Manufacturing Acquisitions in 2023
Acquisition Volume in Manufacturing in 2023 by Year
Last 5 years
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December 28, 2023
- Buyer
- Kadant Inc.
- Target
- Key Knife, Inc.
- Industry
- Manufacturing
- Location
- Oregon, United States
- Type
- Buyout
Kadant Inc. has agreed to acquire Key Knife, Inc. and certain affiliates for approximately $156 million in cash, with the deal expected to close in early January 2024. Key Knife, headquartered in Tualatin, Oregon, (141 employees, ~$65M trailing twelve-month revenue) will become part of Kadant's Industrial Processing segment; the acquisition will be financed primarily through borrowings under Kadant's revolving credit facility.
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- Buyer
- Praesidian Capital
- Target
- Reel Power International
- Industry
- Manufacturing
- Location
- Oklahoma, United States
- Type
- Growth capital
Praesidian Capital, a private equity firm based in Oklahoma City, announced a strategic equity investment in Reel Power International, a manufacturer of capital equipment for material handling and control serving industrial, marine, and energy markets. The investment is intended to support Reel Power's growth initiatives and product development while partnering with management to expand the business.
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December 27, 2023
- Buyer
- Avnan Capital
- Target
- Allied Components International
- Seller
- Shareholders of Allied Components International
- Industry
- Manufacturing
- Location
- California, United States
- Type
- Buyout
Avnan Capital has acquired Allied Components International (ACI), a Foothill Ranch, California-based designer and manufacturer of magnetic electronic components. The transaction closed on December 4, 2023; Avnan plans to grow the business with industry veterans joining to manage and scale the new portfolio company.
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December 22, 2023
- Buyer
- Leonard Green & Partners
- Target
- TenCate Grass Holding B.V.
- Seller
- Crestview Partners, Select other shareholders
- Industry
- Manufacturing
- Location
- Netherlands
- Type
- Buyout
Affiliates of Leonard Green & Partners (LGP) will acquire a majority stake in TenCate Grass Holding B.V., purchasing shares from Crestview Partners and select other shareholders. TenCate's senior management will remain invested and continue to lead the company; the transaction advances LGP's entry into the sports and outdoor living surfaces market and is expected to close in February 2024 (terms undisclosed).
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December 22, 2023
- Buyer
- Spectra Systems Corporation
- Target
- Cartor Security Printers
- Industry
- Manufacturing
- Location
- United Kingdom
- Type
- Buyout
Spectra Systems Corporation completed the acquisition of Cartor Security Printers on 22 December 2023. The purchase expands Spectra's presence in the polymer banknote substrate market and gives Spectra new channels to sell its banknote authentication and brand-protection technologies through Cartor's customer base across the UK, France and more than 180 postal and government administrations.
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December 21, 2023
- Buyer
- Monomoy Capital Partners
- Target
- Waupaca Foundry, Inc.
- Seller
- Proterial, Ltd.
- Industry
- Manufacturing
- Location
- Wisconsin, United States
- Type
- Buyout
Monomoy Capital Partners has signed a definitive agreement to acquire Waupaca Foundry, Inc., North America's leading supplier of cast and machined iron castings, from Proterial, Ltd.; the transaction closed in early 2024. Headquartered in Waupaca, Wisconsin, Waupaca Foundry employs approximately 4,000 people and serves automotive, industrial machinery, agriculture and construction end markets; Monomoy says it will partner with existing management to drive growth and operational improvements.
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December 21, 2023
- Buyer
- Oxbo International
- Target
- Westside Equipment Company
- Seller
- Hanover Partners, Greyrock Capital Group
- Industry
- Manufacturing
- Location
- California, United States
- Type
- Buyout
Oxbo International, a global specialty agricultural equipment manufacturer, has acquired Westside Equipment Company, a Madera, California-based maker of specialty harvesting equipment and aftermarket parts and service. Prestwick advised Westside and its private equity sponsors Hanover Partners and Greyrock Capital Group on the undisclosed transaction, which expands Oxbo's capabilities and presence in specialty/permanent crop harvesting markets.
