Manufacturing Acquisitions in 2023

Monomoy Capital Partners signed a definitive agreement to acquire Waupaca Foundry, Inc., North America’s leading supplier of cast and machined iron castings. The seller is Proterial, Ltd.; financial terms were not disclosed and the deal is expected to close in early 2024 subject to customary conditions.

Samyang Holdings acquired the management rights of U.S.-based specialty chemical manufacturer Verdant Specialty Solutions from private equity firm OpenGate Capital for approximately USD 250 million. Verdant will be incorporated as a subsidiary of Samyang Holdings, supporting Samyang Group’s strategy to expand its global specialty materials business.

Plastifab Industries Inc., a portfolio company of Regimen Equity Partners, acquired MoldPro Inc., an injection molding business based in Swanzey, New Hampshire. The deal expands Plastifab’s United States footprint and strengthens its injection molding capabilities. Gary Barnard, MoldPro’s previous owner, was acknowledged as the seller.

DBW Holdings, the parent company of Diamond Blade Warehouse, acquired Peak Toolworks, a manufacturer and servicer of diamond and carbide precision cutting tools. The transaction was completed in partnership with Granite Creek Capital Partners and Canterbury Ventures, with additional financing from Hidden River Strategic Capital and Muzinich BDC. Peak will join Diamond Blade Warehouse under the DBW Holdings umbrella as a dual operating business.

ISCO Industries agreed to acquire substantially all of the assets of Infinity Plastics, a manufacturer of fabricated HDPE piping products. The deal expands ISCO’s manufacturing footprint and production capacity, adding a strategic location in Mayville, Wisconsin to better serve customer demand across the U.S. and Canada.

Ambassador Supply has acquired Ideal Steel, a regional manufacturer of components and pre-engineered steel buildings. Ideal Steel is headquartered in Broussard, Louisiana and has over 20 years of experience serving industrial, commercial, agricultural, and residential markets. Financial terms of the deal were not disclosed.

Shorehill Capital LLC has sold Power Grid Components, Inc. to Blackstone Energy Transition Partners, a private equity fund affiliated with Blackstone, in partnership with Power Grid’s existing management team. The acquisition closed on November 30, 2023. Power Grid supplies mission-critical components used on the U.S. electric utility grid, including air-break switches, insulators, and instrument transformers.

May River Capital has acquired RLE Technologies, a Fort Collins, Colorado-based provider of facility environment monitoring, fluid leak detection, and airflow management products. The transaction was described as a platform acquisition for May River focused on environmental monitoring within data center and critical facilities end markets, with debt financing provided by Tree Line Capital Partners.

KB Components, a Swedish industrial group, acquired QT Industries, LLC (doing business as QT Manufacturing), a domestic contract manufacturer specializing in plastic injection molding and precision CNC machining. The deal expands KB Components’ presence in the Dallas/Fort Worth area and adds QT Industries to its global manufacturing portfolio.

Montbleau Holdings, a portfolio company of Crescendo Capital Partners, has completed the acquisition of Buda Woodworks. Westlake served as the exclusive financial advisor to Buda Woodworks on the transaction.

ProMach announced it has acquired Sentry Equipment & Erectors Inc., a manufacturer of conveyor solutions and container handling machines. Sentry, founded in 1980 and headquartered in Forest, Virginia, will join ProMach’s Systems and Integration business line, expanding ProMach’s conveyor and end-of-line packaging equipment portfolio and strengthening its systems integration capabilities.

LDR Growth Partners acquired ATI Corporation, a family-owned manufacturer of compact equipment attachments and precision grading products. The transaction was facilitated by BMI Mergers & Acquisitions, which represented the seller in the sale process. ATI is headquartered in Lancaster County, Pennsylvania.

Ancor Capital Partners’ portfolio company, PMA Industries, acquired United Western Enterprises, Inc., a contract manufacturer specializing in photochemical etching. United Western, headquartered in Camarillo, California, produces thin photochemically etched metal parts and also provides value-added services such as forming, laser welding, heat treating, and metal finishing. The combination expands PMA’s capabilities and scale in photochemical etching across end markets including aerospace, defense, electronics, and medical.

