target
- Soft N.W. S.p.A.
- Seller
- Verzoletto family, Falco family
- Industry
- Manufacturing
- Location
- Piedmont, Italy
- Type
- Addon
Industry 4.0 Fund, the private equity vehicle of Quadrivio Group, has acquired a majority stake in Soft N.W. S.p.A., an Italian manufacturer of spunbonded polypropylene nonwoven fabrics. The transaction aims to consolidate Soft N.W. with Quadrivio's existing nonwovens platform (Texbond S.p.A.), support international expansion and product development, and strengthen the company’s management while pursuing digitalization and market consolidation.
-
December 22, 2021
- Buyer
- American Innotek, Inc.
- Target
- Phillips Environmental Products dba Cleanwaste
- Industry
- Manufacturing
- Location
- Montana, United States
- Type
- Buyout
American Innotek, Inc. has acquired Phillips Environmental Products, which does business as Cleanwaste, combining the RESTOP and Cleanwaste brands to expand product offerings in portable lavatories and personal waste management. The deal will consolidate manufacturing (RESTOP production to relocate to Cleanwaste’s Montana facility) and aims to drive product innovation and efficiencies across consumer, military, and healthcare end markets.
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December 22, 2021
- Buyer
- Borgman Capital
- Target
- Durex Products, Inc.
- Seller
- Larry Hetzel
- Industry
- Manufacturing
- Location
- Wisconsin, United States
- Type
- Buyout
Milwaukee-based private equity firm Borgman Capital has partnered with Larry Hetzel to acquire Durex Products, a Wisconsin manufacturer of wire and polymer screen media, urethane liners and wear parts for the aggregate, recycling and mining industries. The transaction provides Durex with additional capital and resources to support growth while existing owner Larry Hetzel remains involved and retains equity in the company.
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December 22, 2021
- Buyer
- Total Security Solutions, Inc.
- Target
- Bullet Guard Corporation
- Industry
- Manufacturing
- Location
- California, United States
- Type
- Buyout
Total Security Solutions, Inc. (TSS) has acquired Bullet Guard Corporation. Angle Advisors served as exclusive investment banking advisor to TSS; the acquisition expands TSS’s geographic footprint into Northern California and adds Bullet Guard’s decades-long expertise in ballistic barrier systems to TSS’s manufacturing and installation platform.
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December 22, 2021
- Buyer
- May River Capital
- Target
- Cablevey Conveyors
- Industry
- Manufacturing
- Location
- Iowa, United States
- Type
- Buyout
Chicago-based private equity firm May River Capital has acquired Cablevey Conveyors, the Oskaloosa, Iowa manufacturer of tubular drag conveyor systems. The deal closed on Dec. 22 (Cablevey’s 50th anniversary); Cablevey will continue operating in Oskaloosa while May River plans to invest to grow market share in food & beverage, pharmaceuticals and other regulated end markets and pursue synergies with a sister platform, Advanced Material Processing (AMP).
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December 22, 2021
- Buyer
- Vesuvius plc
- Target
- Universal Refractories, Inc.
- Industry
- Manufacturing
- Location
- Pennsylvania, United States
- Type
- Buyout
Vesuvius plc has acquired Universal Refractories, Inc., a specialty refractory manufacturer based in Wampum, Pennsylvania, in a transaction valued at $57.1 million on a cash- and debt-free basis. The deal, funded from Vesuvius' internal resources, expands Vesuvius' North American presence among electric arc furnace steel producers and strengthens its Foundry business.
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December 22, 2021
- Buyer
- Crown Capital Investments
- Target
- Climashield
- Industry
- Manufacturing
- Location
- Tennessee, United States
- Type
- Buyout
Crown Capital Investments, an Atlanta-based private equity firm, has acquired Climashield, a Clinton, Tennessee-headquartered manufacturer of continuous filament insulation used by military and premium outdoor recreation brands. The acquisition adds a specialty insulation manufacturer to Crown Capital’s industrial and specialty manufacturing portfolio and creates synergy with existing portfolio company Graniteville Specialty Fabrics.
