Manufacturing Acquisitions in North Carolina

ProSys Fill LLC, a Webb City, Missouri-based filling equipment manufacturer, has purchased Pendergraph Machines of Durham, North Carolina. The acquisition brings hot-melt and cosmetic/ nutraceutical filling capabilities into ProSys's product portfolio to complement existing filling lines and expand its addressable markets.

Sigma Companies International Corp. (SIGMA), a Wind Point Partners portfolio company, has acquired Masonry Supply, Inc. (MSI), a Selma, North Carolina-based manufacturer of municipal waterworks castings and polymer enclosures. The deal expands SIGMA’s waterworks product portfolio and Southeast U.S. fulfillment capabilities, with MSI leadership (Jacob Nash) remaining in commercial leadership.

Brodie Generational Capital Partners (BGCP), a single-family office, has acquired Sur-Seal, LLC from Heartwood Partners III, LP. Sur-Seal—an advanced materials converting and engineered solutions manufacturer serving EV/automotive, HVAC, medical and industrial markets—will remain led by CEO Pete Futia and the existing management team; transaction terms were not disclosed.

Kingswood Capital Management, LP has acquired Daramic, a global manufacturer of polyethylene and phenolic resin-based lead battery separators, from Asahi Kasei. The deal is a corporate carveout intended to support Daramic's next phase of growth and strengthen Kingswood's presence in the automotive aftermarket; Chad Schuchmann will become Daramic's CEO.

Platinum Equity has completed the acquisition of PlayPower, a designers and manufacturer of recreational and outdoor living systems, from Littlejohn & Co. PlayPower is headquartered in Huntersville, North Carolina and operates manufacturing and distribution networks across North America and Europe; financial terms were not disclosed. Platinum Equity intends to support PlayPower's organic growth and pursue complementary acquisitions to expand the company's family of brands.

Lennox International completed the acquisition of NSI Industries' HVAC division, including the Duro Dyne and Supco brands, expanding its HVAC parts and supplies portfolio. The divestiture—announced by Sentinel Capital Partners—enables NSI to refocus on its core electrical products business while strengthening Lennox’s lifecycle offerings for residential and commercial customers.

DelCam Capital has acquired Gaston Electronics and will integrate the company into its Space Age Electronics platform. The acquisition adds UL 508A industrial control panel design and vertically integrated electronics manufacturing capabilities (box builds, prefabrication) to Space Age, expanding its HVAC, fire/life-safety, medical device and government end-market capabilities and geographic footprint.

Kinderhook Industries has acquired Advanced Digital Cable Inc., a U.S. manufacturer of low-voltage copper wire and cable solutions founded by the Payne family in 1997. Kinderhook will position ADC as a platform for growth, recruiting industry executive Kurt Breischaft as CEO and providing financing support from Eldridge, Twin Brook Capital Partners, and MUFG.

Continuim Equity Partners, a Pittsburgh-based private equity firm, has acquired NC Filtration, a Belmont, North Carolina manufacturer of consumable air filtration products and negative air units. The deal serves as Continuim’s second platform investment in CEP Fund II and the initial investment within its Air Filtration investment thesis; Continuim will partner with the founding Kershaw family and install industry veteran Phil Whitaker as CEO to accelerate growth and pursue a nationwide platform strategy.

Mayville Engineering Company, Inc. (MEC) completed the acquisition of Accu‑Fab, LLC from strategic holding company Tide Rock for $140.5 million in cash, effective July 1, 2025. The deal expands MEC's metal fabrication capabilities and accelerates its entry into the high‑growth critical power infrastructure and data center end markets.

H3 Manufacturing Group, a Rock Gate Partners portfolio company, has acquired RFR Metal Fabrication, a precision metal fabrication shop based in Oxford, North Carolina. The add-on expands H3's multi-operation manufacturing capabilities (laser cutting, CNC machining, welding, powder coating and automated busbar fabrication) to better serve power distribution, power quality and data center customers following H3's recent recapitalization with Rock Gate Partners and Ironwood Capital.

Generation Food Rural Partners I (GFRP), a fund managed by Big Idea Ventures, announced the merger of TerraSafe Materials, Inc. and DisSolves, Inc., combining TerraSafe's platform technology with DisSolves' edible, food-grade film technology. The consolidated company will operate under the TerraSafe brand to accelerate commercialization of 100% plastic‑free packaging solutions for the food and consumer goods markets.

