Manufacturing Acquisitions in 2021

Platinum Equity completed the acquisition of Pelican Products, a global designer and manufacturer of high-performance protective cases, rugged gear, and portable lighting systems. Pelican also provides temperature-controlled supply chain and packaging solutions for healthcare and biopharma markets through its Peli BioThermal business. Financial terms of the transaction were not disclosed.

Wisconsin River Partners has acquired solid wood furniture manufacturer Witmer Furniture. The deal closed on Dec. 30, 2021, and former owner Kevin Schlinkmann will remain with the company as president to support continued growth and market share expansion.

Midwest Products & Engineering (MPE-INC) announced it has acquired Racine Metal Fab (RMF), a precision sheet metal fabrication and stamping company. The deal expands MPE’s vertically integrated “Concept to Completion” contract manufacturing capabilities for medical device and technology OEM customers.

Tide Rock acquired CableMaster Corp and Cal Micro Recycling as its 11th and 12th platform investments at the end of 2021. Tide Rock also acquired Plastic Molding Technology (PMT) as an add-on to its plastics injection molding group alongside Pikes Peak Plastics and Altratek, expanding its precision injection-molded components footprint.

Arxada AG has completed the acquisition of Enviro Tech Chemical Services, Inc., effective 22 December 2021. Enviro Tech manufactures proprietary antimicrobial and biocidal products, including peracetic acid-based, environmentally sustainable offerings that will form a new complementary business line within Arxada’s Microbial Control Solutions business. The deal also adds three manufacturing facilities in the United States (Modesto, California; Helena, Arkansas; and Levelland, Texas); financial terms were not disclosed.

Brixey & Meyer Capital (BMC) announced the sale of its portfolio company, Safe-Way Garage Doors, to CapitalWorks, a private equity firm based in Cleveland, Ohio. Safe-Way is a manufacturer and distributor of residential, commercial, and industrial overhead garage doors, with manufacturing in Warsaw, Indiana and distribution centers in Tennessee and Missouri.

GEON Performance Solutions acquired Roscom, Inc., an ISO9001:2015-certified PVC compounding facility headquartered in Croydon, Pennsylvania. The acquisition expands GEON’s flexible PVC compounding capabilities and strengthens service coverage in the Northeastern United States and parts of Canada.

River Associates’ portfolio company Trident Solutions, Inc. acquired LEM Products, Inc., marking Trident’s fourth add-on acquisition. LEM, headquartered in Montgomeryville, Pennsylvania, manufactures industrial identification products such as labels, tags, markers, decals, and signage. The transaction closed on December 17, 2021, and financial terms were not disclosed.

Arsenal Capital Partners’ industrial coatings platform, Seal For Life Industries, acquired Mascoat Ltd. and Verdia, Inc., two privately owned specialty industrial coatings manufacturers. Mascoat (Houston, Texas) makes thermal insulation, anti-condensation, and sound damping coatings, while Verdia (Conroe, Texas) manufactures polymer flooring systems, expanding Seal For Life’s global protective coatings and sealing solutions portfolio.

Vertellus announced the acquisition of Jarchem Innovative Ingredients, a global manufacturer and supplier of specialty and nature-based ingredients. The deal expands Vertellus’ environmentally friendly ingredient portfolio and strengthens its presence in high-growth specialty, personal, home, and health care markets. Vertellus is owned by Pritzker Private Capital and management, and Jarchem was advised by Balmoral Advisors.

Bertram Capital acquired BCI Burke, a manufacturer of commercial play equipment and outdoor recreation solutions headquartered in Fond du Lac, Wisconsin. The investment establishes a new industrial platform for Bertram, with plans to pursue growth through add-on acquisitions, geographic expansion, and new product introductions. Financial terms were not disclosed.

Entegris, Inc. entered into a definitive merger agreement to acquire CMC Materials, Inc. in a cash-and-stock transaction valued at approximately $6.5 billion (enterprise value). CMC Materials shareholders will receive $133.00 in cash plus 0.4506 shares of Entegris common stock per share, and the combination is intended to expand Entegris’ electronic materials and semiconductor CMP solutions portfolio.