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December 20, 2023
- Buyer
- ProA Capital
- Target
- Acrylicos Vallejo
- Seller
- Alexander Vallejo
- Industry
- Manufacturing
- Location
- Catalonia, Spain
- Type
- Buyout
Spanish private equity firm ProA Capital has agreed to acquire roughly 70% of acrylic paint manufacturer Acrylicos Vallejo in a share purchase valuing the company at about €50 million. The deal leaves founder Alexander Vallejo with just over 20% and brings management into the shareholder base; ProA said it will support international expansion and strengthen the online sales channel.
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December 20, 2023
- Buyer
- Sweet Tooth Enterprises, LLC, Monument MicroCap Partners, LLC
- Target
- Inter Molds Inc.
- Industry
- Manufacturing
- Location
- New York, United States
- Type
- Addon
Monument MicroCap Partners-backed portfolio company Sweet Tooth Enterprises has acquired Inter Molds Inc., an aluminum mold-maker based in Bay Shore, New York. The add-on expands Sweet Tooth's Aztec division with in-house toolmaking capabilities and increased CNC machining capacity; it is Sweet Tooth's first add-on since Monument's October 2023 recapitalization.
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December 20, 2023
- Buyer
- ASKO Holding, Başak Traktör Tarim Ziraat Ve Iş Makinalari Sanayi Ticaret A.Ş.
- Target
- Buhler Industries Inc.
- Seller
- Combine Factory Rostselmash Ltd.
- Industry
- Manufacturing
- Location
- Manitoba, Canada
- Type
- Buyout
ASKO Holding, through its wholly-owned subsidiary Başak Traktör, has agreed to acquire approximately 96.7% of the common shares of Buhler Industries Inc. and purchase outstanding debt owed to Rostselmash for an aggregate cash consideration of CAD$60.5 million. The deal, which purchases shares from Combine Factory Rostselmash Ltd., is intended to support ASKO's expansion into the North American agricultural equipment market and is expected to close by year-end or early January 2024.
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December 20, 2023
- Buyer
- Opta Group, Speyside Equity Advisers
- Target
- Anker Industries
- Seller
- Continuim Equity Partners
- Industry
- Manufacturing
- Location
- Pennsylvania, United States
- Type
- Addon
Opta Group, a portfolio company of Speyside Equity Advisers, acquired Anker Industries effective December 20, 2023. The add-on expands Opta's specialty metallurgical additives, aluminum recycling and clean-steel product offerings and builds on Opta's recent recapitalization to broaden capabilities across metallurgical, glass and concrete end markets.
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December 19, 2023
- Buyer
- Sentinel Capital Partners
- Target
- Online Labels Group
- Seller
- Tenex Capital Management
- Industry
- Manufacturing
- Location
- Florida, United States
- Type
- Recapitalization
Sentinel Capital Partners completed a recapitalization of Online Labels Group, acquiring the label converter and flexible packaging business from Tenex Capital Management. Online Labels Group — which operates five U.S. manufacturing facilities and is headquartered in Sanford, Florida — provides pressure-sensitive labels, shrink sleeves and flexible packaging to a wide range of SMB and enterprise customers; the transaction supports a sponsor-to-sponsor transition and continued growth initiatives.
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December 19, 2023
- Buyer
- Sentinel Capital Partners
- Target
- High Bar Brands, LLC
- Seller
- Heartwood Partners Fund III, LP, Heartwood Partners
- Industry
- Manufacturing
- Location
- Minnesota, United States
- Type
- Buyout
Sentinel Capital Partners has acquired High Bar Brands, LLC, the Owatonna, Minnesota-based manufacturer and distributor of heavy-duty truck and trailer components and branded aftermarket products. Heartwood Partners (Heartwood Partners Fund III, LP) exited its investment; terms were not disclosed. High Bar operates iconic brands including Minimizer, Premier Mfg., Dieter's Accessories, Panelite, and Viking with ~225 employees across six facilities.
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December 19, 2023
- Buyer
- ACT Entertainment
- Target
- tvONE
- Industry
- Manufacturing
- Location
- Ohio, United States
- Type
- Buyout
ACT Entertainment has acquired tvONE, a Cincinnati-based video processing, signal distribution, and media playback solutions manufacturer. The deal brings video-equipment manufacturing capabilities into ACT's entertainment product portfolio and expands its reach into professional AV, broadcast, and live-event markets.
