Manufacturing Acquisitions in New Hampshire

Micro-Precision Technologies, a PE-backed micro‑electronics manufacturer, has acquired Stellar Manufacturing, a printed circuit board assembly (PCBA) provider headquartered in Salem, New Hampshire. The deal — completed in early October — expands MPT's micro‑electronics platform capabilities and was executed after MPT partnered with private equity firm Great River Capital Partners in mid‑2024; terms were not disclosed.

Microwave Techniques has completed the acquisition of Symphony Microwave Technologies, combining two manufacturers of high‑power microwave and RF components to create an advanced provider of microwave technology and RF solutions. The combined organization will operate across facilities in Gorham, Maine; Nashua, New Hampshire; and Hamburg, Germany, with more than 145 employees and aims to expand technical capabilities, product portfolio, and manufacturing capacity.

Maple Landmark, the family-owned wooden-products manufacturer based in Middlebury, Vermont, has acquired Green Mountain Tap Handles from founder Jason Gardner. The acquisition reunites Green Mountain Taps with Vermont operations and expands Maple Landmark’s handcrafted tap handle product line and production capabilities.

Jabil Inc. completed the acquisition of Mikros Technologies LLC on October 1 to add microchannel liquid cooling and thermal-management engineering and manufacturing capabilities. The deal expands Jabil’s portfolio for AI data centers, semiconductor test equipment, energy storage and electric-vehicle applications by integrating Mikros’s proprietary liquid-cold-plate technologies.

Affiliates of Fairfax Financial Holdings Limited agreed to acquire all equity interests in Peak Achievement Athletics Inc. from Sagard Holdings Inc., giving Fairfax control of Peak and its brands including Bauer Hockey, Cascade Lacrosse and Maverik Lacrosse. The transaction was announced in September 2024 and was completed in December 2024; Fairfax said it will provide long-term support to grow Peak's portfolio.

Great River Capital Partners has acquired Micro-Precision Technologies, Inc. (MPT), a Salem, New Hampshire-based manufacturer of high-reliability microelectronics for harsh and defense-critical environments. The deal, facilitated by Benchmark International, positions Great River to expand capabilities in industrial technology and high-reliability electronics and pursue organic growth and potential strategic add-ons.

Ingersoll Rand Inc. has closed two acquisitions: Controlled Fluidics, a U.S.-based thermoplastic bonding and custom plastic assembly specialist serving life sciences and other high-growth end markets, and Ethafilter s.r.l., an Italy-based producer of filters and filter elements for the compressed air sector. The deals expand Ingersoll Rand's product portfolio and aftermarket capabilities, strengthening its position in life sciences, sterile filtration, and air treatment markets.

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.

MCM Capital Partners completed a majority recapitalization of Tech NH, Inc., a Merrimack, New Hampshire-based technical injection molder that serves the medical device, general industrial, defense and green energy markets. The recapitalization provides Tech NH with growth capital and access to MCM’s sales, digital marketing and business development resources; the deal is the first platform acquisition for MCM Capital Partners IV, L.P.

Trexon, a portfolio company of Audax Private Equity, has completed the acquisition of 603 Manufacturing, a value‑added manufacturer of high‑performance wire and cable assemblies including RF/microwave coaxial assemblies and electro‑mechanical box builds. The deal is an add‑on to Trexon’s Engineered Products Group intended to expand Trexon’s RF, ruggedized and space/aerospace capabilities and broaden its end‑market exposure in aerospace, space and telecommunications.

Trystar, a Goldner Hawn portfolio company, has acquired Oztek Corporation to broaden its electric power solutions portfolio and bolster renewable energy and battery energy storage system capabilities. Oztek, headquartered in Merrimack, New Hampshire, manufactures battery inverters, energy storage power conversion systems, bi-directional DC power supplies and printed circuit power supplies.

Infinitum, the Austin-based maker of air core electric motors, has acquired Circuit Connect, Inc., a Nashua, New Hampshire PCB fabricator that has supplied PCB stators to Infinitum for more than five years. The acquisition brings Circuit Connect's ~21 employees into Infinitum and is intended to vertically integrate PCB stator production to increase capacity and support the company's rapid scaling.

Accelevation LLC, a portfolio company of LFM Capital, has acquired Workplace Modular Systems, a Londonderry, New Hampshire-based designer and manufacturer of configurable workstations for biotech, laboratory and industrial customers. The add-on is intended to broaden Accelevation’s product offering and create synergies—particularly with its SkyLab subsidiary—while financial terms were not disclosed.

Excelus Manufacturing Solutions, the precision manufacturing platform backed by Sky Peak Capital, has acquired Maclean Precision Machine, a supplier of tight-tolerance parts to the aerospace, defense and semiconductor industries. The add-on nearly doubles Excelus' capacity, expands difficult-material and large-turning capabilities, and provides a path to AS9100 certification to better serve mission-critical customers.

