Manufacturing Acquisitions in California

Marvell Technology, Inc. has completed its acquisition of XConn Technologies, a provider of advanced PCIe and CXL switching silicon. The deal expands Marvell's switching portfolio and strengthens its scale-up connectivity capabilities for next-generation AI and cloud data center architectures.

Dober, a family-owned specialty chemical manufacturer based in Woodridge, Illinois, has acquired the Soltellus Agronomy and Water Treatment businesses from Lygos, Inc. The deal gives Dober greater control over manufacturing, quality and product development for Soltellus polymers (production to continue at Hazleton, Pennsylvania and R&D at Woodridge, Illinois), while Lygos retains Soltellus for Home and Personal Applications and its proprietary technology.

Novaria Group, a portfolio company of Arcline Investment Management, has acquired Plasma Ruggedized Solutions (PRS), a provider of high-reliability conformal coatings, parylene coating, potting, and encapsulation for defense, medical and advanced industrial electronics. The deal expands Novaria's advanced surface protection capabilities and strengthens its position serving mission-critical aerospace, defense and industrial end markets.

Quantum Computing Inc. (QCi) completed an all-cash acquisition of Luminar Semiconductor, Inc. (LSI), a wholly owned subsidiary of Luminar Technologies, in a transaction valued at $110 million. The deal brings LSI’s lasers, detectors, advanced packaging, and manufacturing capabilities into QCi’s thin-film lithium niobate photonics platform to create a vertically integrated, domestically manufactured photonics and quantum technology offering and to strengthen near-term revenue and defense/aerospace market access.

NEXA (formerly Social Mobile) has completed its acquisition of Sonim Technologies, integrating Sonim’s ultra-rugged, mission‑critical device portfolio into NEXA’s enterprise mobility solutions. The deal transitions Sonim from a publicly traded company to a privately held entity and is intended to expand NEXA’s product capabilities and address enterprise, government and public safety end markets.

ProClip USA, a Madison, Wisconsin-based provider of precision mobile mounting solutions, has acquired INOVATIV, a U.S. designer and manufacturer of premium carts and workflow support systems. The acquisition will combine complementary engineering and manufacturing capabilities to accelerate product development, expand industry reach, and deliver more integrated workflow solutions to professional customers worldwide.

Butterfly Equity has completed its acquisition of ePac Holdings, the San Diego–headquartered digitally printed flexible packaging provider, from an investor consortium that included Amcor and Indevco North America; financial terms were not disclosed. The deal establishes ePac as Butterfly’s first platform investment in packaging and keeps incumbent management (including CEO and co‑founder Virag Patel) in place with a significant retained ownership stake as Butterfly backs ePac’s growth across its 14 North American facilities and its proprietary ePacONE technology.

Currier Plastics, a Sheridan Capital Partners portfolio company, has completed the acquisitions of Springboard Manufacturing and MOS Plastics. The add-on deals expand Currier's West Coast footprint, add significant Class 7/8 cleanroom capacity, and deepen capabilities serving pharmaceutical, medical device and diagnostics customers.

ADDMAN Engineering LLC, a portfolio company of American Industrial Partners, has acquired Forecast 3D, a Carlsbad, California-based polymer additive manufacturing firm formerly operated by GKN Powder Metallurgy. The deal expands ADDMAN's West Coast polymer capacity and digital quoting capabilities, increasing its industrial additive fleet to over 160 systems and advancing its strategy to build a comprehensive North American additive manufacturing platform.

Nelipak Corporation has completed the acquisition of Merrill's Packaging, a custom thermoformed packaging specialist with production sites in Burlingame, California and Alajuela, Costa Rica. The deal expands Nelipak's healthcare packaging capabilities—adding custom thermoforming, ISO 13485-certified cleanroom capacity and complementary design, tooling and pouch/mounting-card capabilities.

Larson Packaging Company has acquired Great Western Eagle Packaging, Inc., integrating GWEP's Ontario, California facility to expand Larson's high-precision case-insert and foam fabrication capabilities. The deal immediately broadens Larson's California manufacturing footprint and strengthens its ability to serve aerospace, defense, drone and advanced-technology customers; GWEP CEO Todd Teach will join Larson's leadership team.

Industrial Growth Partners (IGP) has acquired Marki Microwave in a partnership with the Marki family and management, creating a new platform to accelerate Marki's growth. Marki, headquartered in Morgan Hill, California, is a designer and manufacturer of high-performance RF and microwave components serving aerospace & defense, test & measurement, and other demanding end markets.

