Tracked deals
34
34 tracked deals across 2017-2026.
Manufacturing Buyers & Acquisitions in Utah
Buyer mix
Mixed buyer set
24 strategic · 22 pe
Top trend
Volume peaked in 2021
9 tracked deals announced in 2021.
Primary Insight
What Stands Out
- Platform + add-on strategy is a common structure: deals like Vision Graphics acquiring Queen of Wraps are framed as expansion of a platform.
- Aerospace, defense, and electronics show up in multiple ways—e.g., advanced materials for electronics and EMI shielding, and small-diameter energetic propulsion capabilities.
- Industrial manufacturing capacity matters: acquisitions include new or expanded facilities (such as a Salt Lake City–area manufacturing footprint) and capability additions like vacuum chambers and test systems.
- End-market diversity is frequently emphasized, from aerospace and medical to industrial, energy, logistics, and datacom.
| Recurring buyer / sponsor | Notable Utah acquisition theme |
|---|---|
| Banner Capital Management, LLC | Growth capital and add-on expansion (e.g., vehicle wraps) |
| Rockwood Equity Partners | Capability expansion via manufacturing add-ons |
| Heartwood Partners (Somafina) | Contract manufacturing adds formats + in-house testing |
| Victaulic | Manufacturing footprint expansion in the western U.S. |
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Top Buyers
Illustrative buyers pulled from tracked transactions on this page. This table is capped and intentionally non-exhaustive.
| Buyer | # Deals | Focus | Type |
|---|---|---|---|
| Banner Capital Management, LLC | 2 | Private equity firm providing partnership capital to grow... | PE |
| AE Industrial Partners, LP | 1 | Private equity firm focused on aerospace, defense & gover... | PE |
| Aceto | 1 | Global supplier and manufacturer of differentiated specia... | Strategic |
| American Holt | 1 | Technology-enabled supplier of aftermarket replacement pa... | Strategic (PE-backed) |
| Arcline Investment Management | 1 | Growth-oriented private equity firm that builds industria... | PE |
| Atlas Copco Group | 1 | Global industrial equipment manufacturer specializing in ... | Strategic |
| Bain Capital Credit | 1 | Global credit specialist and investment firm providing cr... | PE |
| Blue Sea Capital | 1 | Private equity firm investing in lower middle‑market comp... | PE |
| Brady Corporation | 1 | International manufacturer and marketer of identification... | Strategic |
| Branford Castle Partners II | 1 | Lower-middle-market private equity firm focused on contro... | PE |
Acquisition Volume in Manufacturing in Utah by Year
Last 9 years
Actual
Full-year estimate
Supporting Data
Recent Transactions
-
- Buyer
- Principal Mineral
- Target
- Conductive Group
- Industry
- Manufacturing
- Location
- Utah, United States
- Type
- Buyout
Principal Mineral announced the acquisition of Conductive Group, an advanced materials manufacturer focused on electrically conductive composite technologies and EMI shielding solutions. The deal is intended to expand Principal Mineral’s advanced materials stack for electronics, aerospace, autonomy, and secure communications to support resilient and trusted supply chains.
-
March 23, 2026
- Buyer
- Heliostar Metals Ltd., Helio Five Resources Ltd.
- Target
- Specialty American Metals Inc., Pilot Goldstrike Inc.
- Seller
- Liberty Gold Corp.
- Industry
- Manufacturing
- Location
- Utah, United States
- Type
- Buyout
Heliostar Metals Ltd. entered into a binding agreement to acquire a 100% interest in the Goldstrike gold project in Utah, through its wholly owned subsidiary Helio Five Resources Ltd. The deal will be executed by purchasing Specialty American Metals Inc., which owns Pilot Goldstrike Inc. and holds the Goldstrike Project.
-
February 9, 2026
- Buyer
- MasterCraft Boat Holdings, Inc.
- Target
- Marine Products Corporation
- Seller
- LOR, Inc.