North American Kitchen Solutions, Inc. (NAKS), backed by Weinberg Capital Group, acquired Lane Mechanical Inc., a Dallas, Georgia-based commercial kitchen sheet metal fabricator. The deal adds NAKS’s second manufacturing plant and expands its footprint in the Southeast U.S. foodservice market, increasing production capacity and enabling closer integration of fabrication into NAKS’s one-stop-shop ventilation systems offering.

MW Industries acquired Ideal Fasteners, a global manufacturer and supplier of threaded fasteners, with the transaction closing on December 10, 2021. The deal expands MW Industries’ U.S. manufacturing footprint and broadens its catalog of stock, standard, and custom threaded fasteners and engineered components for global distribution. Ideal Fasteners will join MW Components, a division of MW Industries.

High Street Capital announced it has acquired Knight Material Technologies (KMT), formerly Koch Knight, a Koch Engineered Solutions company and subsidiary of Koch Industries. Koch will remain a key customer, while High Street Capital plans to invest in KMT’s technology, innovation, and infrastructure to support growth with the existing management team remaining in place.

OpenGate Capital portfolio company Duraco Specialty Tapes acquired Rayven Inc., a developer and manufacturer of coated functional films, specialty tapes, and release liners. The deal, described as Duraco’s fourth add-on acquisition in 24 months, expands Duraco’s coating capacity, product development capabilities, and addressable end markets. Rayven was acquired from private sellers; financial terms were not disclosed.

River Associates-backed JBC Technologies, Inc. acquired Denver Gasket, Inc. d/b/a Die Cut Technologies, Inc. (DCT), a flexible materials converting and custom die-cutting manufacturer. The deal closed on December 7, 2021 and represents JBC’s first add-on acquisition, expanding its converting capabilities with additional laser cutting, cleanroom production, and rapid prototyping capacity.

Meridian Adhesives Group acquired American Sealants Inc. (ASI), an innovator of product assembly adhesives and sealants headquartered in Fort Wayne, Indiana. Following the transaction, ASI will join Meridian’s Industrial Division, expanding Meridian’s capabilities in product assembly adhesives, sealants, and related packaging solutions.

Saugatuck Capital Company announced the successful sale of its portfolio company Tulip Richardson Manufacturing (TRM). TRM is a vertically integrated manufacturer of proprietary and custom injection molding products for industrial and automotive lead-acid replacement battery markets, with facilities in Indiana, New York, and Wisconsin.

BindTech LLC acquired Cleveland-based Steffen Bookbinders Inc., bringing together two former local competitors in the trade book manufacturing and post-press services market. The deal expands BindTech’s national footprint and is expected to generate operational synergies through load sharing and resource collaboration.

SSW Advanced Technologies, LLC ("SSW") announced it has acquired Schott-Gemtron Corporation ("Gemtron"), a manufacturer of specialty glass components and systems used primarily in the North American home appliance industry. Gemtron, headquartered in Sweetwater, Tennessee, expands SSW’s product portfolio and manufacturing capacity across the United States, Mexico, and Canada. Gemtron had been operated since 1989 as a joint venture between SCHOTT AG and AGC Flat Glass North America Inc. (a subsidiary of AGC Inc.).

Blue Point Capital Partners acquired Brimar Industries, a vertically integrated manufacturer and distributor of safety signs, pipe markers, valve tags, and parking and traffic signs. Brimar, headquartered in Garfield, New Jersey, primarily sells through its proprietary e-commerce websites including SafetySign.com and PipeMarker.com.

Pfingsten-backed Quality Valve acquired Griffco Valve, Inc., a provider of back pressure valves, pressure relief valves, and pump system accessories. Griffco is headquartered in Amherst, New York, and will continue operating from its existing facility. The acquisition supports Pfingsten’s strategy to build Quality Valve into a leading specialty flow control platform, with the transaction closing on November 15, 2021.

Fenzi Holdings SPV S.p.A (Fenzi Group) announced the acquisition of Johnson Matthey's Advanced Glass Technologies (AGT) business. AGT provides specialist glass enamels and precious metal pastes used mainly in the automotive sector, and the transaction is expected to close in spring 2022.