Formerra, LLC, a portfolio company of H.I.G. Capital, has acquired Suministro de Especialidades, a Mexico-based distributor of elastomers, adhesives, resins and performance additives. The deal strengthens Formerra’s engineered materials distribution presence in Mexico and expands its product offerings into elastomers and adhesives with local lab support in Mexico City. Suministro’s founder will join Formerra and remain invested in the business.

Hubbell Incorporated entered into a definitive agreement to acquire Systems Control, a manufacturer of substation control and relay panels and turnkey substation control building solutions. Systems Control has been owned by Comvest Partners since 2018, and the transaction is expected to close by the end of 2023.

Fecon acquired TREEfrogg, a manufacturer of tree-trimming saw attachments for skid steers and compact track loaders. The deal expands Fecon’s right-of-way clearing and vegetation management product offerings by adding TREEfrogg’s trimming saw line designed for small to mid-sized carriers.

Boyne Capital, through an affiliate, has invested in ProFusion Industries, a designer, engineer, and manufacturer of polymer-based film and sheet products. ProFusion is headquartered in Fairlawn, Ohio and serves diversified end markets including hospitality, transportation, military, and industrial applications. The investment is described as Boyne Capital’s most recent platform investment in its BCM Fund II.

Fortress Technology acquired Dynamic Inspection, an in-line food grade metal detector manufacturer headquartered in New Zealand, to establish Fortress’ fourth global manufacturing site. The deal formalizes a long-standing relationship between the companies and is intended to expand local manufacturing capacity and strengthen food safety service and support continuity as Dynamic’s founders retire.

Monument MicroCap Partners, a Midwest-based private equity firm, closed an investment in Sweet Tooth Enterprises, LLC on October 17, 2023. Sweet Tooth, headquartered in Edgewood, New York, provides custom tooling and injection molding services through its Micelli Chocolate Mold and Aztec Tooling & Injection Molding divisions.

ERA Industries acquired i3DMFG, an Oregon-based metal 3D printing (DMLS) services provider. The deal represents an add-on acquisition to ERA’s precision manufacturing platform, which is backed by financial sponsor L Squared Capital Partners, and i3DMFG will continue operating as a distinct business unit within the platform.

OTR International acquired Hoosier Wheel, a manufacturer of standard and custom wheel assemblies for off-the-road applications based near Evansville, Indiana. The deal expands OTR’s U.S. manufacturing footprint and broadens its off-the-road mobility solutions portfolio for OEM and aftermarket customers. OTR International is majority owned by an affiliate of Owner Resource Group, LLC (ORG), and the transaction closed October 1.

Plexus Capital announced an investment in Texwin Metal Buildings, a manufacturer and retailer of portable buildings and custom metal structures operating under the Winslows Custom Buildings brand. Texwin serves customers across Texas, Louisiana, Oklahoma, and Arkansas from its headquarters in Wills Point, Texas.

CERATIZIT S.A., part of the Plansee Group, acquired all shares of Xceliron Corp., a round tool manufacturer specializing in solid carbide cutting tools for aerospace and automotive applications. Xceliron’s founders, Randy Jones and Ric DiOrio, will remain with the business to support integration and continue leading operations as Co-Managing Directors. Financial terms were not disclosed.

Shoei Chemical, Inc. and its North American subsidiary Shoei Electronic Materials, Inc. signed and completed a definitive asset purchase agreement to acquire substantially all assets of Nanosys, Inc.'s quantum dot business. As of September 6, 2023, Nanosys’ sales/marketing team, R&D team, and its Silicon Valley laboratories in California became part of Shoei. Shoei will continue operating the Nanosys brand as a supplier of quantum dot materials for next-generation display technologies.

The Timken Company has acquired Des-Case Corp., a Nashville, Tennessee-based manufacturer of specialty filtration products for industrial lubricants. Des-Case, founded in 1983, is expected to generate about $40 million of revenue in 2023 and employs approximately 120 people. Timken expects the deal to create synergies through complementary product offerings, cross-selling, and international expansion.

