Manufacturing Acquisitions in New Jersey

McDanel Advanced Materials and Richland Glass, both portfolio companies of Artemis, have completed a strategic merger that combines advanced ceramics, optical technologies (Rayotek) and precision specialty glass into a single materials-science platform. The combined organization will offer expanded engineered-materials and component solutions for mission-critical applications across aerospace, defense, life sciences, semiconductor and diversified industrial markets; financial terms were not disclosed.

Precision Concepts International (PCI), a portfolio company of The Sterling Group, has acquired Comar to create a scaled rigid packaging platform serving consumer and healthcare customers across North America. The deal expands PCI's product and geographic footprint and enhances customer and end-market diversification in rigid and medical plastic packaging.

Sanmina Corporation has completed the acquisition of the ZT Systems data center infrastructure manufacturing business from AMD. The deal expands Sanmina’s manufacturing capacity (facilities in New Jersey, Texas and the Netherlands), establishes a strategic U.S.-based NPI manufacturing partnership with AMD, and strengthens Sanmina’s position in the Cloud and AI infrastructure end market.

Blue Point Capital Partners-backed National Safety Apparel (NSA) has acquired Gemtor, Inc., a U.S. manufacturer of fall protection, confined space retrieval and rescue equipment headquartered in Matawan, New Jersey. The deal is an add-on to NSA’s platform strategy to expand product diversity, manufacturing capabilities and distribution strength.

Stellex Capital Management, a New York-based private equity firm, has acquired Crest Ultrasonics, a global manufacturer of ultrasonic cleaning and welding equipment with operations in the United States, Europe and Asia. Stellex said it will partner with Crest's management to drive operational improvements, accelerate growth initiatives and expand the company's global footprint; terms were not disclosed.

Rainier Partners-backed Wilmar, LLC has acquired EZRED, a designer, manufacturer, and distributor of lighting, tool organization, and hand tools for the automotive aftermarket. EZRED, based in Denville, New Jersey, will continue under CEO Bob Cacciabeve and is expected to bolster Wilmar's presence in the professional automotive channel while enabling cross-selling and faster product introductions.

First Priority Group (FPG), a diversified manufacturer and upfitter of emergency and specialty vehicles, has acquired P.L. Custom Body and Equipment Co., Inc. (PL Custom), a long-standing family-owned ambulance and rescue vehicle manufacturer based in Manasquan, New Jersey. Both businesses will continue to operate independently with existing management, employees and facilities retained as FPG supports PL Custom's growth and preserves its legacy in serving first responders.

TDK Corporation has acquired the assets related to the RF power business of QEI Corporation, a Williamstown, New Jersey-based designer and manufacturer of RF power generators and impedance matching networks for semiconductor plasma processing. The asset purchase expands TDK's semiconductor equipment offering—adding RF power solutions to its existing DC power supplies—to strengthen its position in the semiconductor equipment market and support growth tied to AI, IoT and data center demand.

Marco Rubber & Plastics, a portfolio company of Align Capital Partners, has acquired Colonial Seal Company, a specialty distributor of oil seals, O-rings, gaskets and shaft seals. The add-on expands Marco's product breadth and vendor relationships, enabling cross-sell opportunities and supply-chain augmentation across industrial and pharmaceutical end markets.

Keystone Capital Management has announced an investment partnership with Penta Fine Ingredients, a specialty chemicals and ingredient distributor/manufacturer headquartered in West Caldwell, New Jersey. As part of the transaction Keystone welcomes industry veteran Mike Size as Penta's CEO and intends to support Penta's growth and pursue add-on acquisition opportunities.

StenTech, an Align Capital Partners (ACP) portfolio company, has combined with BlueRing Stencils in an add-on transaction to expand SMT stencil, tooling and nano-coating capabilities across North America. The integration increases R&D and manufacturing capacity, strengthens supply-chain stability, and enhances service to electronics OEMs and contract manufacturers.

Chicago-based private equity firm Wind Point Partners has partnered with Sigma Companies International Corp., a Cream Ridge, New Jersey-based manufacturer and supplier of waterworks infrastructure products. Sigma's leadership will remain invested alongside Wind Point, which will support organic expansion and M&A to grow the business across North American water and wastewater end markets.

Inovar Packaging Group has acquired ModTek LLC, a regional prime label producer based in Pennsauken Township, New Jersey. The add-on acquisition expands Inovar’s Northeast production and distribution capacity and adds pressure-sensitive, flexographic/digital and premium embellishment capabilities to its platform.

TE Connectivity plc has completed the acquisition of Richards Manufacturing Co., a North American manufacturer of utility grid and underground distribution equipment. The deal will strengthen TE's capabilities and market position serving utilities amid a North American grid replacement and upgrade cycle, with Richards' management continuing to run the business during integration.

