Tracked deals
18
18 tracked deals across 2015-2026.
Manufacturing Buyers & Acquisitions in Maine
Buyer mix
Mixed buyer set
12 pe · 10 strategic
Top trend
Volume peaked in 2020
4 tracked deals announced in 2020.
Primary Insight
What Stands Out
- Strategic capacity expansion is a recurring theme, including Diodes’ acquisition of onsemi’s South Portland 200mm wafer fabrication (SPFAB) facility and FTAI Infrastructure’s investment to increase production at TimberHP’s Madison site.
- Precision and engineered components appear multiple times, from ARCH Cutting Tools’ add-on acquisition of CONTOUR360 to Centerbridge Partners’ planned acquisition of Precinmac LP serving aerospace, defense, space, and semiconductor equipment.
- Specialty manufacturing platforms show continued consolidation, including Mobile Concepts Specialty Vehicles acquiring Molly Corporation’s trolley manufacturing and The Shyft Group acquiring F3 MFG (DuraMag) for aluminum truck bodies.
- Private equity also backs end-market expansion and add-ons, such as North Branch Capital investing in STARC Systems with a stated plan to expand into data centers, airports, and life science labs, and River Associates partnering with management to pursue additional add-on acquisitions for Yale Cordage.
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Top Buyers
Illustrative buyers pulled from tracked transactions on this page. This table is capped and intentionally non-exhaustive.
| Buyer | # Deals | Focus | Type |
|---|---|---|---|
| Diodes Incorporated | 2 | Global manufacturer and supplier of discrete, analog, and... | Strategic |
| ARCH Cutting Tools Corp. | 1 | Manufacturer and distributor of high-performance solid ro... | Strategic (PE-backed) |
| Alleghany Capital Corporation | 1 | Investment and operating company that owns and manages a ... | PE |
| Arlington Capital Partners | 1 | Middle-market private equity firm focused on aerospace/de... | PE |
| Bain Capital Credit, LP | 1 | Global credit specialist and investment arm of Bain Capit... | PE |
| Centerbridge Partners | 1 | Private investment management firm active across private ... | PE |
| Compagnie Générale des Établissements Michelin | 1 | Global industrial company focused on tires and related ma... | Strategic |
| Compass Partners Capital, LLC | 1 | Private investment firm focused on aerospace, defense and... | Investor |
| Double E Company LLC | 1 | Manufacturer and global supplier of engineered web-handli... | Strategic (PE-backed) |
| FTAI Infrastructure Inc. | 1 | Infrastructure-focused investment vehicle managed by Fort... | PE |
Acquisition Volume in Manufacturing in Maine by Year
Last 9 years
Actual
Full-year estimate
Supporting Data
Recent Transactions
-
- Buyer
- Compagnie Générale des Établissements Michelin
- Target
- Tex Tech Industries
- Industry
- Manufacturing
- Location
- Maine, United States
- Type
- Buyout
Michelin completed its acquisition of Tex Tech Industries, announced on January 2, 2026, after obtaining all necessary approvals. The deal reinforces Michelin’s Polymer Composite Solutions business and was financed through available cash.
-
- Buyer
- FTAI Infrastructure Inc.
- Target
- TimberHP
- Industry
- Manufacturing
- Location
- Maine, United States
- Type
- Growth capital
TimberHP, the U.S.-based manufacturer of wood fiber insulation, announced a strategic investment from FTAI Infrastructure Inc. (managed by Fortress Investment Group). The funding is intended to support increased production at TimberHP’s Madison, Maine facility and expand the company’s commercial footprint across North America.
-
December 16, 2025
- Buyer
- Mobile Concepts Specialty Vehicles
- Target
- Molly Corporation
- Seller
- Owners of Molly Corporation (family-owned)
- Industry
- Manufacturing
- Location
- Maine, United States
- Type
- Buyout
Mobile Concepts Specialty Vehicles has acquired Molly Corporation, a family-owned manufacturer of the Molly Trolley based in Wells, Maine. The transaction, advised by Generational Group, closed on December 16, 2025 and brings Molly's trolley product line and manufacturing capabilities into Mobile Concepts' specialty vehicle portfolio.
-
October 14, 2024
- Buyer
- Centerbridge Partners
- Target
- Precinmac LP
- Seller
- Pine Island Capital Partners, Bain Capital's Private Credit Group, Compass Partners Capital
- Industry
- Manufacturing
- Location
- Maine, United States
- Type
- Buyout
Centerbridge Partners has agreed to acquire Precinmac LP, a precision components manufacturer serving aerospace, defense, space and semiconductor equipment markets, from an investor group including Pine Island Capital Partners, Bain Capital's Private Credit Group and Compass Partners Capital. The transaction, announced Oct. 14, 2024, is expected to close in Q4 2024 (reported closed Dec. 2, 2024 by some sources); financial terms were not disclosed.