Pfingsten acquired Pacific Lasertec (PLT), a manufacturer of specialty lasers and related power supplies, as its latest platform investment. Headquartered in San Marcos, California, PLT serves end markets including medical diagnostics, semiconductors, scientific R&D, advanced manufacturing, and life sciences, and Pfingsten plans to support growth both organically and through add-on acquisitions.

MSouth Equity Partners, in partnership with the company’s management team, completed the acquisition of Engineered Products, LLC. Engineered Products designs, manufactures, and installs structural storage solutions—particularly highly engineered racking structures supporting automated storage and retrieval systems (ASRS)—for warehouses and distribution centers. The company will continue to be led by CEO Tommy Sinclair.

Crenlo Engineered Cabs, a portfolio company of Angeles Equity Partners, sold Taxi Brazil Holdings, B.V., which holds its Brazilian division Crenlo do Brasil, to an affiliate of JOST Werke SE. The divestiture allows Crenlo to focus resources on its North American off-highway vehicle OEM manufacturing operations. Crenlo do Brasil is headquartered in Guaranésia, Minas Gerais and manufactures engineered operator cabs and attachment fabrications for off-highway vehicle markets.

Safe Fleet acquired Merlot Vango Tarping Solutions, a provider of rolling tarpaulin systems for flatbed and platform trailers. The deal expands Safe Fleet Commercial Vehicle Group’s tarp system portfolio and adds Merlot’s installation, aftermarket parts, and service capabilities. Merlot Vango will continue to be managed by its existing leadership team following the acquisition.

Tide Rock has acquired Pro-Active Engineering, a provider of printed circuit board (PCB) design and manufacturing solutions focused on quick-turn prototyping through high-volume production. Pro-Active Engineering will continue to be led by Paul Schwanbeck and its management team from its Sun Prairie, Wisconsin headquarters, strengthening Tide Rock’s EMS/PCB capabilities.

CenterGate Capital announced that an affiliate has made an investment in Poseidon Barge, a manufacturer and rental provider of sectional barges and related equipment used in critical marine infrastructure. Poseidon Barge will continue to be led by President Mary Habegger-Fox, and founder Donnie Fain and Habegger-Fox will retain continued ownership stakes as part of the transaction.

Clark-Reliance acquired John C. Ernst & Co., Inc., a manufacturer and distributor of engineered measurement solutions and process observation equipment for liquid and steam applications. John C. Ernst is headquartered in Sparta, New Jersey, and produces products such as sight flow indicators, sight windows, liquid level gauges, and flow meters. Terms of the acquisition were not disclosed.

Tide Rock, an unlevered buyout firm based in San Diego, acquired Accu-Fab, Inc., a metal contract manufacturer headquartered in Raleigh, North Carolina. The acquisition expands Tide Rock’s metal manufacturing capabilities alongside other portfolio manufacturers, supporting broader U.S. customer demand for precision fabrication, machining, welding, finishing, and assembly integration.

Evantic, a portfolio company of Edgewater Capital Partners, has acquired Plastic Distributors and Fabricators, LLC (PDF). PDF manufactures and fabricates high-precision plastic components, and the acquisition expands Evantic’s engineered polymer solutions capabilities and presence in strategic end markets including semiconductor, life sciences, and aerospace & defense.

H.I.G. Capital portfolio company Construction Forms, Inc. (CFI) acquired Tricon Wear Solutions, a manufacturer of abrasion and wear-resistant engineered steel plates and fabricated products. The combination expands CFI’s industrial wear parts and aftermarket solutions offering across end markets such as mining, aggregates, pulp & paper, concrete pumping, and power generation.

Union Park Capital announced the sale of Industrial Physics, a global provider of packaging, product, and material test and inspection equipment and services, to investment funds managed by KKR. The transaction positions Industrial Physics to pursue its next phase of growth, including implementing KKR’s broad-based employee ownership program.