TIPCO Technologies, a Platte River Equity portfolio company, has acquired Flexline, Inc., a Kenilworth, New Jersey-based manufacturer of custom specialty hose assemblies. The add-on expands TIPCO's engineered hose capabilities and strengthens its presence in aerospace, pharmaceutical, cosmetics and semiconductor end markets as part of TIPCO's roll-up strategy under Platte River.

Gainline Capital Partners has acquired M&M International, a South Plainfield, New Jersey-based manufacturer of precision-engineered small-diameter stainless-steel tubing serving the medical device and other high-precision end markets. Gainline named Jeff Robertson CEO and plans to support accelerated organic growth, expand product capabilities (including a new 17-7 stainless offering) and pursue strategic add-on acquisitions.

Artemis Capital Partners, a Boston-based private equity firm, has acquired Richland Glass, an advanced materials manufacturer of specialty glass containment products based in Vineland, New Jersey. Under Artemis' ownership Richland will continue to operate independently with commitments for continued investments to expand capabilities and support growth into life sciences, environmental, aerospace and industrial end markets.

Pexco LLC, a North American engineered plastics manufacturer backed by Odyssey Investment Partners, has acquired K. Jabat Inc., a Green Brook, New Jersey-based custom plastic extrusion company. The deal expands Pexco's custom tubing, rod and profile capabilities and strengthens its presence across utilities, agriculture and infrastructure end markets.

Accudynamics, LLC — part of the Makers Forward family of companies — has acquired TAM Metal Products (aka TAM Precision, LLC), a Mahwah, New Jersey-based manufacturer of sheet metal enclosures, precision components and assemblies. The acquisition is an add-on to the Accudynamics Group intended to expand manufacturing capabilities, capacity and service offerings for aerospace, defense, medical and other commercial customers.

Carco PRP Ltd., through its U.S. subsidiary Columbia Holdings, Inc., has acquired T&E Industries Inc., a New Jersey-based provider of glass-to-metal seals and hermetic sealing solutions. The deal — for which PCE Investment Bankers served as exclusive advisor to T&E — preserves T&E's management team and is intended to expand Carco's capabilities and footprint in mission-critical markets such as aerospace & defense, semiconductors, and medical equipment.

AMSC (American Superconductor) has acquired Megatran Industries d/b/a NWL, a New Jersey-based manufacturer of transformers, inductors and power supplies, in a transaction with total consideration of approximately $62 million (cash plus stock and contingent payment). The deal expands AMSC's product offerings and military/industrial market footprint and is expected to be accretive to earnings as AMSC integrates NWL's capabilities and customer channels.

Graycliff Partners has made an investment in Diamond Chemical Company, a family-owned manufacturer of industrial and institutional cleaning and sanitation chemicals headquartered in East Rutherford, New Jersey. Graycliff will partner with Diamond's management to pursue growth through new products, geographies and end markets while allowing the existing team to continue operating the business.

Michael Baker International has acquired Gavan-Graham Electrical Products, a Union, New Jersey-based OEM of custom electrical switchgear and power distribution equipment. The acquisition strengthens Michael Baker’s Sustainable and Resilient Solutions (SRS) vertical by adding in-house manufacturing capabilities, enabling end-to-end MEP and critical power solutions for energy, data center, pharmaceutical and industrial customers.

PrecisionX Group, a portfolio company of CORE Industrial Partners, has acquired National Manufacturing Co., a Piscataway, New Jersey-based specialist in deep and shallow drawn metal stamping and precision CNC machining. The deal expands the PrecisionX platform’s manufacturing capabilities and capacity—particularly in medical and aerospace end markets—adding National’s 90,000 sq. ft. facility and extensive tooling and finishing capabilities to the platform.

Luxium Solutions, an affiliate of private equity firms SK Capital Partners and Edgewater Capital Partners, acquired Inrad Optics in an all-cash transaction valued at approximately $19 million (including assumed debt) and $1.10 per share. The deal, completed July 2, 2024, makes Inrad a privately held, U.S.-controlled business and is intended to expand Luxium's optics and photonics manufacturing capabilities and capacity.

Pfingsten’s portfolio company Sign-Zone, LLC d/b/a Showdown Displays has acquired AAA Innovations, a custom manufacturer of umbrellas, coolers and outdoor recreational products based in Norwood, New Jersey. The add-on deal (closed April 8, 2024) is intended to add production capacity, expand geographic presence and accelerate growth while retaining AAA’s president, Jeff Nanus, in his role.

