Tonka Bay Equity Partners has made an investment in NPI/Medical (NPI), a manufacturer of injected molded components used in the medical device and life sciences markets. Tonka Bay has partnered on this investment with Randy Ahlm, who becomes the new CEO of NPI.
NPI provides both prototyping and mass production services. The company’s capabilities include quick turn manufacturing for short runs, production injection molding for high volume programs, and a full service tool room. NPI has two Class 7 clean rooms for assembly, testing, and packaging, and one Class 8 certified clean room equipped with injection molding machines from 28 to 110 ton capacities. NPI operates from a 66,000 square-foot facility located west of New Haven in Ansonia, CT (www.npi-med.com).
“As medical components become increasingly complex, NPI’s ability to improve its customers speed-to-market provides substantial growth opportunities,” said Kory Kutchmarek, a Director at Tonka Bay. “We are pleased to partner with Randy Ahlm and NPI’s management team.”
Tonka Bay Equity Partners invests in manufacturing, value-added distribution and business services companies that have EBITDAs greater than $2 million. The firm is based in the Minneapolis suburb of Minnetonka (www.tonkabayequity.com).
The buy of NPI is Tonka Bay’s sixth platform investment completed in 2015.
© 2015 PEPD • Private Equity’s Leading News Magazine • 11-19-15