- Industry
- Manufacturing
- Location
- Utah, United States
- Type
- Buyout
MasterCraft Boat Holdings entered into a definitive agreement to acquire Marine Products Corporation for approximately $232.2 million in a cash-and-stock transaction (net of acquired cash). The deal combines MasterCraft with Marine Products’ Chaparral and Robalo brands and is expected to close in the second calendar quarter of 2026, subject to customary conditions and shareholder approvals.
-
August 19, 2025
- Buyer
- Rockwood Equity Partners
- Target
- ZERO Manufacturing
- Industry
- Manufacturing
- Location
- Utah, United States
- Type
- Buyout
Rockwood Equity Partners has acquired ZERO Manufacturing, a designer and manufacturer of aluminum and molded-plastic protective cases, enclosures, components and sub-assemblies. Rockwood will partner with ZERO's leadership to expand production capabilities, pursue strategic add-on acquisitions, and drive growth across ZERO's end markets including aerospace, medical, industrial, energy, logistics and datacom.
-
- Buyer
- Karman Space & Defense
- Target
- Industrial Solid Propulsion (ISP)
- Industry
- Manufacturing
- Location
- Utah, United States
- Type
- Buyout
Karman Space & Defense (NYSE: KRMN) has acquired Industrial Solid Propulsion ("ISP"), a Cedar City, Utah-based supplier of small-diameter energetic propulsion technologies, with the transaction closing May 28, 2025. The deal was funded primarily with $50 million in cash, approximately $5 million in Karman common shares and up to $5 million in potential earnout payments, and is intended to deepen Karman's energetics and small-diameter solid propellant capabilities for UAS, counter-UAS and rocket-assisted takeoff markets.
-
- Buyer
- Corinthian Capital Group, Valesco Industries
- Target
- Trimlight, Inc.
- Industry
- Manufacturing
- Location
- Utah, United States
- Type
- Recapitalization
An affiliate of Corinthian Capital Group, in partnership with Valesco Industries, has acquired a majority interest in Trimlight, Inc., a West Jordan, Utah-based pioneer in permanent exterior LED lighting. The transaction was structured as a majority recapitalization to support Trimlight's growth — the company sells through a network of more than 300 exclusive dealers across the United States and Canada; FS Investments provided debt financing and D.A. Davidson acted as Trimlight's financial advisor.
-
January 2, 2025
- Buyer
- Vision Graphics, Banner Capital Management, LLC
- Target
- Queen of Wraps
- Seller
- Bryan Griffith, Griffith family
- Industry
- Manufacturing
- Location
- Utah, United States
- Type
- Addon
Vision Graphics, in partnership with private equity firm Banner Capital Management, acquired Queen of Wraps, a Utah-based commercial vehicle wrap and large-format graphics provider. Queen of Wraps will operate as a wholly-owned subsidiary of Vision Graphics with founders Bryan Griffith and the Griffith family remaining significant owners; the deal is intended as an add-on to the Vision Graphics platform to expand vehicle-wrap capabilities and accelerate geographic growth.
-
November 20, 2024
- Buyer
- Thermal Product Solutions LLC
- Target
- Redline Chambers
- Industry
- Manufacturing
- Location
- Utah, United States
- Type
- Addon
Thermal Product Solutions LLC (TPS), a New Columbia, Pennsylvania-based thermal-processing equipment manufacturer, has acquired Redline Chambers, a Clearfield (Salt Lake City), Utah-based maker of vacuum chambers and systems. The purchase expands TPS’s vacuum chamber and test-systems capabilities to better serve aerospace, defense, medical and electronics customers as part of its family of thermal processing and test brands.
-
September 23, 2024
- Buyer
- American Holt, Arcline Investment Management
- Target
- Servi-Tech, Ind.
- Seller
- Jeff Nish / Nish family
- Industry
- Manufacturing
- Location
- Utah, United States
- Type
- Addon
American Holt, a portfolio company of Arcline Investment Management, has acquired Servi-Tech, Inc., a Salt Lake City–based maker of aftermarket replacement parts for beverage packaging machinery. The deal expands the American Holt platform's aftermarket parts portfolio for high-throughput food and beverage production equipment; Servi-Tech's founder Jeff Nish will remain with the business.