-
September 12, 2023
- Buyer
- North Branch Capital
- Target
- STARC Systems
- Industry
- Manufacturing
- Location
- Maine, United States
- Type
- Buyout
North Branch Capital, a Chicago-area private equity firm, has acquired a majority ownership stake in STARC Systems, a Brunswick, Maine-based manufacturer of reusable temporary modular wall containment solutions. The investment will fund product innovation and expansion into new end markets including data centers, airports and life science labs.
-
- Buyer
- Diodes Incorporated
- Target
- onsemi South Portland 200mm manufacturing fab (SPFAB)
- Seller
- onsemi
- Industry
- Manufacturing
- Location
- Maine, United States
- Type
- Divestiture
Diodes Incorporated has completed the acquisition of onsemi’s operational 200mm wafer fabrication facility in South Portland, Maine (SPFAB). The divestiture allows onsemi to redeploy production to other fabs as part of its fab-liter strategy while Diodes gains U.S. 200mm capacity to support growth in automotive and industrial end markets.
-
June 3, 2022
- Buyer
- Diodes Incorporated
- Target
- onsemi South Portland Wafer Fabrication Facility (SPFAB)
- Seller
- onsemi
- Industry
- Manufacturing
- Location
- Maine, United States
- Type
- Divestiture
Diodes Incorporated has completed the acquisition of onsemi's South Portland, Maine wafer fabrication facility and operations (SPFAB). The transaction transfers SPFAB employees to Diodes and includes a multi-year wafer supply agreement under which Diodes will continue manufacturing onsemi products while Diodes ramps additional CMOS and BiCMOS capacity to support automotive and industrial end markets.
-
September 13, 2021
- Buyer
- ARCH Cutting Tools Corp.
- Target
- CONTOUR360
- Seller
- Tom Gleason, John Moller
- Industry
- Manufacturing
- Location
- Maine, United States
- Type
- Addon
ARCH Cutting Tools Corp., an ARCH Global Precision Company, has acquired CONTOUR360 of Cornish, Maine. The acquisition adds CONTOUR360’s engineered solid round cutting tool and custom tooling capabilities to ARCH’s national custom and specials offering as an add-on to its platform.
-
- Buyer
- Strait Lane Capital Partners, LLC
- Target
- TTI Sports International, Ltd.
- Industry
- Manufacturing
- Location
- Maine, United States
- Type
- Buyout
Strait Lane Capital Partners, a Dallas-based family-owned private investment firm, has acquired TTI Sports International, Ltd., a Portland, Maine-headquartered manufacturer of premium felt for the global tennis-ball market. The deal was financed with equity from Strait Lane families and investors and senior debt from East West Bank; Strait Lane plans to support a >30% expansion of TTI's manufacturing capacity to meet growing demand in tennis and emerging sports like padel.
-
May 24, 2021
- Buyer
- LSI Industries Inc.
- Target
- JSI Store Fixtures
- Seller
- RFE Investment Partners
- Industry
- Manufacturing
- Location
- Maine, United States
- Type
- Buyout
LSI Industries (NASDAQ: LYTS) acquired Maine-based JSI Store Fixtures from RFE Investment Partners in an all-cash transaction valued at $90 million. The deal expands LSI's product offering and presence in the grocery, convenience and specialty store verticals, and brings JSI's more than 300 employees and four North American facilities into LSI's graphics segment.
-
October 1, 2020
- Buyer
- The Shyft Group, Inc.
- Target
- F3 MFG, Inc.
- Industry
- Manufacturing
- Location
- Maine, United States
- Type
- Buyout
The Shyft Group, Inc. acquired F3 MFG, Inc., the maker of DuraMag aluminum truck bodies and Magnum branded headache racks, adding the business to its Shyft Specialty Vehicles unit. The acquisition (paid with available cash) expands Shyft's product lineup and national footprint, complements its recent Royal Truck Body purchase, and brings a 140,000 sq ft Waterville, Maine manufacturing facility with reported 2019 sales of about $25 million.
-
July 31, 2020
- Buyer
- River Associates Investments, LP, Northstar Capital
- Target
- Yale Cordage, Inc.
- Industry
- Manufacturing
- Location
- Maine, United States
- Type
- Buyout
River Associates Investments (River) partnered with Yale Cordage management to acquire Yale Cordage, a designer and manufacturer of high‑performance synthetic rope based in Saco, Maine. River funded the transaction from its River VII fund with subordinated debt and an equity co‑investment from Northstar Capital and debt financing from TD Bank; River plans to pursue add‑on acquisitions to grow Yale's capabilities and end‑market reach.
-
May 21, 2020
- Buyer
- Inverness Graham Investments
- Target
- KICTeam, Inc.