Boss Industries, a portfolio company of Wynnchurch Capital, acquired the commercial assets of HIPPO Multipower. HIPPO designs, manufactures, and distributes mobile multipower solutions serving utility, municipal, railroad, and industrial coating end markets.

ALCOM LLC has completed the acquisition of Triton Trailers, a premium aluminum recreational and utility trailer manufacturer. Triton Trailers will continue operating from its Hartford, Wisconsin facility while being integrated into the ALCOM family, supporting ALCOM’s growth strategy and expanding its trailer brand portfolio.

TJM Capital Partners, a private equity investment firm, has acquired Midwest Automation LLC, a manufacturer of industrial machinery used for metal product finishing. Midwest Automation produces equipment for metal deburring, edge rounding, and surface finishing serving sheet metal, plate fabrication, and pipe manufacturing markets. Former president and owner Kenny Holley expressed support for TJM as a partner for Midwest Automation’s next phase of growth.

LaSalle Capital, in partnership with NewSpring Mezzanine and Everside Capital Partners, completed the acquisition of BOF Corporation. BOF, headquartered in Aurora, Illinois, manufactures customized gravity-flow merchandising and patented shelving solutions for retail customers, and CEO James Knorring will continue to lead the company post-transaction.

Sage Park, a global operations-focused acquisition group, completed the acquisition of Craftech EDM Corporation, an advanced manufacturing and engineering company specializing in highly engineered plastic components. Craftech serves medical, life sciences, high-tech, and consumer OEM customers and will continue operating from its facilities in Anaheim, California and Tijuana, Mexico. Transaction terms were not disclosed.

Foam Holdings Inc., a portfolio company of Wynnchurch Capital, announced the acquisition of Fabricated Packaging Materials, Inc. (FPM). Headquartered in Lancaster, Ohio, FPM manufactures and fabricates block molded expanded polystyrene (EPS) products, expanding Foam Holdings’ footprint in its core market and strengthening its material solutions platform.

Capital For Business, Inc. (CFB) completed an investment in Fiberdome Products, LLC ("Fiberdome"), a manufacturer of highly engineered fiberglass products supplied to large OEMs. The investment was made alongside Konza Valley Capital Inc. and The Mendota Group, with CFB providing a subordinated note and equity investment.

Platinum Equity completed the acquisition of Solenis, a global producer of specialty chemicals and services used in water-intensive industries. As part of the deal, Solenis simultaneously merged with Sigura Water, an existing Platinum Equity portfolio company, creating a combined water treatment and pool solutions leader with an implied combined transaction value of approximately $6.5 billion.

MOTIS Brands, a portfolio company of Rotunda Capital Partners, acquired Pier of d'Nort (PDN), a manufacturer of aluminum pier and dock systems. The deal adds PDN’s premium pier products and U.S. manufacturing capabilities in St. Germain, Wisconsin to MOTIS’s portfolio of loading, hauling, storage, and productivity brands.

MPE Partners signed a definitive agreement to sell Bettcher Industries to KKR. Bettcher, headquartered in Birmingham, Ohio, manufactures semi-automated handheld tools, automated equipment, and consumables used in global protein processing plants, and also has a medical device business. Terms of the transaction were not disclosed.

Nova Capital Management Limited acquired Walbro Co. Ltd. through an investment vehicle formed in partnership with Landon Capital Partners. Walbro is a global manufacturer of engine management and fuel systems serving lawn & garden, recreation & marine, and ground support markets. Financial terms were not disclosed.

Tide Rock Holdings has acquired Altratek Plastics, a custom injection molding and tooling company headquartered in Longmont, Colorado. The deal expands Tide Rock’s injection molding capacity and adds robot-assisted automated production capabilities, building on its earlier acquisitions of Pikes Peak Plastics and Plastics Design and Manufacturing (PDM). Dan Kaven, Altratek’s former owner and president, will support the transition alongside incoming CEO Michael Engler.

Safety Products Holdings (SPH), a Bertram Capital portfolio company, announced the acquisition of Slice, Inc., a designer and manufacturer of ceramic blade safety cutting tools. The deal expands SPH’s safety cutting tool portfolio (including Pacific Handy Cutter and Klever Innovations) by adding Slice’s patented technologies and design engineering capabilities; terms were not disclosed.