CORE Industrial Partners’ portfolio company GEM Manufacturing acquired Coining Manufacturing, LLC and Precision Machine Products, Inc., providers of specialty stamping and machining services. The acquisitions expand GEM’s precision component manufacturing capabilities and add complementary operations and customers across aerospace & defense, medical, electronics, and semiconductor end markets. The acquired businesses are headquartered in Clifton, New Jersey.

LFM Capital announced the formation of Weller Metalworks, a metal fabrication and precision machining platform, and completed its first acquisition with the purchase of Muthig Industries. Muthig Industries, a custom metal fabrication, precision machining, and metal stamping services provider headquartered in Fond du Lac, Wisconsin, will serve as the inaugural add-on for the new platform. Financial terms were not disclosed.

High Street Capital, alongside Wells Fargo Strategic Capital, announced that its portfolio company Tramec has acquired CS Automation. CS Automation is an Ontario, New York-based designer and manufacturer of pneumatic automation controls, machine and motion controls, and machine framing and safeguarding serving industrial and heavy-duty customers. The acquisition is intended to broaden Tramec's presence in industrial automation and create cross-selling opportunities and synergies.

Trystar, a portfolio company of Goldner Hawn, completed the acquisition of Cyber Sciences. The deal is intended to enhance Trystar’s power monitoring, diagnostics, and analysis capabilities for uptime-critical end markets such as data centers and healthcare.

Compass Group Equity Partners announced an investment in Anderson UnderBridge, a manufacturer and rental operator of mobile under-bridge inspection trailers and trucks. The partnership is intended to support Anderson UnderBridge’s expansion of equipment manufacturing capacity, rental fleet footprint, and related services, as part of building a broader critical infrastructure platform.

SOS Manufacturing has been acquired by Auxo Investment Partners, a Michigan-based private equity firm. The deal represents Auxo’s fourth acquisition as it builds out its wire harness platform. Cherry Tree & Associates advised SOS Manufacturing and its shareholders on the sale process.

Spectris plc signed a purchase agreement to acquire the MicroStrain Sensing Systems Business for $37.6 million (£29.4 million). Based in Vermont, MicroStrain develops inertial and wireless sensing systems serving industrial and aerospace markets and will be integrated into Spectris Dynamics. The deal is subject to regulatory approval and is expected to close in the third quarter.

AqueoUS Vets, a vertically integrated provider of water treatment and delivery systems, announced the acquisition of Dixie Tank Company, a manufacturer of carbon and stainless-steel tanks and ASME code pressure vessels. The deal expands AqueoUS Vets’ footprint with an East Coast base in Jacksonville, Florida to serve customers across the United States; financial terms were not disclosed. AqueoUS Vets is backed by a prior growth investment from Bain Capital Double Impact.

Springs Window Fashions, backed by Clearlake Capital Group, has acquired Sunburst Shutters & Window Fashions for an undisclosed amount. Sunburst is a Las Vegas-based manufacturer of premium shutters and custom window treatments sold through national retailers and its own showroom network across the United States.

Ennis, Inc. acquired the operating assets of UMC Print, a trade-only provider of commercial printing services. UMC Print will continue operating from its current facility in Overland Park, Kansas, expanding Ennis’ strategic locations and printing capabilities to support distributor partners.

The Chemours Company entered into a definitive agreement to sell its Glycolic Acid business to PureTech Scientific Inc., a company founded and backed by Iron Path Capital, for $137 million in cash. The deal is expected to close by the third quarter of 2023, subject to regulatory approvals and customary closing conditions.

Lakeside Book Company acquired all issued and outstanding shares of Marquis Book Printing, Inc., expanding Lakeside’s book printing and distribution footprint into the Canadian market. Marquis will operate as a division of Lakeside, with Dave McCree leading the combined business and Serge Loubier continuing as president of Marquis.

Canerector Inc announced that Prescor LLC has been acquired and will join the Conrex Steel Ltd group of companies. The deal expands Conrex Steel’s footprint into the United States, adding regional delivery channels and operational efficiencies to better serve the North American tank and pressure vessel market.