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December 18, 2023
- Buyer
- Rudolph Capital
- Target
- Chemart Company
- Industry
- Manufacturing
- Location
- Rhode Island, United States
- Type
- Buyout
Rudolph Capital has acquired Chemart Company, a Lincoln, Rhode Island-based custom manufacturer of premium brass Christmas ornaments. Chemart, known as the exclusive maker of the White House Christmas ornament and with over 150 employees, will be supported by Rudolph Capital to pursue its next stage of growth.
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December 18, 2023
- Buyer
- Hop Lun, Platinum Equity
- Target
- Rainbow West Apparel (RW Designs)
- Industry
- Manufacturing
- Location
- California, United States
- Type
- Addon
Hop Lun, a Platinum Equity portfolio company and global designer/manufacturer of intimate apparel and swimwear, has acquired Rainbow West Apparel (RW Designs), a Los Angeles–based woman- and minority-owned private-label swimwear design house. The acquisition expands Hop Lun's U.S. sample, design and private-label capabilities and is an add-on to the Hop Lun platform to better serve retail partners with shorter lead times and greater flexibility.
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December 18, 2023
- Buyer
- The Krones Group
- Target
- R+D Automation (formerly R+D Custom Automation)
- Industry
- Manufacturing
- Location
- Wisconsin, United States
- Type
- Buyout
The Krones Group acquired R+D Automation (formerly R+D Custom Automation) in 2022, bringing the Wisconsin-based specialist in life‑sciences automation into Krones’ global portfolio. R+D is rebranded as R+D Automation and is leveraging Krones’ international footprint and resources to expand installations, service and sales in the medical, pharmaceutical and biotech markets.
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- Buyer
- Samyang Holdings
- Target
- Verdant Specialty Solutions
- Seller
- OpenGate Capital
- Industry
- Manufacturing
- Location
- Texas, United States
- Type
- Buyout
Samyang Holdings has acquired U.S.-based specialty chemical manufacturer Verdant Specialty Solutions from private equity firm OpenGate Capital for approximately USD 250 million. Verdant — a Texas-headquartered supplier of amphoteric and non-ionic surfactants with ~USD 210M revenue and roughly 300 employees — will become a subsidiary to strengthen Samyang's specialty chemicals capabilities and support its global expansion.
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December 18, 2023
- Buyer
- Motorola Solutions
- Target
- IPVideo
- Industry
- Manufacturing
- Location
- New York, United States
- Type
- Buyout
Motorola Solutions has acquired IPVideo, the creator of the HALO Smart Sensor, a multifunctional non-video safety and security sensor. The acquisition adds a privacy-preserving, real-time threat detection sensor to Motorola Solutions' physical security and public-safety product ecosystem to extend detection capabilities into environments where cameras are not suitable.
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December 15, 2023
- Buyer
- Aion Therapeutic Inc.
- Target
- Toppen Health Inc.
- Seller
- Toppen shareholders
- Industry
- Manufacturing
- Location
- Florida, United States
- Type
- Buyout
Aion Therapeutic Inc. completed the acquisition of all outstanding shares of Toppen Health Inc., a Sanford, Florida-based manufacturer of water filtration systems, pursuant to share purchase agreements dated October 2023. The transaction was satisfied by the issuance of CAD $10,000,000 in common shares and includes a potential US $2,000,000 earn-out tied to revenue targets; Toppen operates a 7,500 sq-ft manufacturing facility and has eight employees.
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December 15, 2023
- Buyer
- Plastifab Industries Inc., Regimen Equity Partners
- Target
- MoldPro Inc.
- Seller
- Gary Barnard
- Industry
- Manufacturing
- Location
- New Hampshire, United States
- Type
- Addon
Plastifab Industries, a portfolio company of Regimen Equity Partners, has acquired MoldPro Inc., an injection molding business based in Swanzey, New Hampshire, from owner Gary Barnard. The acquisition expands Plastifab's injection molding capabilities and strengthens its footprint in the United States as part of a broader strategy to diversify and enhance its plastics manufacturing services.
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December 14, 2023
- Buyer
- Kymera International, Palladium Equity Partners, LLC
- Target
- Metallisation Limited
- Industry
- Manufacturing
- Location
- United Kingdom
- Type
- Addon
Kymera International, a Palladium Equity Partners-backed specialty materials and surface technologies company, has acquired Metallisation Ltd., a UK-based leader in thermal spray equipment and consumables. The add-on will expand Kymera's Surface Technologies division capabilities and strengthen its equipment, materials and application services offering for aerospace, medical and industrial customers across the UK and Europe.