Daburn Electronics and Cable has acquired Piping Solutions, a Bridgewater, New Jersey-based pipe fabrication and process skid design and manufacturing company. Piping Solutions will operate as a division of Daburn, expanding Daburn's skid assembly design and manufacturing capabilities and adding staff at the Bridgewater facility.

Goff's Enterprises, LLC has acquired Tailored Dock Products, a New Jersey-based manufacturer of dock seals and shelters. The purchase expands Goff's manufacturing capabilities and strengthens its position in the dock seal and shelter market; Tailored Dock Products will be rebranded as Goff's Enterprises – New Jersey.

MXD Process has acquired Branch Environmental Corporation, a Somerville, New Jersey–based designer and manufacturer of air and water purification systems. The deal brings Branch’s three-decade product and engineering capabilities into MXD’s process engineering and equipment manufacturing platform, with Branch retaining its brand and Somerville operations; MXD engaged Soterra Capital and Neas P.C. for advisory and legal support, while Branch was advised by Norris McLaughlin, P.A.

ILUS International Inc. acquired a controlling 91.5% interest in Samsara Luggage, Inc. by purchasing and converting a $600,684.93 convertible note held by YAII PN, LTD into common stock. ILUS will repurpose Samsara from a luggage manufacturer/distributor into a special purpose vehicle for its Emergency Response Technologies subsidiary and will merge ILUS's emergency-response businesses into Samsara to support planned expansion and future acquisitions in the emergency vehicle market.

Flokk, a Triton portfolio company and leading European office-furniture manufacturer, has signed an agreement to acquire U.S.-based Stylex. The add-on acquisition — expected to close on 31 January 2024 — expands Flokk's U.S. presence, complements its 9to5 Seating brand with Stylex's strength in soft seating, and increases group revenues to about EUR 400 million.

Dallas-based Surge Private Equity closed a majority investment in Coastal Amusements, Inc., a Lakewood, New Jersey designer, manufacturer and importer of coin-operated ticket and prize redemption games. NorthCoast Mezzanine and Minnesota Bank & Trust provided financing for the transaction, with BakerHostetler and Moss Adams advising and CoView Capital acting as Coastal's advisor. Surge said the partnership will support product development, growth initiatives and continued management continuity (founders Sal and Lenny will remain with the company).

Granite Creek Capital Partners, a Chicago-based private investment firm, has acquired NYP, LLC (d/b/a NYP Corp.), a value-added packaging manufacturer and distributor headquartered in Elizabeth, New Jersey. As part of the transaction Robert Dahl was named CEO and Granite Creek partners joined NYP's board; sellers included long-time owner-operators Christopher and Jerry LaBelle. Granite Creek said it will support product diversification, expansion, and continued growth at the company.

Saatva has entered into a merger with Bedding Industries of America (BIA), bringing BIA’s manufacturing footprint and licensing portfolio under Saatva’s control to create greater end-to-end supply chain ownership. TZP Group will maintain its investment in Saatva; financial terms were not disclosed. The combination is intended to expand manufacturing capabilities, create operational efficiencies, and accelerate growth for Saatva’s DTC and showroom business.

National Carwash Solutions (NCS) has acquired Panaram International Trading Co., which does business as USA Towel (USAtowl / formerly Carwashworld). The deal brings USA Towel’s towels, customized laundry products and Continental E-Series ExpressWash washer-extractors into NCS’s portfolio to expand its bundled product and service offering for carwash owners and operators across North America.

Nelson Miller Group, a New Water Capital portfolio company, has acquired Injection Works, a Mount Laurel, New Jersey-based custom thermoplastic injection molder. The add-on expands NMG's North American manufacturing footprint and capabilities, enhancing its ability to deliver engineered plastic components and value-added assembly and engineering services to medical, industrial and electrical end markets.

Clark-Reliance, a Strongsville, Ohio-based manufacturer of level instrumentation and process observation equipment, has acquired John C. Ernst & Co., Inc., a Sparta, New Jersey-based maker and distributor of sight flow indicators, liquid level gauges and flow meter products. The acquisition expands Clark-Reliance's portfolio and capabilities in engineered measurement and process observation equipment; the Wolfe brothers, owners of John C. Ernst, were represented by Wiley Brothers – Aintree Capital in the sale.

Environmental Lights, a San Diego-based LED lighting supplier, has acquired City Theatrical (including its U.S. and U.K. entities) to expand its product portfolio and global footprint in the scenic and theatrical lighting market. City Theatrical will continue to operate under its brand with existing leadership retained, combining complementary product lines such as Multiverse Wireless DMX and QolorFLEX LED lighting.