Machine Solutions Inc., a Flagstaff, Arizona-based provider of equipment and services for the medical device market, has acquired Intec Automation Inc., a custom machine builder headquartered in Rochester, New Hampshire. The acquisition positions Intec as the cornerstone of Machine Solutions' new automation division and expands the platform's automation engineering and manufacturing capabilities as an add-on to its PE-backed portfolio.

Sky Peak Capital, a New England-based private equity firm, has acquired Hicks Machine of Walpole, New Hampshire and launched Excelus Manufacturing Solutions as a holding platform for its precision machining investments. Excelus will combine Hicks and existing portfolio company Jarvis to serve aerospace & defense, medical, high-tech and commercial end markets and pursue additional machining, sheet metal, fabrication and additive manufacturing capabilities.

Hawk Ridge Systems has acquired ACCESS Manufacturing Systems, Inc. to expand its coast-to-coast manufacturing services and strengthen its CAM and 3D printing product and services portfolio. The acquisition brings ACCESS’s CAMWorks expertise and Markforged 3D printer capabilities into Hawk Ridge’s broader engineering, training, and support platform, enabling deeper service coverage for manufacturing customers across the United States.

Naprotek, a portfolio company of Edgewater Capital Partners, has acquired MicroFab, Inc., a precision RF circuit fabrication and thin-film micro-machining business based in Manchester, New Hampshire. The MicroFab team and operations will be integrated into Naprotek's East Coast operations at SemiGen to expand Naprotek's RF and thin-film manufacturing capabilities for defense, medical, and telecom end markets.

River Associates Investments, LP acquired Humphrey's Industrial Products, Inc. (d/b/a The Rubber Group) in a transaction that closed on July 15, 2022. The Rochester, New Hampshire-based manufacturer of custom compression and injection-molded rubber products will be backed by River to pursue growth and add-on acquisitions; financing was provided by Bell Capital Finance (a division of Bell Bank).

Marco Rubber & Plastics, a portfolio company of Align Capital Partners, has acquired Ipotec LLC, a New Hampshire-based manufacturer of highly engineered silicone rubber products serving industrial, semiconductor, automotive, aerospace and medical end markets. The add-on expands Marco's product portfolio, sourcing capabilities and technical expertise while Ipotec founder Alan Randle will remain involved to support the transition.

Allied Motion Technologies (Nasdaq: AMOT) has acquired Airex, LLC, a 70-year-old Somersworth, New Hampshire manufacturer of high-precision electromagnetic components and motors. The acquisition expands Allied Motion's motor and electromagnetic product offerings and supports key end markets including defense, life sciences, semiconductor and other industrial applications; financial terms were not disclosed.

G.S. Precision, a portfolio company of AE Industrial Partners, has acquired SMC Aerospace, a family-owned manufacturer of engineered tubes and machined components serving the aerospace and defense markets. The add-on expands G.S. Precision’s capabilities in precision tube and machined part manufacturing and will integrate SMC’s New Hampshire facilities and leadership into GSP operations.

Intervala LLC, a Primerock Capital portfolio company, has acquired EPE Corporation of Manchester, New Hampshire. The add-on expands Intervala's manufacturing capacity and capabilities in the U.S. Northeast—increasing total operating space and bringing on top-tier defense and other high-reliability customers—while former EPE CEO James D. (JD) Bell Jr. joins Intervala as vice president and general manager for the region.

Crestview Partners has completed the acquisition of Emerald EMS from New Water Capital, with Emerald's CEO Vic Giglio continuing to lead the company. Headquartered in Salem, New Hampshire, Emerald is a high-mix, low-volume electronics manufacturing services provider operating six U.S. facilities and one in China; financial terms were not disclosed. Crestview intends to invest in the business and pursue additional add-ons and capability expansion to accelerate Emerald's growth.

Union Park Capital has acquired ProPhotonix Limited and will integrate the business into its Exaktera group. ProPhotonix, a designer and manufacturer of OEM laser modules and LED illumination solutions serving industrial, medical and scientific markets, will continue to be led by CEO Tim Losik and expand Exaktera's capabilities in optical and lighting components.

Global Precision Products, LLC has acquired Will-Mor Manufacturing, LLC, a Seabrook, New Hampshire-based precision contract manufacturer of mission-critical aerospace and defense components. The deal, completed in November 2021, was completed in parallel with subordinated debt and equity provided by Aldine Capital Partners alongside Touchpoint Capital Partners and expands Global's capabilities in tight-tolerance machining and high-temp superalloy work.

onsemi has completed its acquisition of GT Advanced Technologies (GTAT), a U.S.-based producer of silicon carbide (SiC). The acquisition strengthens onsemi's SiC crystal growth and wafer capabilities to secure supply for EV, EV charging and energy infrastructure markets and onsemi plans to invest in GTAT's manufacturing and R&D to scale 150mm and 200mm SiC production.