Duraco Specialty Materials acquired Strata-Tac, Inc., a manufacturer of custom engineered pressure-sensitive self-adhesive products and top-coated films, from private sellers. The deal is an add-on acquisition under Duraco’s private equity owner OpenGate Capital, and terms were not disclosed. Strata-Tac is headquartered in St. Charles, Illinois.

The Kadey-Krogen Group, a builder of Krogen trawlers and Summit Motoryachts, has acquired American Tugs, a boatbuilder based in LaConner, Washington. The transaction is intended to create a stronger combined manufacturing, sales, and service organization, while continuing to market the American Tugs, Krogen, and Summit brands separately. American Tugs’ leadership including co-founder/CEO Kurt Dilworth will remain with the business; American Tugs was advised by Anchors Aweigh Capital.

NAI Group acquired KSM Electronics to expand its high-performance interconnect manufacturing capabilities, adding aerospace & defense certifications and strengthening its industrial technology and medical end-market offering. KSM, headquartered in Fort Lauderdale, Florida, manufactures custom cable and wire harness assemblies and electromechanical/box builds with facilities in the United States and Mexico. Pritzker Private Capital is referenced as NAI’s partner, and NAI also named Brian Strauss as CEO following the transaction.

Alarm.com acquired EBS, a Poland-based designer and manufacturer of smart security communicators used in international markets. The deal expands Alarm.com’s ability to support legacy security control panels internationally by integrating with EBS hardware. EBS will continue operating independently under its existing management team from its headquarters in Warsaw, Poland.

Atlanta-based holding company Purpose Group acquired Gerald Printing and Liberty Imaging for an undisclosed sum. Owner Joe Davis will transition into a consulting role for several months, while Gerald Printing vice president John Mazeika was selected to lead the combined operations as CEO.

Sentinel Capital Partners announced the sale of its portfolio company ECM Industries to nVent Electric plc for $1.1 billion. ECM Industries, headquartered in New Berlin, Wisconsin, manufactures and supplies electrical connectors, tools, and test instruments used across construction, maintenance, lighting, irrigation/landscape, and gas utility applications.

Summit Park sold its portfolio company Parkline, Inc. to Trachte, LLC, a portfolio company of Palladium Equity Partners. Parkline, headquartered in Eleanor, West Virginia, manufactures custom engineered modular metal building solutions for mission-critical applications across energy, utility, industrial, and infrastructure markets.

Canlak Coatings Inc., a portfolio company of SK Capital Partners, has acquired Ceram-Traz Corporation d.b.a. Ceramic Industrial Coatings. The deal strengthens Canlak’s North American footprint in wood coatings and expands its OEM wood coatings capabilities and geographic coverage in the United States. Financial terms were not disclosed.

Gerard Daniel Worldwide, a Graycliff Partners portfolio company, acquired Wire Cloth Manufacturers (WCM), a maker of woven and welded wire mesh. The combination expands product offerings and facilities footprint, creating the largest wire mesh distribution and filter mesh component supplier in North America.

Lincolnshire Management closed the sale of Nursery Supplies, Inc. (NSI) to middle-market private equity firm Mill Point Capital. NSI, headquartered in Kissimmee, Florida, manufactures and recycles horticulture containers and trays, with manufacturing and distribution operations across multiple U.S. states. Financial terms were not disclosed.

River Associates Investments, L.P. announced the acquisition of I&I Sling, Inc. and Slingmax, Inc., combining them with its existing portfolio company Yale Cordage (acquired in 2020). The deal expands the combined group’s synthetic rope and heavy-lift sling product portfolio, with I&I / Slingmax continuing to operate from its headquarters in Aston, Pennsylvania under CEO Scott St. Germain.

Hasa, Inc., a portfolio company of Wind Point Partners, acquired Orenda Technologies, a manufacturer and supplier of professional-grade, eco-friendly specialty pool chemicals. The acquisition expands Hasa’s specialty water treatment product portfolio and broadens its geographic reach to recreational water treatment customers across the continental United States.