GSCM Group (Groupe Solfab Constructions Modulaires), recently acquired by Equistone Partners Europe, has acquired the family-owned Daudin Remorques, a manufacturer of rolling shelters and specific trailers. Daudin is headquartered in Cléry-Saint-André in the Centre-Val de Loire region of France and is expected to generate over €15 million of revenue in FY2021. The deal strengthens GSCM’s rolling shelters offering alongside its existing presence in the segment through its subsidiary CNSE and supports an external growth strategy backed by Equistone.

Lief Labs completed a recapitalization through new partnerships with Prairie Capital, Skyline Global Partners, and S2G Ventures, alongside participation from Lief Labs’ management team and founder/CEO Adel Villalobos. The new investors will provide capital and strategic advisory resources to support Lief’s continued growth in dietary supplement formulation, product development, and manufacturing.

LLR Partners announced a growth investment in Genesee Scientific, a manufacturer and distributor serving global life science research markets. The partnership is intended to support Genesee’s continued expansion through investment in its product portfolio, scaling its national footprint, and enhancing service to laboratory customers.

SyBridge Technologies, a Crestview Partners-backed industrial technology company, completed the acquisition of Pyramid Mold and Tool. The deal expands SyBridge’s precision tooling capabilities and geographic footprint in life sciences end-markets, adding a Rancho Cucamonga, California-based manufacturer of multi-cavity plastic injection molding tools.

MPE Partners (Morgenthaler Private Equity) completed a recapitalization of DecoArt, a manufacturer of paints and finishes for arts, crafts, and home decorating applications. The investment was made in partnership with founder Stan Clifford and members of DecoArt’s senior management team, positioning the company for accelerated growth and potential add-on acquisitions. Terms of the transaction were not disclosed.

Plaskolite LLC has signed a definitive agreement to acquire substantially all of the assets of Plazit-Polygal, excluding its Russian operations. The deal expands Plaskolite’s manufacturing capabilities (including multi-wall sheet production) and significantly increases its footprint across North America, Europe, and South America. Following closing, Plazit-Polygal’s headquarters in Kibbutz Gazit, Israel is expected to become Plaskolite’s EMEA headquarters.

DalFort Capital Partners acquired Unichem, Inc., a specialty adhesives and chemicals manufacturer headquartered in Haw River, North Carolina, through its affiliate Key Polymer Holdings, LLC. The acquisition is intended to create strategic and operational synergies between Unichem and Key Polymer and support growth in the specialty chemical segment.

APPLIED Adhesives acquired American Chemical, a regional supplier of adhesives and sealants based in Minneapolis, Minnesota. The transaction expands APPLIED Adhesives’ footprint and strengthens its ability to provide technical expertise and service to customers. Dennis Werneke, the former owner of American Chemical, commented on the sale, and Krahn Capital Group advised American Chemical.

Creation Technologies announced it has completed the acquisition of IEC Electronics Corp. The deal expands Creation’s U.S. manufacturing footprint with additional sites in New York and New Mexico and adds capabilities including precision machining, interconnect (cable and harness), and analytical laboratory testing, strengthening its offering for aerospace & defense and other high-reliability markets.

Verdant Specialty Solutions acquired Baze Chemical, an ethoxylate specialty chemical manufacturer based in Odessa, Texas, to expand Verdant’s surfactants portfolio and U.S. Gulf Coast manufacturing footprint. Baze was acquired from its founder, Curtis Baze, and the deal includes key production and R&D facilities across Texas and the Gulf Coast. The transaction represents Verdant’s second add-on acquisition in six months following its acquisition by OpenGate Capital.

Custom Glass Solutions, LLC (CGS), a glass manufacturer focused on transportation applications, acquired Cameron Glass, Inc. (CamGlass), a tempered glass fabrication company. CamGlass is headquartered in Broken Arrow, Oklahoma and will continue operations under CGS, with Jimmie Cameron staying on as Business Unit Director. CGS is a Stellex Capital Management-backed platform and the deal supports CGS’s strategic growth objectives, though financial terms were not disclosed.