Naprotek, a portfolio company of Edgewater Capital Partners, has completed the acquisition of SemiGen, Inc., a Londonderry, New Hampshire-based RF/microwave component and manufacturing services provider. Patriot Capital supported the transaction with subordinated debt and an equity co-investment; the deal expands Naprotek's RF/microwave product, assembly and test capabilities and extends its geographic reach across the United States.

Locus Robotics, a Wilmington, Massachusetts-based leader in autonomous mobile robots (AMRs) for fulfillment warehouses, has acquired Waypoint Robotics, a Nashua, New Hampshire developer and manufacturer of industrial-strength omnidirectional mobile robots. The acquisition expands Locus's product portfolio to address heavier-payload and new warehouse use cases, accelerating product development and opening new market opportunities in logistics and e-commerce fulfillment.

ProAmpac, a Cincinnati-based flexible packaging company owned by Pritzker Private Capital, has acquired APC Paper Group, a producer of 100% recycled kraft paper packaging with mills in New Hampshire and New York. The add-on acquisition expands ProAmpac's paper manufacturing capabilities and strengthens its position in recyclable and sustainable packaging products.

Momentum Manufacturing Group, a large specialty metal manufacturer headquartered in Georgetown, Massachusetts, has acquired H&M Metals of Amherst, New Hampshire. The acquisition adds roughly 100,000 square feet of manufacturing capacity and nearly 100 employees to Momentum's operations, expanding its sheet metal fabrication, assembly and value‑added manufacturing capabilities in the Northeast.

Denver-based Krayden, Inc., a distributor of specialty chemicals and engineered solutions, has acquired Northern Composites of Hampton, New Hampshire. Northern Composites — a distributor and manufacturer of composite materials and vacuum bagging products — will continue operating at its Hampton, NH and Greensboro, NC facilities with existing employees retained; Krayden intends to leverage Northern Composites' manufacturing and kitting capabilities to broaden its product offering and technical service footprint.

Behrens Investment Group, a New York–based investment firm, acquired the assets of Gorham Paper & Tissue and White Mountain Tissue (the Gorham mill) at the end of 2020. The mill will operate as White Mountain Paper Company under new leadership and Behrens plans significant infrastructure and sustainability investments to modernize production and grow tissue and towel output for the North American market.

Spartech, a St. Louis-based plastics manufacturer and portfolio company of Nautic Partners, has acquired Tufpak, Inc., an Ossipee, New Hampshire-based maker of medical-grade engineered plastic films and autoclave/biohazard bags. The deal expands Spartech's healthcare and biopharma packaging capabilities by adding Tufpak's proprietary polypropylene blown film extrusion technology and product lines.

DelCam Holdings (operating as DelCam Manufacturing) acquired PlasTech Machining & Fabrication from founders Lou and Claire Ferriero, with the transaction closing on November 6 (terms were not disclosed). The buyer has kept the Bow, New Hampshire facility and invested in equipment and staffing to grow the precision plastics machining business, which supplies medical device, semiconductor, marine and electronics customers.

Frazier Healthcare Partners acquired EPTAM Precision Solutions from New Heritage Capital in a transaction that closed in December 2019; terms were not disclosed. Frazier named Operating Partner Mark Kemp as CEO and plans to accelerate EPTAM's growth and expand its precision manufacturing capabilities for medical device and other high-precision end markets.

NSA Industries, a New England contract manufacturer headquartered in St. Johnsbury, Vermont, has acquired Vitex Extrusion, a fully integrated aluminum extrusion manufacturer based in Franklin, New Hampshire. The acquisition expands NSA's manufacturing capabilities into aluminum extrusions and strengthens its contract manufacturing, machining and fabrication service offering for end markets including lighting, solar energy and automotive accessories.

Makers Forward, LLC acquired the assets of New Hampshire Industries, Inc. and Phoenix Distribution and consolidated operations into NHI Mechanical Motion, LLC. The acquisition preserves existing management and employees and aims to strengthen the company's manufacturing and distribution capabilities serving outdoor power equipment, material handling, agricultural and other industrial end markets.

Gowanda Components Group (GCG) has acquired RCD Components, a Manchester, New Hampshire-based manufacturer of resistors, capacitors, coils and delay lines serving commercial, military and aerospace markets. The deal expands GCG's passive component product breadth and manufacturing capabilities; terms were not disclosed and RCD will continue operating from its Manchester facility with additional support sites in the Caribbean and Asia.

VirTex Enterprises, an EMS platform affiliate of Insight Equity, has acquired Circuit Technology LLC (Cirtech), a Merrimack, New Hampshire-based electronics manufacturing services company, from its founders. The add-on expands VirTex's geographic reach into the northeast aerospace and defense corridor and brings flex-board production and additional high-reliability manufacturing capabilities to the VirTex platform.

Tinicum, L.P. (managed by Tinicum Incorporated) has acquired Astrodyne TDI from Audax Private Equity. Astrodyne, a Nashua, New Hampshire-based developer and manufacturer of specialized power supplies, EMI filters and electronic control products serving medical, military, aerospace and industrial markets, has over 600 employees across the U.S. and China.