Trident Maritime Systems, a portfolio company of investment affiliates of J.F. Lehman & Company, acquired the assets of Custom Alloy Corporation through a Section 363 bankruptcy auction. The add-on strengthens Trident's manufacturing capabilities and expands its presence on key U.S. Navy nuclear vessel programs by integrating Custom Alloy's specialty alloy forgings, fittings, and piping capabilities.

Accudynamics, LLC, a portfolio company of Makers Forward, LLC, has acquired the Swiss screw machining / metal products business of Star-Glo Industries (now operating as Star Glo Precision, LLC). The acquisition adds precision Swiss machining capacity and capabilities to Accudynamics' operations and brings Star Glo's metal-products employees into the Makers Forward family; terms were not disclosed.

DWK Life Sciences, a portfolio company of One Equity Partners, has completed the acquisition of Assem-Pak | Aluseal, a Vineland, New Jersey-based manufacturer of rubber stoppers, aluminum seals, and value-added packaging services. The deal (an add-on to DWK's platform) expands DWK's primary packaging capabilities and U.S. manufacturing footprint to offer more bundled solutions to life science and pharmaceutical customers.

Calibre Scientific has acquired Greenwood Products, a U.S. manufacturer and provider of laboratory glass and plastic bottles, vials, tubes and other consumables headquartered in Piscataway, New Jersey. The acquisition adds Greenwood's five U.S. manufacturing and warehouse facilities to Calibre's portfolio, expanding its U.S. manufacturing footprint and broadening its product offering across end markets such as environmental testing, pharmaceuticals, and food & flavors.

Gerard Daniel Worldwide, a Graycliff Partners portfolio company, has acquired Wire Cloth Manufacturers Inc. (WCM), a Mine Hill, New Jersey-based maker of woven and welded wire mesh. The add-on expands Gerard Daniel’s manufacturing and distribution footprint, and the transaction was supported with subordinated debt and a co-investment from Brookside Capital Partners alongside co-investors Kemper Corporation and Westfield Insurance, creating one of North America’s largest wire mesh suppliers.

Mill Rock Capital has launched a new growth platform, Mill Rock Advanced Materials LLC, and concurrently acquired Asbury Carbons, Inc. from the Riddle family and Asbury's Employee Stock Ownership Plan. As part of the deal, Stephen A. Riddle invested in the company and will remain on the board; Mill Rock named Gregg A. Jones CEO and announced several senior hires to support growth and selective acquisitions; financial terms were not disclosed.

MACOM Technology Solutions Holdings, Inc. acquired Linearizer Communications Group, a New Jersey-based developer of non-linear microwave predistortion and microwave photonic subsystems, for approximately $49 million in cash. The acquisition strengthens MACOM's component and subsystem design capabilities for industrial, telecommunications and defense end markets and is expected to be immediately accretive to adjusted EPS.

Houston-based Integrated Utility Services (IUS) acquired the assets of New Jersey-based Stuart Steel Protection Corporation (SSPC) and will operate them under the newly formed Stuart Steel Protection, LLC. The asset purchase adds domestic manufacturing, packaging, and distribution capabilities for corrosion control products (e.g., magnesium anodes) to IUS's energy-focused MRO and project services offering.

Ennis, Inc. (NYSE: EBF), a Midlothian, Texas-based printed products manufacturer, has acquired School Photo Marketing, a Morganville, New Jersey company that provides printing, yearbook publishing and marketing services to over 1,400 school and sports photographers. Ennis said the acquisition expands its reach into the school/sports photography channel and will leverage Ennis’ manufacturing operations to service the new customers; School Photo Marketing will continue to operate from its current locations.

The Timken Company completed the acquisition of GGB, EnPro Industries’ mission-critical surface engineering and bearing business, for total proceeds of $305 million (subject to closing date purchase price adjustments). EnPro completed the divestiture to streamline its portfolio around Advanced Surface Technologies and Sealing Technologies and to reduce leverage; Timken said the deal expands its engineered bearing portfolio and complementary capabilities.

Pexco LLC, a North American specialty plastics manufacturer, has acquired Plastic Profiles, a Parsippany, New Jersey-based maker of fluoropolymer rods, tubes and compression molded sheets. The add-on expands Pexco's technical capabilities in high-performance polymers and broadens its product offering for end markets including semiconductors, aerospace & defense, life sciences and industrial applications.

Winsert, a portfolio company of Altus Capital Partners, has acquired Alloy Cast Products, Inc. (ACP), an investment casting and machining manufacturer of exotic cobalt alloys based in Kenilworth, New Jersey. The transaction is Altus' first add-on for Winsert since acquiring the platform earlier in 2022 and expands Winsert's casting and machining capabilities for aerospace, power generation, emissions control, and OEM customers.