JPW Industries, Inc., a portfolio company of Gamut Capital Management, acquired Axiom Tool Group, a marketer, designer, and distributor of CNC machines and accessories sold under the Axiom brand. The acquisition expands JPW’s portfolio of metalworking and woodworking equipment brands and strengthens its position in the growing CNC market. Transaction terms were not disclosed.

Capital For Business, Inc. (CFB) completed an investment in Advanced Industries, LLC, a government contractor that manufactures aluminum and steel products for the Department of Defense. The financing included subordinated debt and equity, provided alongside Konza Valley Capital, Inc. and the Advanced Industries management team.

Meaningful Partners LLC completed a strategic growth investment in Active Apparel Group (AAG), a socially responsible manufacturer of activewear and swimwear. The investment is intended to support AAG’s expansion and accelerate growth across existing and new markets.

HKW announced the sale of PPA Holding, Inc. ("Protect Plus Air"), a manufacturer of home environment air quality filters, to Freudenberg Filtration Technologies. Protect Plus Air is headquartered in Hickory, North Carolina, and HKW had partnered with the business since September 2017.

WILsquare Capital, a private equity firm based in St. Louis, has completed the acquisition of Rock Energy Systems, LLC. Rock Energy Systems is a Janesville, Wisconsin-based designer, manufacturer, and distributor of engineered heating and air movement solutions, including waste oil furnaces/boilers and industrial fans; transaction terms were not disclosed.

LongWater Opportunities, a Dallas-based private equity firm, announced its acquisition of XCaliber Container, a manufacturer and provider of customizable shipping containers and custom-fabricated container structures. XCaliber Container was founded in 2014 and is led by co-owners Justin Shubert and Brent Isom; the deal represents the first investment from LongWater’s third flagship fund.

Granite Creek Capital Partners LLC, in partnership with Equivu Capital LLC, acquired a majority interest in C&C Manufacturing (formerly Al-jon Manufacturing). Deal terms were not disclosed, and Equivu’s Salvatore Calvino will become CEO following the investment.

Locus Robotics acquired Waypoint Robotics to expand its autonomous mobile robot (AMR) product portfolio for warehouse and fulfillment automation. The deal adds Waypoint’s omnidirectional, heavier-payload robot platforms (including Vector and MAV3K) to address broader warehouse use cases and accelerate innovation.

Calvert Street recapitalized Machine Specialties, Inc. ("MSI") in partnership with MSI’s management team. The investment is intended to support MSI’s organic and acquisitive growth strategy as a manufacturer of complex, mission-critical precision components serving aerospace and defense, medical, packaging, and industrial end markets.

White Wolf Capital Canada Inc. and its affiliates acquired Weatherhaven, a portable infrastructure, base, and shelter solutions provider headquartered in Burnaby, British Columbia. White Wolf is partnering with industry veteran Ray Castelli, who will continue as CEO, to support the company’s growth and U.S. expansion plans. Financial terms of the transaction were not disclosed.

Crestview Partners completed the acquisition of TenCate Grass Holding B.V. from Royal TenCate, which is owned by a consortium led by Gilde Buy Out Partners. TenCate Grass, headquartered in Nijverdal, the Netherlands, is a vertically integrated manufacturer, distributor, and installer of artificial turf solutions for sports and landscaping, and Crestview is investing alongside the existing management team.

ARCH Cutting Tools Corp., an ARCH Global Precision company, announced the acquisition of CONTOUR360, a manufacturer of engineered solid round cutting tools. The deal expands ARCH Cutting Tools’ custom tooling capabilities and strengthens its position serving aerospace, medical, automotive, defense, and industrial manufacturing customers.

Fairbanks Morse Defense (FMD), a portfolio company of Arcline Investment Management, acquired Hunt Valve Company Inc., a specialty manufacturer of naval valves and electromechanical actuators. The deal expands FMD’s marine defense product and service offerings for shipyard, defense, and industrial customers, including support for the U.S. Nuclear Navy. The transaction includes Hunt Valve, the Hunt Valve Actuator Division, MB Valve (Montreal Bronze), and Pima Valve, LLC.

Hyperion Materials & Technologies has acquired GLE Precision, a Michigan-based manufacturer specializing in high-precision small parts and extreme surface finishes and tolerances. The acquisition expands Hyperion’s precision manufacturing capabilities and is expected to broaden the combined offering for customers across industries including waterjet cutting, semiconductors, fiber optics, medical, and aerospace.