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December 14, 2023
- Buyer
- Generation Growth Capital
- Target
- Federal Tool & Engineering, BP Metals, Rockford Specialties
- Seller
- David Tomczek (owner of Federal Tool & Engineering), Blake Pendzimas (owner of BP Metals), Lisa Stankey (co-owner/president of Rockford Specialties)
- Industry
- Manufacturing
- Location
- United States
- Type
- Addon
Generation Growth Capital (GGC) launched a metal manufacturing platform called American Consolidated Metals by acquiring three regional metal fabricators: Federal Tool & Engineering (West Bend, WI), BP Metals (Isanti, MN) and Rockford Specialties (Rockford, IL). GGC intends to create a collaborative, one-stop metal fabrication platform to expand capacity, cross-sell capabilities and serve OEM customers across industrial, foodservice and consumer end markets.
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December 14, 2023
- Buyer
- Le Sueur Incorporated, Delos Capital, Silverfern, Ironwood Capital, Genesis Park
- Target
- Craft Pattern and Mold
- Seller
- Tony Cremers, Lisa Cremers
- Industry
- Manufacturing
- Location
- Minnesota, United States
- Type
- Addon
Le Sueur Incorporated (LSI), a portfolio company of Delos Capital, completed the acquisition of Craft Pattern and Mold, a Montrose, Minnesota-based rapid prototyping and precision metal and plastics component manufacturer. The transaction was supported by equity from Silverfern and debt/equity from Ironwood Capital and Genesis Park, and is intended to expand LSI's capabilities and provide an end-to-end manufacturing offering.
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December 14, 2023
- Buyer
- IDEX Corporation
- Target
- STC Material Solutions
- Seller
- Artemis
- Industry
- Manufacturing
- Location
- Vermont, United States
- Type
- Buyout
IDEX Corporation agreed to acquire STC Material Solutions, an advanced materials and technical ceramics manufacturer headquartered in St. Albans, Vermont, from Artemis. The transaction (cash consideration of $206 million, subject to adjustments) expands IDEX's material science and manufacturing capabilities and will include STC in IDEX's Health & Science Technologies segment.
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December 13, 2023
- Buyer
- DBW Holdings, L.L.C., Granite Creek Capital Partners, L.L.C., Canterbury Ventures, L.L.C., Hidden River Strategic Capital, Muzinich BDC, Inc.
- Target
- Peak Toolworks
- Industry
- Manufacturing
- Location
- Indiana, United States
- Type
- Addon
DBW Holdings, parent of Diamond Blade Warehouse, acquired Peak Toolworks in a deal completed with private investors Granite Creek Capital Partners and Canterbury Ventures, with financing from Hidden River Strategic Capital and Muzinich BDC, Inc. Peak Toolworks will join DBW under the DBW Holdings umbrella and continue to operate as a separate business, expanding DBW's product and service offerings across infrastructure, construction, automotive and manufacturing end markets.
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December 12, 2023
- Buyer
- RØDE Microphones LLC
- Target
- Loud Audio, LLC (Mackie)
- Seller
- Transom Capital Group
- Industry
- Manufacturing
- Location
- Washington, United States
- Type
- Buyout
RØDE Microphones has acquired Loud Audio, LLC (the Mackie brand) from Transom Capital Group. The strategic purchase combines Mackie's pro-audio product portfolio with RØDE's manufacturing and technology capabilities to accelerate product development and expand market reach.
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December 11, 2023
- Buyer
- ISCO Industries, Inc.
- Target
- Infinity Plastics
- Seller
- Infinity Plastics, Andy Zipperer
- Industry
- Manufacturing
- Location
- Wisconsin, United States
- Type
- Buyout
ISCO Industries, Inc. has acquired substantially all of the assets of Infinity Plastics, a Mayville, Wisconsin manufacturer of fabricated HDPE piping products. The asset purchase expands ISCO's U.S. footprint and manufacturing capacity, adding a strategic production location to support increased customer demand across multiple piping end markets.
