Benchmark International Facilitates Acquisition of Micro-Precision Technologies by Great River Capital Partners
TL;DR
Great River Capital Partners gained a valuable niche manufacturing asset, MPT, with DLA standards certification and high-performance microelectronics.
MPT designs and manufactures thick-film ceramic substrates, hybrid micro-electronic manufacturing, and obsolete semiconductor manufacturing for harsh environments and high-reliability applications.
The transaction will create long-term value through organic growth initiatives and strategic add-on acquisitions, contributing to the growth of mid-sized industrial technology companies.
MPT is one of only 30 worldwide certified by the Defense Logistics Agency to the MIL-PRF-38534 quality standard, making it a highly differentiated asset.
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Benchmark International has successfully facilitated the transaction between Salem, NH-based Micro-Precision Technologies, Inc. ("MPT") and Boston, MA-based Great River Capital Partners ("Great River"). MPT is renowned for designing and manufacturing high-performance microelectronics for harsh environments and high-reliability applications. The company specializes in thick-film ceramic substrates, hybrid micro-electronic manufacturing, and obsolete semiconductor manufacturing.
According to Benchmark Senior Transaction Director William Sullivan, "The Benchmark International team understood early that MPT is a highly differentiated asset, given its Defense Logistics Agency standards certification and highly valuable niche manufacturing capabilities." He further noted that the opportunity quickly attracted interest from high-quality buyers, ultimately leading to a successful match with Great River. "Great River proved to be the perfect fit, with its narrow focus on mid-sized industrial technology companies, highly competent team, and HQ and management sitting close to MPT’s home base," Sullivan added.
MPT serves a diverse range of industries, including defense, industrial controls, commercial aviation, semiconductor capital equipment (semi-cap), communications equipment, and space & biological sectors, both across the U.S. and internationally. Founded in 2012 by Mr. Adrian Pyke, the company is one of only 30 worldwide certified by the Defense Logistics Agency (DLA) to the MIL-PRF-38534 quality standard.
Great River Capital Partners is a private equity investment firm that focuses on acquiring mid-sized industrial technology and services companies. With 30 years of collective investing experience, the firm partners with business owners to create long-term value through organic growth initiatives and strategic add-on acquisitions.
The acquisition of MPT by Great River Capital Partners is a pivotal development in the industrial technology sector. It underscores the growing interest in niche manufacturing capabilities, especially those adhering to high standards such as the DLA's MIL-PRF-38534 quality standard. The transaction is expected to leverage Great River's extensive experience to fuel MPT's growth through organic and strategic initiatives, potentially setting new benchmarks in the industry.
Curated from News Direct