Pittsburgh-based Pro Towels has acquired Lifestyles by Ramco, a division of North Carolina-based Ramco, to expand its dye sublimation capabilities and enter lifestyle and home décor product categories. The acquisition is intended to streamline operations, reduce lead times and increase U.S. manufacturing of customizable items; financial terms were not disclosed.

Protective Industrial Products, a portfolio company of Odyssey Investment Partners, has completed the acquisition of Honeywell's Personal Protective Equipment (PPE) business in an all-cash transaction valued at $1.325 billion. The deal adds well-known brands (including Howard Leight, North, Miller, Salisbury and others), expands PIP's product offering and global footprint, and represents a divestiture by Honeywell to simplify its portfolio.

Lubrication Engineers, Inc. (LE), a PE-backed developer and manufacturer of industrial lubricants, has acquired RSC Bio Solutions, a Charlotte-based maker of sustainable, biodegradable lubricants for marine and industrial customers. The deal expands LE’s sustainable product portfolio and is LE’s second acquisition since partnering with Aurora Capital Partners in September 2023.

Textiles Monterey Group has acquired the Patrick Yarns facility in Kings Mountain, North Carolina (previously part of Coats Group) and will operate the site as FilSpec USA. The site will join FilSpec's existing Sherbrooke, Quebec operations to expand production capacity for technical specialty spun yarns across North America and Europe.

Wilmington-based Tidewater Investment Company has acquired Technical Coating International Inc. (TCI), a Leland, North Carolina contract coater and laminator, in a transaction completed in February. Tidewater plans to keep TCI’s core leadership in place while appointing operating partner Bill Brinkley as CEO and pursue expansion into new end markets such as food and beverage packaging, military applications, upholstery, and outdoor coverings.

Davalor Mold Company, LLC, a portfolio company of Blackford Capital, acquired Industrial Molding Corporation from NN, Inc. as the first add-on to the Davalor platform. The acquisition expands Davalor's manufacturing capabilities and leadership bench, supporting continued platform growth and capability expansion.

ASSA ABLOY has acquired InVue, a US-based provider of precision-engineered connected asset protection and access control solutions, expanding ASSA ABLOY’s capabilities in access control and retail asset protection. InVue, founded in 1986 and headquartered in Charlotte, North Carolina, reported roughly $165 million in 2024 sales and about 260 employees; ASSA ABLOY says the acquisition will be accretive to EPS from the start.

Ares Management funds have acquired a majority of Form Technologies' common equity as part of a financing package that injected approximately $304 million of new equity to deleverage the company and support strategic growth. The capital—$154 million of common equity from Ares, the D. E. Shaw group and Onex Credit, plus $150 million of preferred equity from the D. E. Shaw group and Ripple Industries—will fund investments in operational capabilities and commercial expansion across Form Technologies' global manufacturing footprint.

May River Capital has merged its portfolio companies Advanced Material Processing (AMP) and Automated Handling Solutions (AHS) into a single platform rebranded as Akona Process Solutions, headquartered in Charlotte, North Carolina. The consolidated business unifies the Cablevey, Kason, Marion and Spiroflow brands to provide material processing and material handling equipment plus aftermarket parts and services for food & beverage, pharmaceutical, nutraceutical and chemical end markets.

GCM, a portfolio company of Avista Healthcare Partners, acquired the assets of Precision Swiss Products (PSP), adding a state-of-the-art 50,000+ sq ft manufacturing facility in Wilmington, North Carolina. The asset purchase expands GCM's precision machining and micro-feature manufacturing capabilities and broadens its customer access across medical device, aerospace and semiconductor capital equipment markets.

Precision Roll Solutions, a portfolio company of Guardian Capital Partners, acquired Charlotte-based ARC International on December 9, 2024. The add-on purchase expands PRS's engraving and manufacturing capabilities for the corrugated packaging market, increasing capacity and product offering; terms were not disclosed.

Sentinel Capital Partners has acquired NSI Industries, a Huntersville, North Carolina-based manufacturer and supplier of branded electrical and HVAC components, from Odyssey Investment Partners. Financial terms were not disclosed; Sentinel says the transaction creates a new platform that builds on the firm's experience in branded electrical products and aims to support NSI's continued growth across distribution and manufacturing capabilities.

Trystar, a portfolio company of Blackstone, has acquired Salient (formerly PSI Power & Controls / Salient Power Solutions) from LFM Capital. Salient is a Charlotte-headquartered OEM of custom switchgear and industrial controls serving data centers and other critical-power end markets; financial terms were not disclosed.