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December 21, 2021
- Buyer
- Yield Engineering Systems (YES)
- Target
- Semiconductor Process Equipment Corporation (SPEC)
- Industry
- Manufacturing
- Location
- California, United States
- Type
- Buyout
Yield Engineering Systems (YES), a Fremont-based manufacturer of surface and materials processing equipment, has acquired Semiconductor Process Equipment Corporation (SPEC) of Valencia, California for an undisclosed amount. The deal adds SPEC’s wet-process product line, ~40,000 sq. ft. of manufacturing/cleanroom space and SPEC’s staff to YES, expanding YES’s wet-processing capabilities and capacity to serve semiconductor, advanced packaging, life sciences and other computationally intensive end markets.
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December 21, 2021
- Buyer
- Arcline Investment Management
- Target
- American Holt Corporation
- Seller
- Jon Levy
- Industry
- Manufacturing
- Location
- Massachusetts, United States
- Type
- Buyout
Arcline Investment Management has acquired a controlling stake in American Holt Corporation from founder and CEO Jon Levy. Arcline will partner with the existing management team to support American Holt’s growth as a technology-enabled supplier of aftermarket replacement parts serving food & beverage, paper converting, and material handling markets.
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December 21, 2021
- Buyer
- AEA Investors' Small Business Fund (AEA SBF)
- Target
- Monroe Engineering Holdings, LLC
- Seller
- Management and employee investors
- Industry
- Manufacturing
- Location
- Michigan, United States
- Type
- Recapitalization
AEA Investors' Small Business Fund (AEA SBF) recapitalized Monroe Engineering Holdings, LLC alongside management and employee investors. The investment provides liquidity to existing stakeholders and positions Monroe to continue serving OEM customers across aerospace, medical, renewable energy and other industrial end markets.
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December 21, 2021
- Buyer
- Capital For Business, Inc. (CFB), Millstone Capital Advisors, LLC, Konza Valley Capital, Inc.
- Target
- Patterson Mold and Tool, LLC
- Industry
- Manufacturing
- Location
- Missouri, United States
- Type
- Buyout
St. Louis-based private investment firm Capital For Business, Inc. (CFB) completed an investment in Patterson Mold and Tool, LLC, a St. Charles, Missouri-based designer and manufacturer of complex die-casting tooling and precision machined components. Affiliates Millstone Capital Advisors and Konza Valley Capital provided subordinated debt and equity; Patterson's management and production teams will remain as the company pursues growth and capability investments.
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December 21, 2021
- Buyer
- Innovative Companies, Inc., Proviso Capital
- Target
- Taylor Studios, Inc.
- Seller
- Betty Brennan
- Industry
- Manufacturing
- Location
- Illinois, United States
- Type
- Addon
Innovative Companies, Inc., a portfolio company of Proviso Capital, has acquired Taylor Studios, Inc., an exhibit planning, design and fabrication firm based in Rantoul, Illinois. The deal, which closed December 15, 2021, is an add-on to Innovative Companies' platform as Proviso continues to build a global display, exhibit and sign manufacturing group; seller Betty Brennan will retain a continued role post-sale.
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December 21, 2021
- Buyer
- Bonum Capital
- Target
- PJSC Koks
- Seller
- Minority shareholder (unnamed)
- Industry
- Manufacturing
- Location
- Kemerovo Oblast, Russia
- Type
- Growth capital
International investment fund Bonum Capital has purchased a 16% minority stake in PJSC Koks, Russia’s largest merchant coke producer, from an unnamed minority shareholder. The deal is a financial (minority) investment; the purchase price was not disclosed and Bonum said it will support management's growth, efficiency and environmental programmes while considering strategic options for the stake.
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December 20, 2021
- Buyer
- GEON Performance Solutions, SK Capital Partners
- Target
- Roscom, Inc.
- Industry
- Manufacturing
- Location
- Pennsylvania, United States
- Type
- Addon
GEON Performance Solutions, a portfolio company of SK Capital Partners, has acquired Roscom, Inc., an ISO9001:2015-certified PVC compounding facility in Croydon, Pennsylvania. The acquisition adds Roscom's flexible PVC compounding capabilities and Croydon manufacturing capacity to GEON's platform to better serve customers in the Northeastern United States and parts of Canada.
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December 20, 2021
- Buyer
- Omni-Lite Industries Canada, Inc.