-
- Buyer
- Banner Capital Management, LLC
- Target
- SBR Technologies dba Vision Graphics
- Industry
- Manufacturing
- Location
- Utah, United States
- Type
- Buyout
Banner Capital Management, a private equity firm based in Lehi, Utah, acquired SBR Technologies dba Vision Graphics (Salt Lake City) in a transaction that closed July 8, 2024. Banner will recapitalize and provide growth capital to support Vision Graphics' expansion beyond Utah and Nevada into additional Western U.S. markets.
-
February 12, 2024
- Buyer
- Victaulic
- Target
- Utility Coatings & Fabrication (UCF)
- Industry
- Manufacturing
- Location
- Utah, United States
- Type
- Buyout
Victaulic has acquired Utah-based Utility Coatings & Fabrication (UCF), adding a 21,000-square-foot manufacturing facility near Salt Lake City to expand its western U.S. manufacturing capacity. The deal, completed Feb. 7, enhances Victaulic's capabilities in the large-diameter pipe market and supports the company's strategy to manufacture more products in North America.
-
February 6, 2024
- Buyer
- Somafina, Heartwood Partners
- Target
- UST Corporation
- Industry
- Manufacturing
- Location
- Utah, United States
- Type
- Addon
Somafina, a portfolio company of Heartwood Partners, has acquired UST Corporation, a contract manufacturer of vitamins, minerals, and supplements based in Layton, Utah. The add-on expands Somafina's manufacturing capabilities across capsule, gummy, powder, and liquid formats and adds ISO-certified in-house testing and formulation expertise to support supplement brand customers.
-
January 16, 2024
- Buyer
- NewMarket Corporation
- Target
- AMPAC Intermediate Holdings, LLC (American Pacific Corporation)
- Seller
- AE Industrial Partners (affiliates)
- Industry
- Manufacturing
- Location
- Utah, United States
- Type
- Buyout
NewMarket Corporation (NYSE: NEU) completed the acquisition of AMPAC Intermediate Holdings, LLC, the parent of American Pacific Corporation (AMPAC), for approximately $700 million in cash. AMPAC, based in Cedar City, Utah, is a specialty manufacturer of critical performance additives for solid rocket motors and Halotron fire‑suppression agents and has roughly 150 employees; the seller was affiliates of private equity firm AE Industrial Partners.
-
January 9, 2024
- Buyer
- Atlas Copco Group
- Target
- Hycomp Inc.
- Industry
- Manufacturing
- Location
- Utah, United States
- Type
- Buyout
Atlas Copco Group has acquired the high-pressure oil-free compressor technology of Hycomp Inc., integrating it into the Professional Air division within the Compressor Technique business area. Hycomp, a privately owned Utah manufacturer north of Salt Lake City with about 37 employees and roughly $8M in 2023 revenue, will expand Atlas Copco's product range and capabilities in oil-free high-pressure compressors.
-
December 5, 2023
- Buyer
- Praesidian Capital
- Target
- Action Target Inc.
- Industry
- Manufacturing
- Location
- Utah, United States
- Type
- Growth capital
Praesidian Capital made a strategic equity investment in Action Target Inc., a Provo, Utah–based provider of shooting range solutions and services. The investment (Praesidian previously provided debt financing in 2016) will support Action Target’s aggressive growth strategy and expansion into new markets, while Praesidian brings private equity resources and industry experience.
-
November 29, 2023
- Buyer
- Brook + Whittle
- Target
- FlexoOne, InStockLabels.com
- Industry
- Manufacturing
- Location
- Utah, United States
- Type
- Buyout
Brook + Whittle, a North American label and flexible packaging manufacturer, has acquired Salt Lake City-based FlexoOne and its eCommerce arm InStockLabels.com. The deal expands Brook + Whittle's eCommerce offerings and strengthens its manufacturing and service footprint in the Mountain West.