Arkview Capital, a Stamford-based private equity firm, has completed the acquisition of NEOTech, a Chatsworth, California-based provider of high-reliability electronic manufacturing services (EMS). The transaction is supported by financing and partnership from BBK Capital, Crestline, Canyon Partners and PNC Bank and will fund NEOTech’s expansion of next-generation manufacturing capabilities and market reach across defense, aerospace and medical end markets.

Daikin Applied Americas has acquired Chilldyne, a developer of negative-pressure direct-to-chip liquid cooling systems for high-performance and AI data centers. The deal expands Daikin Applied's data center cooling portfolio with Chilldyne's leak-resistant liquid-cooling technology and brings Chilldyne's leadership team into Daikin Applied; CapM Advisors acted as exclusive financial advisor to Chilldyne.

TIPCO Technologies, a Platte River Equity portfolio company, has acquired Gasket Specialties, Inc., a family-owned manufacturer and distributor of gaskets and seals based in Richmond, California. The add-on expands TIPCO's custom gasket fabrication and distribution capabilities and extends its West Coast footprint, bringing TIPCO to 46 locations across 17 states. The seller was owner Anita Gutierrez.

Chroma Color Corporation, a portfolio company of Arsenal Capital Partners, has acquired Ferco Color, a custom manufacturer of colorants, additives, and specialty compounds based in Chino, California. The undisclosed-term transaction expands Chroma's West Coast manufacturing footprint and broadens its colorant and additive technology capabilities, leveraging Ferco's on-site analytical laboratory and customer base across medical, packaging, aerospace and other end markets.

Industrial Control Solutions (ICS), a Bristol, Connecticut-based instrumentation platform and portfolio company of LDR Partners LP, has acquired Duro-Sense Corporation, a Carson, California manufacturer of thermocouples, RTDs, and custom temperature measurement assemblies. The add-on expands ICS's capabilities into temperature measurement, strengthens its presence on the U.S. West Coast, and enhances its position in aerospace, defense, power generation, and industrial OEM markets. The deal closed October 20, 2025.

Threadlock Precision, an operating platform backed by The D. E. Shaw Group, has acquired J&F Machine, a Cypress, California-based precision CNC machining business serving aerospace, defense and commercial markets. The acquisition is an early add-on in Threadlock Precision's plan to build an integrated network of precision manufacturers and will provide J&F with operational support, technology modernization and growth capital.

Gainline Capital Partners has invested in ANA Global, a San Diego–headquartered manufacturer of precision plastic injection-molded and metal-stamped components with substantial manufacturing operations in Mexico. The investment brings a new executive leadership team (CEO Richard Warren, CFO Rafael Beverido, COO Homero Escandón) as founder MD Hoque retires to a Board Advisor role; Gainline says it will support capacity, automation, and growth initiatives to capitalize on nearshoring trends.

Sae-A Trading, a global apparel manufacturer and subsidiary of Global Sae-A Group, has completed the acquisition of Swisstex's manufacturing operations in El Salvador and Swisstex Direct, LLC, the company's U.S.-based sales arm. The deal (terms not disclosed) expands Sae-A Trading's manufacturing footprint in the Americas and enhances its capabilities in sports and performance apparel; Swisstex employs approximately 500 people in total, about 300 of whom are in the acquired El Salvador operations.

Zebra Technologies has completed its acquisition of Elo Touch Solutions, a leading touchscreen and interactive display provider formerly majority owned by funds managed by Crestview Partners. The deal expands Zebra’s customer-facing and frontline automation capabilities across retail, hospitality, healthcare and industrial markets and increases its addressable market by roughly $8 billion.

Bass Pro Shops and its manufacturing arm White River Marine Group have acquired Hobie, the iconic water‑sports brand, and will reshore Hobie production from Mexico to an expanded White River facility in Lebanon, Missouri. The acquisition brings Hobie dealers into the White River family and is expected to create new U.S. manufacturing jobs while strengthening Bass Pro/White River’s watersports product lineup.

CORE Industrial Partners’ portfolio company Momentium has acquired Superior Lithographics, a Los Angeles-based provider of high-graphic folding cartons, litho labels and corrugated top sheets. The add-on expands Momentium’s West Coast footprint and broadens its product capabilities by adding lithographic label and top-sheet printing to the platform’s folding-carton offerings.

Silver Lake has acquired a 51% majority stake in Altera Corporation from Intel, with Intel retaining a 49% interest, in an approximately $8.75 billion transaction that establishes Altera as an independent, pure‑play FPGA provider. The investment provides Altera with capital and operational independence to accelerate R&D, expand its software and hardware stack (including the Agilex family), and scale into key end markets such as data centers, telecommunications, aerospace and industrial automation.