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- Buyer
- Bulldog Factory Automation, Huizenga Group Automation (Huizenga Group)
- Target
- Spectrum Automation Company
- Seller
- Tom Zimmerman
- Industry
- Manufacturing
- Location
- Michigan, United States
- Type
- Addon
Huizenga Group Automation’s portfolio company Bulldog Factory Automation has acquired Spectrum Automation Company, a Livonia, Michigan-based designer and manufacturer of parts feeding and material handling systems. The deal brings Spectrum’s 24,600 sq. ft. facility and decades of experience (founded 1969) into the Huizenga automation platform as an add-on to expand capabilities across automotive, medical and food & beverage end markets.
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December 11, 2023
- Buyer
- Crossplane Capital
- Target
- Hynes Industries
- Industry
- Manufacturing
- Location
- Ohio, United States
- Type
- Recapitalization
Dallas-based private equity firm Crossplane Capital completed a recapitalization of Hynes Industries alongside CEO Rick Organ and the company's leadership team. Hynes, a Youngstown, Ohio-headquartered manufacturer of precision roll-formed metal parts with additional facilities in Painesville, Ohio and Kokomo, Indiana, will receive investments to expand capacity and capabilities to support growth across automated material handling, truck trailer, solar and other industrial end markets.
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December 8, 2023
- Buyer
- Surge Private Equity, LLC
- Target
- Coastal Amusements, Inc.
- Industry
- Manufacturing
- Location
- New Jersey, United States
- Type
- Buyout
Dallas-based Surge Private Equity closed a majority investment in Coastal Amusements, Inc., a Lakewood, New Jersey designer, manufacturer and importer of coin-operated ticket and prize redemption games. NorthCoast Mezzanine and Minnesota Bank & Trust provided financing for the transaction, with BakerHostetler and Moss Adams advising and CoView Capital acting as Coastal's advisor. Surge said the partnership will support product development, growth initiatives and continued management continuity (founders Sal and Lenny will remain with the company).
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December 8, 2023
- Buyer
- Ambassador Supply
- Target
- Ideal Steel
- Industry
- Manufacturing
- Location
- Louisiana, United States
- Type
- Buyout
Ambassador Supply, a Fort Wayne, Indiana–based investment and management company in the residential and commercial construction sector, has acquired Ideal Steel, a Broussard, Louisiana manufacturer of components and pre-engineered steel buildings founded in 2002. The acquisition expands Ambassador Supply's portfolio and provides Ideal Steel with broader market access and collaboration opportunities; financial terms were not disclosed.
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December 8, 2023
- Buyer
- Onward Capital, Merit Capital Partners
- Target
- PFI InStore
- Seller
- Capital For Business, Konza Valley Capital, Inc., MidStates Capital L.P., Diamond State Ventures, Northcreek Mezzanine
- Industry
- Manufacturing
- Location
- Missouri, United States
- Type
- Buyout
Onward Capital and Merit Capital Partners acquired PFI InStore, a St. Louis–area designer and manufacturer of retail point-of-purchase displays and store fixtures. The transaction transfers ownership from a group of prior financial sponsors and positions PFI for operational enhancements, continued acquisitions, and expansion into new end markets.
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December 7, 2023
- Buyer
- Ecopol S.p.A.
- Target
- JRF Technology LLC
- Industry
- Manufacturing
- Location
- Florida, United States
- Type
- Growth capital
Italian film producer Ecopol S.p.A. completed a strategic investment in Tampa-based JRF Technology LLC to strengthen its R&D capabilities in water‑soluble polymer and edible film technologies. JRF will continue to be led by its founders and serve as Ecopol's U.S. R&D Center of Excellence, supporting commercialization across end markets including personal care, healthcare and home care.
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December 7, 2023
- Buyer
- Candler Industries, Inc.
- Target
- R&F Industries, Inc.
- Industry
- Manufacturing
- Location
- Texas, United States
- Type
- Buyout
Candler Industries, Inc. acquired R&F Industries, Inc., a Luling, Texas-based developer and manufacturer of specialty oilfield and mining chemicals. The deal, advised by Generational Equity, closed on December 7, 2023 and brings R&F's clay control blends, lubricants, scale inhibitors and other additives into Candler's portfolio to expand its specialty-chemicals capabilities for drilling and mining markets.
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December 6, 2023
- Buyer
- Woodings Industrial Corporation, Munroe Inc., Ironwood Capital
- Target
- Superior Machine Company of South Carolina, Inc.
