Manufacturing Acquisitions in Utah

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.

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.

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.

LongRange Capital, a Stamford-based private equity firm, has completed the acquisition of US Synthetic Corporation from ChampionX. US Synthetic, headquartered in Orem, Utah, is a leading manufacturer of polycrystalline diamond (PCD) inserts, bearings and related diamond-technology products serving energy, mining and industrial end markets; the deal positions the company to operate as a standalone business under LongRange's ownership.

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.

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.

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.

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.

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.

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.

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.

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.

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.

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.

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.

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.

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.

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.

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.

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.

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.

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.

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.

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.

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.

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.

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.

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.

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.

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.

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.