-
June 21, 2023
- Buyer
- North Branch Capital
- Target
- ControlByWeb
- Industry
- Manufacturing
- Location
- Utah, United States
- Type
- Buyout
North Branch Capital has made a platform investment in ControlByWeb, a Nibley, Utah-based designer and manufacturer of Industrial IoT control products. The deal closed June 1, 2023; North Branch plans to add sales and engineering resources to accelerate organic growth and pursue add-on opportunities.
-
- Buyer
- Branford Castle Partners II, Handi Quilter management (CEO Mark Hyland and President & COO Darren Denning)
- Target
- Handi Quilter
- Seller
- Premier Needle Arts, Blue Point Capital
- Industry
- Manufacturing
- Location
- Utah, United States
- Type
- Buyout
Branford Castle Partners II has acquired Handi Quilter, a North Salt Lake, Utah-based manufacturer and designer of longarm quilting machines, from Premier Needle Arts (a Blue Point Capital platform). Handi Quilter's CEO Mark Hyland and President & COO Darren Denning are investing alongside Branford; senior debt was provided by Apogem Capital and mezzanine financing by Siguler Guff. Terms were not disclosed.
-
April 4, 2022
- Buyer
- Precinmac, Pine Island Capital Partners, Bain Capital Credit, Compass Partners Capital
- Target
- Petersen Inc.
- Industry
- Manufacturing
- Location
- Utah, United States
- Type
- Addon
Precinmac, a PE-backed diversified manufacturer, has acquired Petersen Inc., a large-format precision fabrication and machining company with facilities in Ogden, Utah and Pocatello, Idaho. The acquisition expands Precinmac's manufacturing capabilities and product offerings to better serve aerospace & defense, semiconductor, energy, medical and other industrial end markets.
-
- Buyer
- Aceto
- Target
- Biotron Laboratories, Talus Mineral Company
- Industry
- Manufacturing
- Location
- Utah, United States
- Type
- Buyout
Aceto has acquired Biotron Laboratories and Talus Mineral Company (collectively "Biotron"), two Utah-based manufacturers of specialty minerals and mineral chelates for the nutritional supplements industry. The acquisition expands Aceto's nutraceuticals capabilities and life-science manufacturing footprint; Biotron operates two manufacturing facilities in Centerville and Ogden, Utah, and is known for proprietary amino-acid based chelation technology. Financial terms were not disclosed.
-
November 30, 2021
- Buyer
- River Birch Partners
- Target
- Vortex Racing
- Industry
- Manufacturing
- Location
- Utah, United States
- Type
- Growth capital
River Birch Partners, a New England-based private investment office, has made a growth investment in Vortex Racing, a Salt Lake City manufacturer of motorcycle racing components. Vortex Racing produces thousands of aftermarket and racing parts (sprockets, rear sets, handlebars, frame sliders, etc.), and River Birch says it will take a long-term approach to support the company's growth and continuity.
-
- Buyer
- Hyperion Metals
- Target
- Blacksand Technology, LLC
- Industry
- Manufacturing
- Location
- Utah, United States
- Type
- Buyout
Hyperion Metals has executed a one-year option agreement to acquire Blacksand Technology, LLC, an advanced metals R&D company developing patented low-carbon, low-cost titanium metal and powder technologies. If the option is exercised, the combination aims to create a sustainable advanced materials and critical minerals market leader, leveraging Blacksand’s HAMR technology, patent portfolio, and Utah titanium powder facility.
-
September 1, 2021
- Buyer
- Spartronics, One Equity Partners
- Target
- Inovar, Inc.
- Industry
- Manufacturing
- Location
- Utah, United States
- Type
- Addon
Spartronics, a portfolio company of One Equity Partners, has completed the acquisition of Inovar, Inc., a Tier‑3 electronics manufacturing services (EMS) provider headquartered in North Logan, Utah. The add‑on expands Spartronics’ EMS capabilities, OEM customer base across aerospace, defense and medical markets, and adds a near‑shore facility in Tecate, Mexico to complement its existing global footprint.
-
- Buyer
- MPE Partners (Morgenthaler Private Equity), Plastic Components, Inc.