Quantic Electronics, a portfolio company of Arcline Investment Management, announced the acquisition of ECI Transcon Technologies. ECI designs, develops, and manufactures custom electromagnetic components, and the deal is intended to establish a new electromagnetic technology platform within Quantic.

Unibloc Pump, a US-based provider of sanitary flow control solutions and a portfolio company of May River Capital, announced the acquisition of Flotronic Pumps, a UK-based manufacturer of specialized air operated double diaphragm (AODD) pumps and accessories. The deal expands Unibloc Pump’s sanitary flow control platform and strengthens both companies’ manufacturing, sales, and distribution footprints across North America and Europe. Terms of the agreement were not disclosed.

Pritzker Private Capital (PPC) announced a growth investment in NAI Group, a privately held manufacturer of high-performance connectivity and interconnect solutions serving telecommunications, industrial, and medical applications. PPC and co-investors are investing alongside NAI’s management team and current family investors, with NAI’s existing leadership continuing to run the business after the transaction.

Polytek Development Corp., a manufacturer of specialty polymers and a portfolio company of Arsenal Capital Partners, announced the acquisition of Specialty Resin & Chemical. Specialty Resin & Chemical, founded in 2007 and based in Dowagiac, Michigan, supplies mold making, casting, and coating products for hobby, DIY, and small business customers. The acquired business will continue operating under its existing name, with owner Daniel Wilson remaining active in the brand.

Edgewater Capital Partners acquired the polymer components business from EnPro Industries, Inc.; financial terms were not disclosed. The acquired business has been renamed Altamira Material Solutions and operates three production sites (two in Texas and one in Pennsylvania) producing custom PTFE and engineered polymer components for end markets including semiconductor, aerospace & defense, oil & gas, and industrial applications.

Gen Cap America acquired Lab Products and Harford Systems in partnership with the existing management team from Avidity Science; financial terms were not disclosed. Lab Products manufactures laboratory research animal housing and care equipment and is headquartered in Seaford, Delaware.

Chauvet & Sons, LLC, a portfolio company of Cortec Group’s Cortec Fund VI, acquired Kino Flo, Inc. on August 30, 2021. Kino Flo designs and manufactures professional lighting equipment for film and broadcast markets and will continue to be led by its founder, Frieder Hochheim. Financial terms were not disclosed.

Exemplis Corporation, a California-based furniture manufacturer, has acquired Future Seating, a Maryland-based provider of ergonomic office and gaming products. The deal adds Future Seating’s brands—X-Chair, Mavix Gaming, and Healthy Back—to Exemplis’ brand portfolio. Both Future Seating and Exemplis’ SitOnIt Seating business will continue to operate independently.

T-H Marine Supplies, LLC acquired the assets of Heartland Global Services, LLC, a supplier of stainless steel marine hardware and related products for recreational boating applications. Heartland will operate as a standalone division of T-H Marine and continue operations at its facility in Angola, Indiana. Financial terms were not disclosed.

Revolution, a manufacturer of sustainable materials and plastic solutions, has acquired Five Points Films, a regional producer of cast hand and machine stretch film. The deal expands Revolution’s national footprint and is intended to broaden its sustainable-loop manufacturing capabilities and environmentally friendly product offering; financial terms were not disclosed.

Lynx Equity, a Toronto-based private equity firm, acquired Yellowhead Wood Products (YWP), a Canadian wood product remanufacturer based in Alberta. YWP had retained MNP Corporate Finance to help run the sale process, and YWP’s management team is expected to remain with the business in ongoing roles.

Cable Manufacturing & Assembly (CMA), a portfolio company of Torque Capital Group, has completed the acquisition of Cablecraft Motion Controls. Cablecraft, headquartered in New Haven, Indiana, designs and manufactures mechanical motion control products serving end markets including heavy truck, engine controls, construction, and agriculture. The deal represents an add-on to the CMA platform as Torque continues building a larger motion controls manufacturing group.

Audax Private Equity acquired a majority stake in Covercraft Industries, a manufacturer of custom vehicle protection products. The investment was made through the purchase of the stake from Century Park Capital Partners, with transaction terms not disclosed. Covercraft is headquartered in Pauls Valley, Oklahoma.