- Target
- Designed Precision Castings Inc.
- Seller
- Designed Precision Castings shareholders (vendors)
- Industry
- Manufacturing
- Location
- Ontario, Canada
- Type
- Buyout
Omni-Lite Industries Canada, Inc. acquired Brampton-based Designed Precision Castings Inc. (DP Cast) in a share-and-cash transaction valued at approximately US$5.7 million. The acquisition (100% of DP Cast) expands Omni-Lite's manufacturing capabilities into investment castings for aerospace, defense and industrial end markets and is accompanied by a sale-leaseback of Omni-Lite's California real estate and a related private placement by an affiliate of DP Cast.
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December 20, 2021
- Buyer
- Union Park Capital
- Target
- Lafferty Equipment Manufacturing, Inc., Lavo Solutions LLC
- Industry
- Manufacturing
- Location
- United States
- Type
- Buyout
Boston-based private equity firm Union Park Capital made a majority investment in Lafferty Equipment Manufacturing, Inc. and Lavo Solutions LLC and combined them as the initial assets of a newly formed holding company, CFS Technologies LLC. The deal pairs Lafferty's chemical-dispensing manufacturing capabilities with Lavo's IoT data analytics platform to expand capabilities, increase market share across food processing, agricultural and industrial end-markets, and support organic and inorganic growth.
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- Buyer
- SOL Global Investments Corp.
- Target
- Atmofizer Technologies Inc.
- Industry
- Manufacturing
- Location
- British Columbia, Canada
- Type
- Growth capital
SOL Global Investments Corp. purchased 62,500 common shares of Atmofizer Technologies Inc. on December 20, 2021 at an average price of CAD$2.618 per share, increasing its ownership from approximately 8.34% to approximately 8.42% on a non-diluted basis. SOL Global also holds 1,299,999 warrants exercisable for one common share each (USD$3.50 exercise price), which if exercised would raise its partially-diluted stake to roughly 10%.
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December 20, 2021
- Buyer
- BillerudKorsnäs
- Target
- Verso Corporation
- Seller
- Verso Corporation shareholders
- Industry
- Manufacturing
- Location
- Ohio, United States
- Type
- Buyout
BillerudKorsnäs has agreed to acquire Verso Corporation, a leading North American coated paper producer, for approximately USD 825 million in cash (USD 27.00 per share). The deal, expected to close in Q2 2022 subject to shareholder and regulatory approvals, gives BillerudKorsnäs a North American platform and includes plans to convert Verso assets into paperboard capacity with up to SEK 9 billion of estimated capex.
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- Buyer
- IMI plc
- Target
- Adaptas Solutions
- Seller
- Ampersand Capital Partners
- Industry
- Manufacturing
- Location
- Massachusetts, United States
- Type
- Buyout
IMI plc has agreed to acquire Adaptas Solutions from Ampersand Capital Partners for $271 million in cash. Adaptas, a Palmer, Massachusetts-based manufacturer of mass spectrometry subsystems, fluidic modules and lab automation components with ~340 employees and projected 2021 revenues of about $80–83 million, will join IMI Precision Engineering to deepen IMI's life sciences product offering and OEM relationships.
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December 18, 2021
- Buyer
- Delta Electronics, Inc., Delta International Holding Limited B.V.
- Target
- Universal Instruments Corporation
- Seller
- UI Acquisition Holding Co.
- Industry
- Manufacturing
- Location
- New York, United States
- Type
- Buyout
Delta Electronics, through its subsidiary Delta International Holding Limited B.V., agreed to acquire UI Acquisition Holding Co., the owner of Universal Instruments Corporation, for approximately US$88.9 million. The acquisition brings Universal's precision automation solutions and R&D to Delta to strengthen its smart manufacturing capabilities for the electronics industry; Universal will continue to operate under its existing management.
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December 17, 2021
- Buyer
- Arizona Natural Resources, CORE Industrial Partners
- Target
- HealthSpecialty
- Industry
- Manufacturing
- Location
- California, United States
- Type
- Addon
CORE Industrial Partners’ portfolio company Arizona Natural Resources (ANR) has acquired HealthSpecialty, a Santa Fe Springs, California-based contract manufacturer of premium skin, body and hair care products. The add-on expands ANR’s manufacturing footprint, R&D/formulation capabilities and product portfolio in the premium skincare and personal care markets.