CECO Environmental Corp. completed the acquisition of GRC (General Rubber LLC), an industrial flow control manufacturer specializing in non-metallic (rubber) expansion joints and related products. Following the transaction, GRC becomes part of CECO’s Effox-Flextor-Mader, Inc. (EFM) joint venture with Chartwell Investments Entrepreneur & Founder Capital, LLC (Chief Capital), expanding CECO’s offering and addressable market.

Burlington Capital Partners (BCP) acquired Martin Pallet Inc. in a transaction completed in partnership with Martin Pallet’s management team and Farragut Capital Partners. Headquartered in Massillon, Ohio, Martin Pallet manufactures and refurbishes specialty wood pallets and crates for customers across Ohio and Pennsylvania. Farragut Capital Partners provided debt financing and an equity co-investment to support the acquisition.

Blue Point Capital Partners-backed Transtar Holding Company has acquired Pro Form Products, a manufacturer of refinishing and repair products for automotive, aviation, industrial, and marine applications. Pro Form, headquartered in Ontario, Canada, will operate as a subsidiary of Transtar Autobody Technologies, expanding Transtar’s product offering and end-market reach across the U.S. and Canada.

CORE Industrial Partners has recapitalized GEM Manufacturing, a family-owned manufacturer of precision deep drawn stamped metal components. As part of the transaction, GEM’s shareholders rolled over a significant portion of proceeds, with Robert and Mark Caulfield staying on for a short-term transition and Christopher Gemino continuing as a key member of management.

Branford Castle Fund II acquired Garlock Pipeline Technologies (GPT), a Denver, Colorado-based manufacturer of pipeline sealing and electrical isolation products. The transaction was a carveout, with GPT previously operating as a division of Enpro Industries; deal terms were not disclosed. Separately and simultaneously, GPT completed an accretive sale-leaseback of its 64,000 sq ft manufacturing facility with Tempus Realty.

Hastings Equity Partners announced the merger of its portfolio company, Imperative Chemical Partners, Inc., with RSI Chemicals, creating a combined specialty chemicals provider in the United States. One Equity Partners partnered with Hastings to recapitalize Imperative and simultaneously complete the merger with RSI.

High Street Capital announced the sale of CDNT, Inc. (Can-Do National Tape) to Zone Enterprises. CDNT is a custom converter and distributor of pressure sensitive adhesive tapes, foams, films, and other flexible materials serving industrial markets, marking an exit for High Street Capital IV.

Granite Creek Capital Partners made an investment in CP Direct Holdings, a Maryland-based provider of large-volume direct mail printing services for non-profit fundraising campaigns. The financing round included co-investment from Everside and senior financing provided by Cadence Bank.

Tex Tech Industries, a portfolio company of Arlington Capital Partners, completed an acquisition from SGL Carbon of the operating assets of SGL’s Gardena, California site, including certain assets of SGL Composites Inc. The Gardena business develops and manufactures high-temperature composite materials and components used across aerospace, defense, industrial, and automotive applications, expanding Tex Tech’s product portfolio.

APCT, a designer and custom manufacturer of advanced technology printed circuit boards and a portfolio company of Industrial Growth Partners, completed its acquisition and merger with Advanced Circuits, Inc. (ACI) on February 14, 2023. Following the transaction, ACI operates as a wholly owned subsidiary of APCT, expanding APCT’s capabilities across quick-turn and low-volume PCB production including HDI and multi-layer rigid products.

Blue Sage Capital closed the sale of Magnum Systems, Inc. to 3 Rivers Capital. Patriot Capital and SharpVue Capital participated by providing debt and equity financing. Magnum designs and manufactures customized automated material handling and packaging systems and engineered components, and is headquartered in Lenexa, Kansas.

Lorom Holding Co., Ltd., a manufacturing solutions provider backed by Cornell Capital, has acquired Segue Manufacturing Services, a global contract electronics manufacturer focused on electromechanical integration and cable/harness assembly. The deal expands Lorom’s North American manufacturing footprint and enhances its vertically integrated cable and electromechanical manufacturing capabilities. Financial terms were not disclosed.