Purgo Holdings, a portfolio company of Wincove Private Holdings, has acquired Puroflux Corporation, a Simi Valley-based designer and manufacturer of industrial and commercial water filtration and control systems. The transaction represents an add-on to Purgo's water platform and follows Montage Partners' investment in Puroflux in 2018 to support founder succession and growth.

Polycorp, a portfolio company of Arsenal Capital Partners, has acquired Burke Industries Inc. from Mannington Mills. The deal expands Polycorp's manufacturing footprint and technical capabilities in engineered elastomeric solutions, while Mannington will continue to manufacture Burke rubber flooring products at its Florida and Georgia facilities.

Trackonomy Systems Inc. has acquired InPlay Inc., a developer of the NanoBeacon BLE System-on-Chip (SoC) designed for smart labels and wireless IoT applications. The acquisition expands Trackonomy's product capabilities and customer base across healthcare, logistics, gaming and other IoT markets while allowing InPlay to continue operating as an independent entity.

Cogenuity Partners, a lower middle market private equity firm, has acquired Interconnect Solutions Company (ISC), a Fountain Valley, California-based designer and manufacturer of custom cable assemblies, harnesses, and overmolded interconnect solutions. ISC was purchased from Tide Rock; financing for the transaction was provided by Apogem Capital and Ally Bank. The deal expands Cogenuity's advanced industrial platform capabilities across aerospace, defense, data center, medical, and industrial end markets.

Innova Engineered Plastics, a portfolio company of Culper Capital Partners, has acquired PolyCraft Tech, a Poway, California-based manufacturer of precision cast urethane enclosures and components. The transaction closed on August 29, 2025 and expands Innova’s cast urethane and West Coast manufacturing capabilities; Generational Group advised PolyCraft Tech on the sale.

John Deere has acquired California-based GUSS Automation, a maker of semi-autonomous sprayers for high-value crops such as orchards and vineyards. GUSS will retain its name, brand, employees and Kingsburg, California manufacturing facility, and its sprayers will continue to be sold and serviced through John Deere dealers.

Daikin Applied, a subsidiary of Daikin Industries, has acquired DDC Solutions, a San Diego-based provider of high-density GPU cooling cabinets and cooling management software, from Thompson Street Capital Partners and Cequel III. Terms were not disclosed; DDC will operate as an independent subsidiary and the acquisition supports Daikin's expansion into data center and AI infrastructure cooling solutions.

Infineon Technologies completed the acquisition of Marvell Technology's Automotive Ethernet business for $2.5 billion in cash in mid-August 2025. Infineon will fold the operations into a new "Ethernet Solutions" business line to strengthen its automotive semiconductor portfolio and expects the business to generate $225–250 million in 2025 with a design-win pipeline of about $4 billion by 2030.

Alpha Metalcraft Group (AMG), a portfolio company of Industrial Growth Partners (IGP), acquired Hanmar, LLC, a Pacoima, California-based manufacturer of thin-walled, high-precision metal parts for aerospace, defense and space markets. The deal is AMG's first add-on acquisition since IGP's July 2024 acquisition of AMG and is intended to deepen AMG's metal forming capabilities and expand its Southern California footprint.

Medical Manufacturing Technologies (MMT), a portfolio company of Arcline Investment Management, has acquired Comco, a leader in micro-precision sandblasting and the maker of the MicroBlaster. The add-on expands MMT's abrasive technology and microblasting capabilities to better serve medical device, microelectronics and aerospace customers.

Signicast, a Form Technologies company, has acquired FS Precision, including its intellectual property and specialized equipment, to add titanium and vacuum-alloy casting capabilities to Signicast’s portfolio. Production using the acquired capabilities has begun at Signicast’s Hutchins, Texas facility as the company expands its aerospace and defense offerings and advanced manufacturing services.

MISUMI Group Inc., a global supplier of mechanical components based in Japan, has acquired Fictiv, a San Francisco–based digital manufacturing and supply chain technology company. The deal combines MISUMI’s extensive product catalog and logistics footprint with Fictiv’s AI-powered manufacturing platform to build an integrated global manufacturing platform and expand capacity and services for customers across aerospace, medical, robotics and other end markets.

SpotSee (ShockWatch), a Harbour Group company, has acquired Telatemp Corporation from long-time family ownership. The deal brings Telatemp’s ColdSnap product line and temperature/environmental monitoring capabilities into SpotSee’s portfolio to deepen regulated cold-chain and life-sciences monitoring capabilities; terms were not disclosed.