An affiliate of KT Capital (Atlanta, Georgia) has acquired a majority stake in Recycling Equipment Incorporated (REI) in a recapitalization alongside existing management and shareholders. The transaction positions REI — a designer, manufacturer and service provider of recycling equipment operating from Newton, North Carolina and Fort Worth, Texas — to accelerate growth and expand its market footprint in the eastern and southern United States.

Chicago-based private equity firm Wind Point Partners has acquired Clean Solutions Group (CSG), a U.S. manufacturer of nonwoven filtration media and sanitation products, from Branford Castle Partners (Fund II). CSG operates five manufacturing facilities across the Southeast with over 400 employees; Wind Point will partner with CEO Keith White and management to pursue organic expansion and an M&A-driven growth strategy to broaden production capabilities and end-market penetration.

Bradford White Corporation has acquired FloLogic, a North Carolina–based maker of IoT leak-detection and automatic shutoff systems for homes and light commercial buildings. The deal adds FloLogic’s smart plumbing hardware and monitoring platform to Bradford White’s product portfolio, expanding the company’s connected water‑protection capabilities.

onsemi has completed the acquisition of SWIR Vision Systems, a North Carolina–based developer of colloidal quantum-dot (CQD) short-wave infrared (SWIR) imaging technology. The deal brings SWIR Vision Systems and its team into onsemi’s Intelligent Sensing Group to integrate CQD SWIR capabilities with onsemi’s CMOS sensor manufacturing to expand sensing capabilities across industrial, automotive and defense markets.

NewSpring Mezzanine, the private credit strategy of NewSpring, has made an investment in MAC Panel in partnership with Alerion Capital Group. The capital will support MAC Panel — a High Point, North Carolina-based manufacturer of high-performance connectivity and mass interconnect solutions — as it looks to expand into broader domestic and international end markets including government, defense, automotive and aerospace.

Mazzella Companies has acquired Piedmont Hoist & Crane, a Winston-Salem, North Carolina-based manufacturer and servicer of overhead cranes and lifting equipment. The deal expands Mazzella's engineering, manufacturing and service capabilities, and Piedmont will operate as Mazzella Piedmont; terms were not disclosed.

SHL Medical, a Swiss developer and manufacturer of advanced drug-delivery systems, has acquired Superior Tooling Inc., a Wake Forest, North Carolina-based manufacturer of plastic injection molds and tooling. The acquisition strengthens SHL's in‑house tooling and vertical manufacturing capabilities ahead of the opening of a new US manufacturing site in North Charleston, South Carolina, and is intended to support global tooling needs with a particular focus on medical device applications.

InCompass, a platform company of TJM Capital Partners, has acquired Newman Machine Company, a long-established manufacturer of woodworking machinery. Financial terms were not disclosed; the deal expands InCompass’s woodworking machinery portfolio and strengthens its capabilities and global presence.

Carpenter Co., a Richmond, Virginia–based manufacturer of polyurethane foams, has agreed to acquire the flexible foam assets of NCFI Polyurethanes' Consumer Products Division in Mount Airy, North Carolina. The deal expands Carpenter's engineered-foams capacity and complements its existing operations in Conover, North Carolina, while adding product lines serving furniture, mattress, aerospace, marine and medical markets.

Ryder System, Inc. entered into a definitive agreement to acquire all outstanding equity of IFS Holdings, LLC (Impact Fulfillment Services), adding contract packaging, contract manufacturing and warehousing capabilities across 15 U.S. operations. The deal is expected to add about $250 million of annual revenue, retain roughly 1,000 IFS employees, and close in early November 2023 subject to customary approvals.

Saothair Capital Partners acquired the business and assets of MJM Yachts through a newly formed affiliate, Seolta Holdings, LLC. Peter Johnstone will serve as President and CEO of Seolta as Saothair provides capital and operational support to expand MJM's manufacturing capabilities and grow the MJM luxury yacht brand.

Tide Rock, a San Diego-based unlevered buyout firm, has acquired Accu-Fab, Inc., a precision metal contract manufacturer headquartered in Raleigh, North Carolina. The acquisition expands Tide Rock's coast-to-coast metal fabrication, machining, welding, finishing and assembly capabilities to serve customers across renewable energy, data center and heavy industrial end markets.

Los Angeles-based private equity firm Vance Street Capital has invested in Aero Group Holdings LLC, which operates Tempest Aero Group, a Burlington, North Carolina-based portfolio of FAA-PMA brands that design and manufacture replacement components for the general aviation market. Founders Tim Henderson and Mike Allen retain meaningful ownership, and Mike Allen will continue as CEO; financial terms were not disclosed.

