Acquisitions in Michigan in 2017

Visioneering, Inc., a portfolio company of family office 3P Equity Partners, has acquired the assets of Plasco Tooling and Engineering Corporation. The deal adds Plasco’s composite tooling, fixtures and patented stretch form die technology and 42,000 ft2 manufacturing capability in Romeo, Michigan to Visioneering’s aerospace tooling platform to expand capabilities in the aerospace and defense market.

Anderson-Cook, Inc. has acquired Roto-Flo and U.S. Gear Tools, Inc., subsidiaries of U.S. Group, Inc. The acquisition expands Anderson-Cook's precision rolling and gearing tooling capabilities and augments its machine tool product portfolio while preserving U.S.-based manufacturing operations.

RESA Power, LLC has acquired Power Plus Engineering Inc., a Wixom, Michigan–based firm providing diagnostics and maintenance for AC and DC electrical equipment. The acquisition expands RESA Power’s engineering and service capabilities in the Midwest, enhancing its offering to existing customers and targeted growth markets.

The Timken Company has acquired Torsion Control Products, Inc., a Rochester Hills, Michigan-based designer and manufacturer of engineered torsional couplings and torque limiter products for off-highway power transmission applications. Timken said the acquisition expands its couplings product offering and technical capabilities and will help broaden its global footprint; Angle Advisors advised TCP on the transaction.

Mittler Bros. Machine & Tool acquired Cellular Concepts, Inc., a Detroit-based manufacturer of 3-axis horizontal and vertical CNC production modules, from its owner/subsidiary parent U.S. Group, Inc. The acquisition brings Cell Con’s product line and customization capabilities into Mittler Bros.’ Wright City, Missouri manufacturing platform; Angle Advisors served as exclusive investment banking advisor to Cellular Concepts.

Affiliates of CCMP Capital have entered into a definitive agreement to acquire a controlling interest in Truck Hero, a leading supplier of aftermarket accessories for pickup trucks and Jeeps. TA Associates (the incumbent majority investor) and Truck Hero's founders will remain significant investors and management will continue to lead the company; the transaction is expected to close in Q2 2017 with terms not disclosed.

Fastenal Company signed an agreement to acquire certain assets of Manufacturer's Supply Company (Mansco), a Hudsonville, Michigan-based fastener and industrial supply distributor. The asset purchase gives Fastenal entry into Mansco's strong commercial furniture OEM end market and expands Fastenal's distribution and inventory-management capabilities across Mansco's Michigan, Alabama and Texas facilities.

Highlander Partners, a Dallas-based private investment firm, acquired a controlling interest in Hi‑Tech Industries, a Farmington, Michigan manufacturer and distributor of professional car care products and specialty aerosols. Hi‑Tech will continue to operate autonomously from its Farmington and Southfield facilities under its existing management while Highlander pursues a buy-and-build strategy in the automotive appearance market.

Granger, Indiana-based Hoosier Investments LLC has acquired Justice Fence Co., a Battle Creek, Michigan provider of residential and commercial fencing and gate systems. The transaction was a sale by long-time owner Kelli Rumery and was advised by Calder Capital, LLC.

FlowTech, Inc., a Kalamazoo, Michigan-based manufacturer of fluid filtration products and purification equipment, was acquired from long-time owner Phil Ragains by individual investors David Kersjes and Steven Remstad (DAAD Holdings, Inc.). The sellers engaged Calder Capital as exclusive M&A advisor; Ragains will remain as a consultant to support the ownership transition while the new owners plan to grow the business.