- Seller
- Argosy Private Equity, Anvil Capital, Management
- Industry
- Manufacturing
- Location
- Maine, United States
- Type
- Buyout
Inverness Graham Investments has acquired KICTeam, Inc., a Maine-based designer and manufacturer of proprietary single-use technical cleaning products for electronic FinTech devices. The deal is the first platform investment for Inverness Graham IV and positions KICTeam as a platform for add-on acquisitions targeting medical device, pharmaceutical, aerospace, semiconductor and other specialty end markets.
-
April 2, 2020
- Buyer
- Pine Island Capital Partners, LLC, Bain Capital Credit, LP, Compass Partners Capital, LLC
- Target
- Precinmac Precision Machining
- Seller
- GenNx360 Capital Partners
- Industry
- Manufacturing
- Location
- Maine, United States
- Type
- Divestiture
An investor group led by Pine Island Capital Partners with participation from Bain Capital Credit and Compass Partners Capital has acquired Precinmac Precision Machining from GenNx360 Capital Partners. Precinmac is a diversified manufacturer of high‑precision machined components and assemblies serving aerospace & defense, semiconductor and general industrial customers; financial terms were not disclosed.
-
September 20, 2019
- Buyer
- Double E Company LLC, River Associates Investments
- Target
- Schlumpf, Inc.
- Industry
- Manufacturing
- Location
- Maine, United States
- Type
- Addon
Double E Company LLC, a portfolio company of River Associates Investments, acquired Schlumpf, Inc., a Windham, Maine-based manufacturer of roll and shaft material-handling equipment, in a transaction that closed September 20, 2019. The add-on expands Double E’s engineered roll- and shaft-handling product offerings and leverages Double E’s worldwide direct sales force to drive growth; terms were not disclosed.
-
June 24, 2019
- Buyer
- Precision Cutting Technologies, Inc., Alleghany Capital Corporation
- Target
- Coastal Industrial Distributors, LLC (d/b/a CID Performance Tooling)
- Industry
- Manufacturing
- Location
- Maine, United States
- Type
- Addon
Alleghany Capital Corporation formed a new holding company, Precision Cutting Technologies, and Precision acquired a majority interest in Coastal Industrial Distributors, LLC (d/b/a CID Performance Tooling), a Saco, Maine-based manufacturer of high-performance solid carbide end mills. The move consolidates Alleghany Capital’s machine tool and consumable cutting tool businesses under a single platform to share resources and expand capabilities and end-market reach in aerospace, defense, and medical sectors.
-
August 24, 2017
- Buyer
- Arlington Capital Partners
- Target
- Tex Tech Industries
- Seller
- ShoreView Industries
- Industry
- Manufacturing
- Location
- Maine, United States
- Type
- Buyout
Arlington Capital Partners, a Washington, D.C.-area private equity firm, has acquired Tex Tech Industries, a Maine-headquartered manufacturer of specialty high-performance textile materials serving aerospace, defense and industrial markets. The deal—completed in August 2017—transfers ownership from ShoreView Industries and positions Tex Tech for growth under Arlington's buy-and-build strategy.
-
- Buyer
- Identity Group Holdings Corporation, Ancor Capital Partners
- Target
- Allen Screen Printing, Inc.
- Industry
- Manufacturing
- Location
- Maine, United States
- Type
- Addon
Identity Group Holdings (an Ancor Capital Partners portfolio company) has acquired Allen Screen Printing, Inc., a Scarborough, Maine-based provider of screen-printing, digital printing, signage fabrication and fulfillment services. The add-on expands Identity Group’s capabilities and specialty presence in retail and grocery/convenience signage and fulfillment; terms were not disclosed.
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Frequently Asked Questions
Which buyers are most frequently represented in Maine manufacturing acquisitions?
Several buyers appear more than once, including Diodes Incorporated, Mobile Concepts Specialty Vehicles, North Branch Capital, Centerbridge Partners, Strait Lane Capital Partners, LLC, LSI Industries Inc., Strait Lane Capital Partners, LLC, and The Shyft Group, Inc.
What kinds of manufacturing capabilities are being acquired in Maine?
The page highlights acquisitions across semiconductor/wafer fabrication (Diodes and onsemi SPFAB), precision tooling and components (ARCH Cutting Tools and Precinmac), engineered materials and insulation (Michelin’s polymer composite focus; TimberHP wood fiber insulation), and specialty vehicle-related manufacturing (Mobile Concepts/Molly and The Shyft Group/F3 MFG).
Are these deals focused on new facilities or existing production capacity?
Both appear in the listed transactions. Examples include acquisitions of operating manufacturing facilities (e.g., Diodes’ South Portland 200mm fab) and investments intended to scale output at an existing Maine location (e.g., FTAI Infrastructure’s support for TimberHP’s Madison, Maine manufacturing).
Do the transactions include activity in aerospace, defense, and semiconductors?
Yes. One example is Centerbridge Partners agreeing to acquire Precinmac LP, which serves aerospace, defense, space, and semiconductor equipment markets.
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