Edgewater Growth Capital Partners IV portfolio company Rensa Filtration, Inc. has acquired Custom Filter, LLC. Custom Filter manufactures air filtration products including high-efficiency filters and HEPA & ULPA filters. The acquisition supports Rensa’s strategy to expand its air filtration product portfolio through continued M&A.

Kohlberg & Company, LLC acquired Myers Emergency Power Systems (Myers EPS), a designer and manufacturer of backup power solutions for emergency lighting. The company was acquired from Graham Partners, which will retain a significant ownership stake, while the existing management team led by CEO John Daly will continue to run the business. Financial terms were not disclosed.

Capital For Business, Inc. (CFB) completed an investment in T-Tek Material Handling, LLC, alongside Holleway Capital Partners and the T-Tek management team. The financing included subordinated debt and equity to support T-Tek’s growth as a designer, manufacturer, and servicer of palletizing, depalletizing, and conveying system solutions for major beverage bottling facilities.

Integrated Polymer Solutions, Inc. (IPS), a portfolio company of Arcline Investment Management, announced the acquisition of Seal Science, Inc. (SSI). Seal Science designs and manufactures engineered elastomeric sealing solutions used in aerospace, naval, medical, and industrial applications, and the deal supports IPS’s strategy to build a world-class materials science business.

LDX Solutions, a portfolio company of Insight Equity Holdings, acquired Western Pneumatics, Inc. (WPI). Headquartered in Eugene, Oregon, WPI fabricates pneumatic and mechanical conveying systems and provides related manufacturing, installation, and maintenance services, expanding LDX’s capabilities in environmental/industrial systems.

HCI Equity Partners sold Power and Composite Technologies, LLC (PCT) to The Gund Company on July 30, 2021; financial terms were not disclosed. Headquartered in Amsterdam, New York, PCT designs, manufactures, and sells custom engineered composite components used across industrial applications including power generation, medical imaging, railcar construction, and oil & gas extraction.

KPS Capital Partners acquired Profile Custom Extrusions, LLC from Highlander Partners, L.P. Profile Custom Extrusions will be combined with KPS’s recently acquired Metra Holding S.p.A. and Metra S.p.A. to form a global aluminum extrusion platform spanning Europe and North America.

Sole Source Capital LLC acquired I.D. Images ("IDI"), a provider of product identification solutions and manufacturer of durable, graphic-intensive labels. The transaction terms were not disclosed, and Sole Source indicated it plans to support IDI’s growth and buy-and-build strategy in a fragmented labeling market.

CentroMotion completed its acquisition of Carlisle Brake & Friction (CBF) from Carlisle Companies Incorporated. Headquartered in Medina, Ohio, CBF manufactures friction materials and mechatronic solutions for off-highway brake and transmission products and will join CentroMotion’s portfolio of industrial and transportation-focused brands. CentroMotion has been wholly owned by an affiliate of One Rock Capital Partners since 2019.

Waterlogic announced the acquisition of Beverage Express Inc., a specialty consumable and commercial point-of-use (POU) water company focused on coffee delivery and POU rentals. Beverage Express is headquartered in Indianapolis and serves customers across the Indianapolis metropolitan area. The deal increases density in Waterlogic’s existing POU operations in Indianapolis and represents Waterlogic Americas’ seventh acquisition of 2021.

Arcline Investment Management acquired a controlling stake in Dwyer Instruments from the Clark family and management. Dwyer Instruments designs and manufactures sensor and instrumentation solutions serving process automation, HVAC, and building automation markets worldwide.

Specialty Products and Insulation (SPI), a portfolio company of Dunes Point Capital, acquired Thermaxx, LLC. Based in West Haven, Connecticut, Thermaxx designs, manufactures, and installs removable insulation covers for commercial end markets and offers patented energy-savings sensors and an insulation asset management system used by facilities across the United States.

Grede signed a definitive agreement to acquire Neenah Enterprises Inc.'s commercial vehicle business and supporting capital assets, select portions of its industrial casting business, and the Advanced Cast Products division in Meadville, Pennsylvania. The deal is expected to close in Q3 2021, and terms were not disclosed. The acquisition expands Grede’s manufacturing capacity and capabilities in commercial vehicle and industrial end markets.

