L Squared Capital Partners has formed BTX Precision to continue its strategy to consolidate the fragmented North American precision components sector. BTX is comprised ERA Industries (acquired in June 2023), Gen El Mec Associates (acquired in August 2023), and I3D Manufacturing (acquired in October 2023). Illinois-based ERA is a contract manufacturer specializing in precision machining […]
Archives for February 21, 2024
Kinzie Keeps Cool with Buy of Arctic
Kinzie Capital Partners has acquired Arctic Industries, a manufacturer and distributor of temperature control and cold storage systems. Arctic’s walk-in coolers and freezers are used by chain restaurants, resorts, schools, government agencies, marine vessels, and healthcare facilities. The company also provides replacement parts including doors and door hardware, panel parts, thermometers, lights, gaskets, and heater […]
Tecum Capital Invests in CM Industries
Tecum Capital has made an investment in CM Industries, a manufacturer of branded welding equipment and consumable welding supplies. Co-investing in this transaction alongside Tecum are members of the CM’s senior management team, Stacker Holdings, and Salem Investment Partners. CM Industries sells a full range of branded products including robotic, MIG (metal inert gas welding) […]
CORE Closes Two New Funds Totaling $887 Million
CORE Industrial Partners has raised $887 million of capital through the closing of CORE Industrial Partners Fund III LP (Fund III) with $685 million of capital, and the closing of a new offering, CORE Industrial Services Fund I LP (Service Fund I), with $202 million of capital. Both funds closed above their targets. Limited partners […]
