Manufacturing Acquisitions in Maine

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.

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.

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.

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.

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.

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.

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.

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.

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.

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.

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.

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.

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.

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.

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.

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.