- Target
- Sports Molding, LLC (SMI Molding, LLC)
- Seller
- Sage Park, Inc.
- Industry
- Manufacturing
- Location
- Utah, United States
- Type
- Addon
MPE Partners, through its portfolio company Plastic Components, Inc. (PCI), has acquired Sports Molding, LLC (SMI), a Clearfield, Utah-based custom plastic injection molder previously owned by Sage Park. The deal is an add-on to PCI intended to expand PCI’s technical capabilities and Western U.S. presence while retaining SMI management under CEO Shane Cave.
-
July 30, 2021
- Buyer
- Gladstone Investment Corporation, Members of Utah Pacific's executive management
- Target
- Utah Pacific Bridge & Steel, LLC, Mountain Pacific Transport, LLC
- Industry
- Manufacturing
- Location
- Utah, United States
- Type
- Buyout
Gladstone Investment Corporation (NASDAQ: GAIN) acquired Utah Pacific Bridge & Steel, LLC and Mountain Pacific Transport, LLC (collectively, Utah Pacific) on July 30, 2021, in a transaction that included both equity and senior secured debt financing. Gladstone partnered with certain members of Utah Pacific's executive management; Utah Pacific is a Lindon, Utah–based manufacturer of large steel components used in bridge replacement, rehabilitation and construction across the Western U.S.
-
June 17, 2021
- Buyer
- Brady Corporation
- Target
- The Code Corporation
- Industry
- Manufacturing
- Location
- Utah, United States
- Type
- Buyout
Brady Corporation acquired The Code Corporation for approximately $173 million to enhance its track-and-trace product portfolio. The deal adds Code's high-performance barcode scanners and scanning software (with ~ $50M projected sales and ~$10M EBITDA next fiscal year) and aims to expand Brady's capabilities and addressable markets globally, particularly in healthcare and industrial track-and-trace applications.
-
- Buyer
- PPC Flexible Packaging
- Target
- Target Labels and Packaging
- Seller
- Principals Jay Jenks, Skyler Jenks and Josh Jenks
- Industry
- Manufacturing
- Location
- Utah, United States
- Type
- Addon
PPC Flexible Packaging has acquired Target Labels and Packaging, a North Salt Lake, Utah-based provider of flexographic and digitally printed labels, rollstock and pouches. The acquisition — PPC's seventh in four years — expands PPC's western U.S. footprint and adds labeling and flexible-packaging capabilities for nutraceutical, snack, confectionery and specialty consumer brands.
-
April 22, 2021
- Buyer
- Pinnacle Manufacturing, LLC, Turning Basin Capital Partners, LLC, Vigeo Investments, LLC
- Target
- MJK Custom Fabrication & Coatings
- Industry
- Manufacturing
- Location
- Utah, United States
- Type
- Addon
Pinnacle Manufacturing, a portfolio company of Turning Basin Capital Partners and Vigeo Investments, acquired substantially all assets of MJK Custom Fabrication & Coatings and will operate the business as Pinnacle Manufacturing Utah. The deal (closed April 16, 2021; terms undisclosed) expands Pinnacle's product line to include vertical tanks and strengthens its geographic presence in the Western United States via a 170,000 sq. ft. Ogden, Utah facility used for production, parts stocking and tank refurbishing.
-
February 1, 2021
- Buyer
- Meridian Adhesives Group
- Target
- Convergent Concrete Technologies
- Industry
- Manufacturing
- Location
- Utah, United States
- Type
- Addon
Meridian Adhesives Group acquired Convergent Concrete Technologies in February 2021 and will integrate Convergent into Meridian's Infrastructure Division. The acquisition expands Meridian's portfolio of concrete treatments, coatings and adhesive-promoting products to better serve contractors, facility owners, architects and engineers and supports Meridian's growth in the infrastructure and construction markets.
-
May 11, 2020
- Buyer
- Malouf
- Target
- Salt Flat
- Industry
- Manufacturing
- Location
- Utah, United States
- Type
- Buyout
Logan, Utah–based Malouf has acquired full-line furniture resource Salt Flat, expanding Malouf's offerings beyond bedding into bedroom, dining, upholstery, storage, office and outdoor residential furniture. Salt Flat will operate as an independent brand under Malouf (with Mason Niederhauser remaining president); the companies did not disclose financial terms and initial fulfillment will include container-direct orders and distribution through Malouf's centers.
