Manufacturing Acquisitions in North Dakota

A group of private investors led by Lateral Industries Holdings, LLC has acquired Aaseby Industrial Machining of Wahpeton, North Dakota. Aaseby is a precision machining and assembly provider serving hydraulic, defense, transportation, agriculture, energy and construction end markets; Calder Capital served as M&A advisor and the transaction terms were not disclosed.

AGCO has agreed to acquire Appareo Systems, a Fargo-based provider of software engineering, hardware development and electronic manufacturing, to strengthen AGCO's engineering and manufacturing capabilities and expand its software and hardware development capacity. The acquisition, announced December 21, 2021, is expected to close in January 2022, and AGCO intends to retain Appareo's team and operations in Fargo, North Dakota and Paris, France.

SureWerx USA, a portfolio company of The Riverside Company, has acquired Sure Foot Corporation, maker of the Due North line of winter traction aids. The add-on purchase (terms undisclosed) expands SureWerx's PPE and safety product portfolio; Golub Capital provided debt financing for the deal.

Akoya Capital Partners, in partnership with Marquette Capital Partners, Merion Investment Partners and Indigo's management, has acquired Indigo Signworks, a Fargo, North Dakota-based manufacturer of exterior and interior signage. The investor group plans to work with existing management to expand product lines, customer relationships and the company’s geographic footprint.