Genesis Products has acquired Funder America, Inc., a long-established manufacturer of Thermally Fused Melamine (TFL) panels and components. The deal adds TFL manufacturing and related capabilities to Genesis' portfolio and expands its national footprint with Funder locations in North Carolina, Florida and Arkansas.

Marmon Holdings Inc., a Berkshire Hathaway company, has acquired AP Emissions Technologies, LLC, a manufacturer of catalytic converters, mufflers and exhaust systems headquartered in Goldsboro, North Carolina. AP's management team will remain in place and Marmon expects to invest in innovation and automation to grow AP's manufacturing and fulfillment capabilities across the automotive aftermarket and truck end markets.

Pioneer Square Brands (PSB), parent of Brenthaven, Gumdrop, and TechShell, has acquired VAULT, a designer and manufacturer of mobile device enclosures, kiosks, and integrated charging/payment solutions. The acquisition expands PSB's hardware and manufacturing capabilities and extends its product offering into new end markets including retail, restaurants, manufacturing, and healthcare. Terms were not disclosed.

Intradeco Holdings has acquired Indera Mills, a long-running family-owned manufacturer and one of the world’s largest suppliers of thermal underwear (brands include Coldpruf and Indera). The deal, announced by both companies, will combine Indera’s thermal expertise and production footprint with Intradeco’s global vertical-manufacturing capabilities; financial terms were not disclosed and John Willingham will remain President of Indera, a division of Intradeco Apparel Inc.

The Timken Company has acquired the assets of American Roller Bearing Company (ARB), a North Carolina-based manufacturer of industrial bearings that generated more than $30 million in sales in 2022. The asset purchase brings ARB's installed base, aftermarket business and two manufacturing facilities in Hiddenite and Morganton, North Carolina into Timken; the Succop family, which founded and owned ARB, sold the business.

Marcal Paper has acquired von Drehle Corporation, a provider of towel and tissue products for the away-from-home market. Von Drehle will operate as a division of Marcal, expanding Marcal's manufacturing footprint and scale across the East Coast and nationwide; financial terms were not disclosed.

Engineered Foam Packaging (EFP), a unit of EFP, LLC., has acquired NatureKool, Inc., a North Carolina-based maker of natural-fiber insulated shippers. The deal expands EFP's Temperature Solutions Group product set with compostable, curbside-recyclable natural-fiber thermal packaging and strengthens its cold-chain and sustainable packaging capabilities for pharmaceutical and food customers.

MPE Partners and its portfolio company Waterfront Brands have acquired Tide Tamer, a Snow Hill, North Carolina manufacturer and distributor of aluminum watercraft lifts, docks, and waterfront accessories. The add-on expands Waterfront's product portfolio and Southeastern footprint and brings Tide Tamer's Boat Lift Warehouse e-commerce channel into the Waterfront platform; deal financing was provided by Tree Line Capital Partners, Manulife Investment Management, Northwestern Mutual Capital and LBC Credit Partners.

Amphenol Corporation acquired Integrated Cable Assembly Holdings, Inc. (ICA) from Granite Bridge Partners in September 2022. The acquisition adds ICA’s network of U.S. and Mexico cable-assembly and wire-harness manufacturing facilities to Amphenol’s portfolio to expand manufacturing capacity, capabilities and end-market coverage.

Snow Peak Capital acquired Dalco Nonwovens, LLC and Global Felt Technologies, Inc. in partnership with Joey Duncan, who will continue to lead the businesses and retain significant ownership. The acquisition creates a Snow Peak platform to capture synergies across the two nonwovens manufacturers serving automotive, geotextile, furniture/bedding and industrial end markets.

Wincove Private Holdings, LP invested in PumpOne Environmental, LLC, a Cornelius, North Carolina-based designer and manufacturer of leachate extraction pumps and landfill accessory products. Wincove partnered with PumpOne founders Shawn and Michele Devinney and GM Larry Holmes to support the company's next stage of organic and inorganic growth.

Chicago-based private equity firm May River Capital acquired Spiroflow and combined it with Cablevey Conveyors to create Automated Handling Solutions (AHS). Northstar Capital provided junior debt and an equity co-investment to help finance the transaction; Spiroflow will continue operating under existing leadership to drive growth across food, pharmaceutical, nutraceutical and specialty chemical end markets.