Pioneer Square Brands (PSB), parent company of Brenthaven, Gumdrop, and TechShell, announced it has acquired VAULT, a manufacturer of mobile device enclosure solutions, mobile payment solutions, and kiosks for enterprise customers. The combination expands PSB’s enterprise hardware and device management offerings—pairing Brenthaven+ with VAULT’s CONNECT product range—to support cable-free Apple device fleet management and in-person service experiences. Financial terms were not disclosed.

Northwest Metalcraft Inc. acquired Caliber Precision, Inc., a CNC machining shop based in Mount Vernon, Washington, with the transaction funded on January 19, 2023. The deal expands Northwest Metalcraft’s geographic footprint and adds machining capabilities to support customers across aerospace, defense, medical device, and other end markets.

Capital For Business, Inc. (CFB) completed an investment in Vehicle Security Innovators, LLC (VSI), a Green Bay, Wisconsin-based designer and manufacturer of locksets and vehicle security products for OEM and aftermarket customers. Affiliates of CFB, Holleway Capital Partners, and the VSI management team provided a combination of subordinated debt and equity to fund the transaction and support VSI’s growth plans.

Tool Tech, LLC acquired Cameron Tool Corporation, a full-service tool and die manufacturer, with Greenwich Capital Group serving as exclusive financial advisor to Cameron Tool on the sale. The combination expands Tool Tech’s tool-and-die and related manufacturing services capabilities and adds Cameron Tool’s 80 employees to the business.

Main Street Capital Corporation, alongside a co-investor, completed a $40.0 million follow-on investment in its portfolio company Gamber-Johnson, LLC. The financing was used to support Gamber-Johnson’s acquisition of Lind Electronic Design Company, Inc., a Minnetonka, Minnesota-based manufacturer and supplier of rugged mobile power solutions serving public safety, the U.S. Military, and warehousing markets.

LFM Capital announced that its portfolio company ShopSabre has acquired Langmuir Systems, a designer and assembler of affordable CNC plasma, CNC milling, and welding technology. The companies will continue to operate independently while partnering to expand product development and broaden their addressable market; financial terms were not disclosed.

M Mountain Capital LLC and its affiliates completed an investment in Promounds, Inc. d/b/a On Deck Sports (ODS), closing on December 30, 2022. ODS is a manufacturer and distributor of baseball and softball equipment and provides design, development, and installation services for indoor training facilities. Siguler Guff & Company, LP participated as a significant equity co-investor and also provided senior term debt to support the transaction.

CORE Industrial Partners portfolio company RE3DTECH+GoProto acquired Stanfordville Machine & Manufacturing, a supplier of precision machined components and assemblies. Headquartered in Poughkeepsie, New York, Stanfordville provides CNC machining and assembly services from prototyping through full-scale production for customers across several industrial end markets. The deal adds complementary precision manufacturing technologies and geographic presence to the RE3DTECH platform.

First Capital Partners provided mezzanine debt and a minority equity investment to support Mytee, LLC’s acquisition of Square Scrub, LLC. The investment was made alongside Dry Fly Capital (Mytee’s owner) and in partnership with UMB Capital Corporation. Square Scrub, headquartered in Jonesboro, Arkansas, manufactures hard surface floor cleaning machines, expanding the combined company’s industrial cleaning equipment product line.

CJK Group, Inc. completed an agreement to acquire the assets of print and publishing services company Allen Press of Lawrence, Kansas. The deal expands CJK’s Sheridan print operations with a new facility to be renamed Sheridan Kansas and adds Allen Press’s editorial, production, marketing, and technology publishing services into KnowledgeWorks Global Ltd. (KGL).

CORE Industrial Partners portfolio company Saylite acquired Vantage Lighting, a manufacturer of specification-grade LED lighting products. The acquisition broadens Saylite’s lighting portfolio by adding Vantage’s downlighting, cylinders, and high bays, and strengthens domestic manufacturing capabilities for Buy American requirements. Vantage is headquartered in East Providence, Rhode Island, and the deal closed at the end of 2022; financial terms were not disclosed.