- Industry
- Manufacturing
- Location
- South Carolina, United States
- Type
- Buyout
Woodings Industrial Corporation and affiliated company Munroe Inc., with financing from Ironwood Capital, acquired 100% of Superior Machine Company of South Carolina, Inc., a Florence, South Carolina-based provider of melt‑shop equipment manufacturing and field services. The deal adds electric arc furnace and continuous casting capabilities to Woodings’ portfolio and will allow Superior to operate independently under the Woodings Industrial group while supporting accelerated growth and expanded North American market coverage.
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- Buyer
- Hidden Harbor Capital Partners
- Target
- Teckrez, LLC
- Industry
- Manufacturing
- Location
- Florida, United States
- Type
- Recapitalization
Hidden Harbor Capital Partners made a strategic investment in Teckrez, LLC, a Jacksonville-based supplier of tackifier resins and acrylic monomer solutions, with the transaction closing on November 30, 2023. Founder Tom Eckhardt will remain an investor and serve on the board; Capital Dynamics provided financing and advisors on both sides supported the deal. Terms were not disclosed.
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December 6, 2023
- Buyer
- Andra Tech Group, Equistone
- Target
- Lemmens Metaalbewerking
- Industry
- Manufacturing
- Location
- North Brabant, Netherlands
- Type
- Addon
Andra Tech Group, a portfolio company backed by Equistone, has acquired Netherlands-based Lemmens Metaalbewerking. The undisclosed deal brings c.40 employees and large-scale milling and post-processing capabilities into Andra’s platform, further expanding its manufacturing footprint in the Netherlands.
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December 5, 2023
- Buyer
- Blackstone Energy Transition Partners
- Target
- Power Grid Components, Inc.
- Seller
- Shorehill Capital LLC
- Industry
- Manufacturing
- Location
- Alabama, United States
- Type
- Buyout
Blackstone Energy Transition Partners closed the acquisition of Power Grid Components, Inc. (PGC) from Shorehill Capital LLC on November 30, 2023. PGC is a U.S. designer and manufacturer of critical electrical grid components (switchgear, insulators, and instrument transformers); Blackstone said the purchase supports its energy-transition strategy to modernize and harden the electrical grid while scaling PGC's platform.
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December 5, 2023
- Buyer
- DwyerOmega, Arcline Investment Management
- Target
- Automation Components, Inc.
- Seller
- Troy Schwenn
- Industry
- Manufacturing
- Location
- Wisconsin, United States
- Type
- Addon
DwyerOmega, a portfolio company of Arcline Investment Management, has acquired Automation Components, Inc. (ACI), a Middleton, Wisconsin-based designer and manufacturer of sensors and instrumentation for building automation, data centers, and indoor air quality markets. The acquisition expands DwyerOmega's product portfolio and manufacturing capabilities in the building automation and environmental sensing markets.
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December 5, 2023
- Buyer
- Praesidian Capital
- Target
- Action Target Inc.
- Industry
- Manufacturing
- Location
- Utah, United States
- Type
- Growth capital
Praesidian Capital made a strategic equity investment in Action Target Inc., a Provo, Utah–based provider of shooting range solutions and services. The investment (Praesidian previously provided debt financing in 2016) will support Action Target’s aggressive growth strategy and expansion into new markets, while Praesidian brings private equity resources and industry experience.
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- Buyer
- CF Industries Holdings, Inc.
- Target
- Waggaman ammonia production facility
- Seller
- Incitec Pivot Limited
- Industry
- Manufacturing
- Location
- Louisiana, United States
- Type
- Divestiture
CF Industries Holdings, Inc. completed the acquisition of Incitec Pivot Limited's Waggaman, Louisiana ammonia production facility and related assets for $1.675 billion, with approximately $425 million allocated to a long-term ammonia offtake agreement. CF Industries will supply up to 200,000 tons per year to IPL’s Dyno Nobel business, expects operational and logistics optimization from integrating the site, and plans to accelerate carbon capture and sequestration projects to increase low‑carbon ammonia production.
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November 30, 2023
- Buyer
- KB Components
- Target
- QT Industries, LLC (dba QT Manufacturing)
- Industry
- Manufacturing
- Location
- Texas, United States
- Type
- Buyout
Sweden-based KB Components has acquired QT Industries, LLC (dba QT Manufacturing), a Dallas-area contract manufacturer specializing in plastic injection molding and precision CNC machining. The acquisition expands KB Components' North American footprint and strengthens its presence in the Dallas/Fort Worth region.