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December 17, 2021
- Buyer
- Arsenal Capital Partners, Seal For Life Industries
- Target
- Mascoat Ltd., Verdia, Inc.
- Industry
- Manufacturing
- Location
- Texas, United States
- Type
- Addon
Arsenal Capital Partners’ industrial coatings platform, Seal For Life Industries, acquired two specialty coatings businesses—Mascoat Ltd. and Verdia, Inc.—to expand its global product offering in thermal insulation, anti-condensation, sound damping and polymer flooring systems. Both targets are privately held U.S. manufacturers based in Texas and will be integrated into the Seal For Life platform to broaden capabilities and market reach.
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December 17, 2021
- Buyer
- Meta Platforms Inc.
- Target
- ImagineOptix Corp.
- Industry
- Manufacturing
- Location
- United States
- Type
- Buyout
Meta Platforms has acquired ImagineOptix Corp., a developer and manufacturer of thin, lightweight LCP optics for augmented and virtual reality displays. Terms and timing were not disclosed; the purchase strengthens Meta's VR/AR display capabilities (Reality Labs/Oculus) by adding ImagineOptix's optics, eye-tracking and roll-to-roll manufacturing know-how.
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December 17, 2021
- Buyer
- Trident Solutions, Inc., River Associates Investments
- Target
- LEM Products, Inc.
- Industry
- Manufacturing
- Location
- Pennsylvania, United States
- Type
- Addon
Trident Solutions, a Sherman, Texas-based portfolio company of River Associates Investments, acquired LEM Products, Inc., a Montgomeryville, Pennsylvania manufacturer of industrial identification products. The deal — an add-on to Trident's safety marking and identification platform — expands Trident's product breadth and manufacturing capabilities across infrastructure, OEM, and government end markets.
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December 16, 2021
- Buyer
- Vertellus, Pritzker Private Capital
- Target
- Jarchem Innovative Ingredients
- Industry
- Manufacturing
- Location
- New Jersey, United States
- Type
- Addon
Indianapolis-based Vertellus has acquired Jarchem Innovative Ingredients, a Newark, New Jersey manufacturer and supplier of specialty, nature-based ingredients. The deal expands Vertellus' portfolio in nature-based and environmentally friendly ingredients for personal care, food and specialty industrial markets; Vertellus is PE-backed by Pritzker Private Capital.
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December 16, 2021
- Buyer
- Milton Street Capital
- Target
- Woodsage LLC
- Industry
- Manufacturing
- Location
- Ohio, United States
- Type
- Buyout
Houston-based private equity firm Milton Street Capital has acquired Woodsage LLC, a Holland, Ohio manufacturer of specialty steel rollers and conveyor components. The acquisition is a platform investment to expand Milton Street's presence in material handling and capitalize on growth driven by e-commerce, automation, and distribution infrastructure needs.
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December 16, 2021
- Buyer
- Solve Industrial Motion Group, Audax Private Equity
- Target
- Bearings Limited, Tritan (brand)
- Seller
- Owners of Bearings Limited (family ownership)
- Industry
- Manufacturing
- Location
- New York, United States
- Type
- Addon
Solve Industrial Motion Group, a portfolio company of Audax Private Equity, has acquired Bearings Limited and its Tritan brand. The add-on expands Solve's manufacturing and distribution footprint across North America, adding more than 25,000 Tritan products and six regional stocking locations to the Solve platform.
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December 16, 2021
- Buyer
- Omega Optical Holdings, LLC, Artemis Capital Partners
- Target
- Evaporated Metal Films Corp., Optometrics Corporation
- Seller
- Dynasil Corporation of America, Inc.
- Industry
- Manufacturing
- Location
- United States
- Type
- Addon
Omega Optical Holdings, a precision optics platform backed by Artemis Capital Partners, has acquired Evaporated Metal Films Corp. (EMF) and Optometrics Corporation from Dynasil Corporation of America. The transactions expand Omega’s thin-film coatings and diffractive optics capabilities — adding large-area thin-film deposition capacity and ruled/holographic grating technologies to the platform.
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