ASMedia Technology Inc. completed the acquisition of all outstanding shares of Techpoint, Inc. for a fully diluted equity value of approximately US$390 million, following Techpoint's delisting from the Tokyo Stock Exchange. The acquisition expands ASMedia's product portfolio into automotive and security video connectivity markets and is expected to drive revenue growth, margin expansion and supply-chain efficiencies.

Advanced Micro Devices (AMD) has acquired Enosemi, a Silicon Valley photonics startup, to accelerate development of silicon photonics and co‑packaged optics technologies for next‑generation AI systems. The deal extends AMD’s existing partnership with Enosemi and brings the startup’s team and IP into AMD to scale optical interconnect and photonics capabilities across data center and AI system architectures; terms were not disclosed.

Peak Technology has acquired Jinxbot 3D Printing, a Mountain View–based additive manufacturing and design lab known for high-mix, rapid-turn prototyping. The acquisition expands Peak's additive manufacturing and rapid-prototyping capabilities to offer more integrated, end-to-end product realization services to OEMs across semiconductor, bio-medical and aerospace markets.

Nextracker (Nasdaq: NXT) has acquired U.S.-based Bentek Corporation for approximately $78 million in cash, including contingent earnout consideration. The acquisition adds Bentek's engineered, pre-assembled electrical balance of system (eBOS) products and U.S. fabrication footprint to Nextracker's solar tracker platform to streamline procurement and enhance integrated solar power plant solutions.

Seattle-based private equity firm Pike Street Capital has made a platform investment in Superior Duct Fabrication, a Pomona, California-based fabricator of custom commercial HVAC ducting and related specialty products. Pike Street will support Superior's growth—investing in product development, capacity expansion, new facilities, geographic expansion and add-on M&A—while founder and CEO Mike Hilgert retains a significant ownership stake and continues to lead the company.

Kuraray Co., Ltd. has acquired Nelumbo Inc., a Hayward, California-based developer of surface modification technologies, to add a new technology platform and accelerate global expansion. The deal—executed through Kuraray's U.S. subsidiary Kuraray Holdings U.S.A., Inc.—was announced April 2, 2025; the purchase price was not disclosed and Houlihan Lokey served as Nelumbo's exclusive financial advisor.

Seagate Technology completed a cash tender offer and merger to acquire Intevac, Inc. for $4.00 per share, resulting in Intevac becoming a wholly owned subsidiary of Seagate. Approximately 87.95% of Intevac shares were tendered; Intevac shares were delisted from the Nasdaq and the deal closed March 31, 2025.

Cerberus Capital Management has acquired Votaw Precision Technologies, a Santa Fe Springs, California-based specialty manufacturer of mission-critical hardware and components for aerospace, defense, space and maritime applications. The deal, led by Cerberus' Supply Chain and Strategic Opportunities platform, will support investments to expand Votaw's machining and assembly capacity, deepen customer relationships, and broaden its geographic footprint to bolster the U.S. defense industrial base.

Massman Companies, a global provider of automated packaging machinery, has acquired ADCO, a Sanger, California-based manufacturer of cartoners and end-of-line packaging equipment. The acquisition adds cartoning and complementary end-of-line capabilities to Massman's product line and aligns with its strategy to deliver automation from carton to pallet.

Tide Rock, an unlevered buyout firm, has acquired Airsupply Jeyco, a San Diego-based designer, manufacturer and distributor of patented tool kitting and MRO solutions for aerospace, defense and industrial customers. The business will operate as Airsupply Tools, LLC and Tide Rock says the acquisition expands its manufacturing and defense-focused portfolio while providing capital and resources to scale the company's patented tool-control products and distribution channels.

Avnan Capital Ltd., a Mississauga-based investment firm focused on electronics design and manufacturing, has acquired Falcon Electric, Inc., a California manufacturer of industrial- and military-grade UPS systems and frequency converters. BMI Mergers & Acquisitions advised Falcon Electric on the sale; Avnan said the acquisition will support Falcon Electric's continued growth and align with its strategy to invest in technology-driven electronics companies.

Standex International Corporation has acquired McStarlite Co., a Harbor City, California-based maker of complex sheet metal aerospace components, for approximately $56.5 million in cash. McStarlite will be reported in Standex's Engineering Technologies Group and the acquisition is intended to expand Standex's forming capabilities and provide cross-selling and technical-exchange opportunities with its Spincraft business.

LG Electronics has exercised a call option to acquire an additional 30% of Bear Robotics, increasing its ownership to a controlling 51% stake after an initial $60 million investment in March 2024. The move brings Bear Robotics into LG's robotics fold to accelerate AI-driven commercial, home and industrial robot development and integrate LG's commercial robot business with Bear Robotics' platform and fleet-management capabilities.