-
February 6, 2020
- Buyer
- AE Industrial Partners, LP
- Target
- American Pacific Corporation
- Seller
- Huntsman Family Investments (family office of Jon M. Huntsman, Sr.), Affiliates of Huntsman Family Investments
- Industry
- Manufacturing
- Location
- Utah, United States
- Type
- Buyout
AE Industrial Partners (AEI) has acquired American Pacific Corporation, a Cedar City, Utah-based manufacturer of specialty chemicals and materials used in aerospace, defense, space launch and fire suppression applications, from Huntsman Family Investments. The deal, which closed Feb. 6, 2020, will position AEI to grow American Pacific as a platform investment and further support customers in national security and space programs.
-
January 23, 2020
- Buyer
- Blue Sea Capital, Twin Bridge Capital Partners, GoldPoint Partners, Travis Parry
- Target
- Innovative FlexPak (Innovative Labs)
- Industry
- Manufacturing
- Location
- Utah, United States
- Type
- Recapitalization
Blue Sea Capital, alongside Twin Bridge Capital Partners, GoldPoint Partners and founder Travis Parry, completed a recapitalization of Innovative FlexPak (now referenced as Innovative Labs) to position the company for growth. Headquartered in Springville, Utah, Innovative FlexPak is a contract manufacturer and formulator of single‑serve and multi‑dose ingestible health and wellness products with over 350 employees; the deal funds organic expansion and potential add‑on acquisitions while management retains a significant ownership stake.
-
October 10, 2019
- Buyer
- Tower Arch Capital
- Target
- SnugZ USA, LLC
- Industry
- Manufacturing
- Location
- Utah, United States
- Type
- Recapitalization
Tower Arch Capital completed a recapitalization of SnugZ USA in partnership with SnugZ President and CEO Brandon Mackay. The transaction will support product innovation, expansion into additional promotional product segments, and pursue targeted add-on acquisitions to grow SnugZ's promotional products business.
-
February 1, 2017
- Buyer
- Tredegar Corporation, The William L. Bonnell Company, Inc. (Bonnell Aluminum)
- Target
- Futura Industries Corporation
- Industry
- Manufacturing
- Location
- Utah, United States
- Type
- Buyout
Tredegar Corporation’s subsidiary The William L. Bonnell Company, Inc. (Bonnell Aluminum) agreed to acquire 100% of Futura Industries Corporation for approximately $92 million in a net debt-free, asset purchase expected to close by mid‑February 2017. Futura, headquartered in Clearfield, Utah, (≈350 employees) supplies extruded aluminum products and OEM components for end markets including flooring trims, truck grills and solar panels; the deal is expected to be immediately accretive to Tredegar's ongoing earnings and expands Bonnell's presence in the western U.S.
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Frequently Asked Questions
What types of manufacturing deals are active in Utah?
Recent acquisitions cover advanced materials (including EMI shielding), industrial components and enclosures, specialty manufacturing equipment, aftermarket parts for beverage packaging machinery, and manufacturing capacity expansion.
Which buyers show up repeatedly in Utah manufacturing acquisitions?
Recurring names in the listed activity include Banner Capital Management, LLC, Twin Bridge Capital Partners, GoldPoint Partners, Rockwood Equity Partners, and Somafina (with Heartwood Partners noted for one transaction).
Are Utah deals more focused on technology or production capacity?
Both appear. Some deals are framed around expanding technology and capabilities (e.g., propulsion energetics, vacuum chambers and test systems), while others emphasize increasing manufacturing capacity and footprint (e.g., adding a facility near Salt Lake City).
Where in Utah do these manufacturing acquisitions take place?
The listed transactions reference Utah locations including Utah, United States, with specific mentions such as Cedar City and areas around Salt Lake City/West Jordan and Layton.
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