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November 30, 2023
- Buyer
- Paladin Holdings LLC, Makai Capital Partners, Capital For Business, Inc., Konza Valley Capital, Inc.
- Target
- Texize, Inc.
- Seller
- Steve Gilliam
- Industry
- Manufacturing
- Location
- South Carolina, United States
- Type
- Addon
Paladin Holdings LLC, a portfolio company backed by Makai Capital Partners (with equity from Capital For Business, Inc. and Konza Valley Capital, Inc.), has acquired Texize, Inc., a Greenville, South Carolina-based manufacturer of industrial and commercial cleaning products. The deal is an add-on to Paladin's industrial products portfolio intended to strengthen product offerings and increase production capacity across Texize's regional customer base.
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November 29, 2023
- Buyer
- Brook + Whittle
- Target
- FlexoOne, InStockLabels.com
- Industry
- Manufacturing
- Location
- Utah, United States
- Type
- Buyout
Brook + Whittle, a North American label and flexible packaging manufacturer, has acquired Salt Lake City-based FlexoOne and its eCommerce arm InStockLabels.com. The deal expands Brook + Whittle's eCommerce offerings and strengthens its manufacturing and service footprint in the Mountain West.
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November 28, 2023
- Buyer
- Cooper Machinery Services, Arcline Investment Management
- Target
- Terrecorp, LLC
- Industry
- Manufacturing
- Location
- Indiana, United States
- Type
- Addon
Cooper Machinery Services, a portfolio company of Arcline Investment Management, has acquired Terrecorp, LLC, a manufacturer of aluminum, bronze and steel-backed bearing shells and bushings based in Indianapolis, Indiana. The acquisition expands Cooper's product offering and manufacturing capabilities for reciprocating engines and compression systems, strengthening its position in the mission-critical compression and engine systems market.
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November 28, 2023
- Buyer
- LFM Capital
- Target
- SisTech Manufacturing
- Industry
- Manufacturing
- Location
- Oregon, United States
- Type
- Buyout
LFM Capital, a Nashville-based private equity firm focused on lower middle market manufacturing and industrial services, has invested in SisTech Manufacturing, a Bend, Oregon-based contract manufacturer of high-complexity printed circuit board assemblies (PCBAs). The investment makes SisTech the sixth platform company in LFM's third fund and is intended to support growth and operational expansion in defense, aerospace, industrial, and consumer end markets.
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- Buyer
- Emko Capital, Route 2 Capital Partners
- Target
- Confidential Live Events Special Effects Manufacturer
- Industry
- Manufacturing
- Location
- United States
- Type
- Buyout
Emko Capital, a manufacturing-focused private equity firm, has acquired a family‑owned live events special effects manufacturer. Emko partnered with Route 2 Capital Partners to provide financing for the transaction; financial terms and the target's name were not disclosed.
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November 27, 2023
- Buyer
- Hartzell Engine Tech, Hartzell Aviation
- Target
- Kelly Aero LLC
- Seller
- Jeffrey Kelly, Kelly family, Neil Clark
- Industry
- Manufacturing
- Location
- Alabama, United States
- Type
- Buyout
Hartzell Engine Tech has acquired Kelly Aero LLC, an aftermarket maker of aircraft magnetos, replacement parts, and ignition harnesses, adding roughly 40 employees and manufacturing capacity in Montgomery, Alabama. Hartzell will evaluate the products in 2024, pursue PMA approval, and plans to rebrand the line as PowerUp Ignition Systems while integrating production into its Montgomery facility and service work at sister company Quality Aircraft Accessories.
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November 27, 2023
- Buyer
- Conductive Containers, Inc., Great River Capital Partners
- Target
- Crestline Plastics, Inc.
- Seller
- Derek Hermann / Hermann family
- Industry
- Manufacturing
- Location
- New Mexico, United States
- Type
- Addon
Conductive Containers, Inc. (CCI), a portfolio company of Great River Capital Partners, has acquired Crestline Plastics, Inc., a thermoformed optics and precision packaging manufacturer based in Albuquerque, New Mexico. Crestline will operate as the CCI–Crestline Division with Derek Hermann continuing as General Manager; the deal expands CCI's capabilities in optics packaging and creates a Southwest hub to better serve Southern California and Mexico.
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