One Equity Partners (OEP) completed the acquisition of a 29% stake in Cicor Technologies Ltd., becoming the Swiss electronic manufacturing services provider’s largest shareholder. The investment is intended to support Cicor’s organic growth and potential strategic acquisitions in the European EMS market.

MPE Partners (Morgenthaler Private Equity) announced an investment in Ideal Aluminum, LLC, a designer and manufacturer of premium aluminum fences, gates, and railings. Entrepreneurs Michael Siegel and Doug Brady will continue to lead the business, with financing for the transaction provided by LBC Credit Partners.

Prototek Holdings LLC completed the acquisition of Midwest Prototyping LLC to expand its digital manufacturing offering with additive (3D) manufacturing capabilities. The transaction closed on July 15, 2021, creating a combined provider of sheet metal, CNC, and additive manufacturing services with an expanded national footprint. Midwest Prototyping founder Steve Grundahl will lead additive manufacturing as Vice President of Additive Manufacturing.

NewCo Plastics, a holding company formed by White Wolf Capital, acquired a majority stake in Hilco Technologies. Hilco provides plastic manufacturing services including thermoplastic and gas-assist injection molding, abrasion resistant hard-coating, and rapid prototyping, operating three plants in Michigan. The deal was described as NewCo Plastics’ first add-on acquisition, and financial terms were not disclosed.

Satori Capital, LLC acquired Formulife, LLC, a developer and specialty contract manufacturer of custom-formulated nutritional supplements. Brookside Capital Partners supported the transaction by providing a unitranche debt facility and an equity co-investment.

On July 15, 2021, Summa Equity acquired G-CON Manufacturing, a designer and builder of prefabricated cleanroom solutions marketed as G-CON PODs. WP Global Partners exited its investment after being active on G-CON’s board since 2018, during which G-CON expanded production capacity to meet growing global demand for off-site built cleanroom infrastructure.

Rallyday Partners made a significant investment in Power Technologies, LLC to complete Power Technologies’ acquisition of Anywhere Cart. Power Technologies, led by founder and CEO Kevin Mitchell, positions Anywhere Cart as a core brand in its commercial mobile power solutions platform serving education, industrial, healthcare, and hospitality customers across the United States.

Accent Wire Tie, a portfolio company of Crossplane Capital, announced the acquisition of Cavert Wire Company. Cavert, founded in 1910 and headquartered in Rural Hall, North Carolina, is a major manufacturer of baling wire for the recycling industry, and the combination is positioned to create North America’s largest supplier of baling wire products and bale packaging equipment.

Wind Point Partners and New Mountain Capital closed a new joint control partnership to acquire Ascensus Specialties, a U.S.-based provider of specialty materials serving life sciences and specialty markets. Ascensus was acquired from a prior Wind Point fund, with Wind Point raising a special purpose vehicle anchored by Blackstone Strategic Partners to reinvest alongside New Mountain and support Ascensus’ continued growth.

Omega Optical Holdings, LLC, a precision optics platform backed by Artemis Capital Partners, has completed the acquisition of Spectral Systems, LLC. Spectral Systems designs and manufactures mission-critical infrared optical coatings, components, and assemblies, expanding Omega’s thin-film and infrared application capabilities. Spectral will continue operating from its facilities in Hopewell Junction, New York; Danbury, Connecticut; and Jaffrey, New Hampshire as part of Omega’s newly formed Omega Infrared division.

Krystal Growth Partners announced the sale of Smith Cameron Group to an unnamed US-based strategic buyer on July 2, 2021. Tom Kramer, who acquired Smith Cameron alongside Krystal in 2011, will remain President under the new ownership.

On July 1, 2021, Cornerstone Capital Holdings acquired Integrated Technologies, Inc. (Intec) from LMI Aerospace, a division of The Sonaca Group. Intec provides manufacturing, assembly, and destructive and non-destructive testing services for composite and thermoplastic aerospace, defense, and space applications. The acquisition expands Cornerstone’s capabilities by adding composite solutions to its existing metallic manufacturing portfolio.