M&A Deal Summary

Hyperion M&T Acquires GLE Precision

On September 9, 2021, Hyperion M&T acquired manufacturer GLE Precision from Colfax Creek Capital

Acquisition Highlights
  • This is Hyperion M&T’s 3rd transaction in the Manufacturing sector.
  • This is Hyperion M&T’s 2nd transaction in the United States.
  • This is Hyperion M&T’s 1st transaction in Michigan.

M&A Deal Summary

Date 2021-09-09
Target GLE Precision
Sector Manufacturing
Buyer(s) Hyperion M&T
Sellers(s) Colfax Creek Capital
Deal Type Divestiture

Target

GLE Precision

Bridgeport, Michigan, United States
website
GLE Precision is a manufacturer of tungsten carbide tooling, gauges, and product components used in diversified industries, including water jet, computer chip, medical, battery, flow technologies, automotive, and others for some of the most recognizable companies in the world such as Johnson & Johnson, Emerson, IBM, and Bosch. GLE Precision was founded in 1961 and is based in Bridgeport, Michigan.

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Buyer(S) 1

Buyer

Hyperion M&T

Worthington, Ohio, United States

website


Category Company
Founded 2017
Sector Manufacturing
Employees1,400
DESCRIPTION

Hyperion M&T is a manufacturer of industrial tool component products using cemented carbide, cubic boron nitride, and synthetic diamond – high-quality materials known for their hardness and toughness. Hyperion M&T was founded in 2017 and is based in Worthington, Ohio.


DEAL STATS #
Overall 5 of 8
Sector (Manufacturing) 3 of 5
Type (Divestiture) 1 of 1
State (Michigan) 1 of 1
Country (United States) 2 of 4
Year (2021) 4 of 5
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2021-06-21 Sinter Sud

Caserta, Italy

Sinter Sud manufactures carbide rod blanks (solid and with coolant channels) that complement the current offering from Hyperion and AFC. The company also produces additional carbide products used to make metal cutting, woodworking, and mining tools that will both complement and expand Hyperion's overall portfolio. Sinter Sud was founded in 1974 and is based in Caserta, Italy.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2021-11-03 Aggressive Grinding Services

Latrobe, Pennsylvania, United States

Aggressive Grinding Services is a precision carbide and ceramic grinding business specialized grinding and machining capabilities, including surface, centerless, outside diameter (OD), and peel grinding, as well as wire electrical discharge machining (EDM) and wheel dressing services. Aggressive Grinding Services was founded in 1988 and is based in Latrobe, Pennsylvania.

Buy -

Seller(S) 1

DESCRIPTION

Colfax Creek Capital is a private investment firm focused on acquiring profitable, lower middle-market companies in the Great Lakes region of the US. The Firm targets businesses with $2 to $7 million of EBITDA in the consumer products, business services, and industrials sectors. Colfax Creek Capital was established in 2017 and is headquartered in Birmingham, Michigan.


DEAL STATS #
Overall 1 of 2
Sector (Manufacturing) 1 of 1
Type (Divestiture) 1 of 1
State (Michigan) 1 of 1
Country (United States) 1 of 2
Year (2021) 1 of 2
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2020-03-18 Traverse City Products

Traverse City, Michigan, United States

Traverse City Products is a customer service-oriented company that strives to meet or exceed customer quality expectations. ISO 9001 accredited, TCP has an extensive background in the metal forming industry. Manufacturing capabilities include roll forming, stamping, welding, and various assembly processes. Traverse City Products was founded in 1982 and is based in Traverse City, Michigan.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2021-11-01 Fluence Automation

Arlington Heights, Illinois, United States

Fluence Automation LLC provides mail and parcel sorting systems/hardware and related software and service revenue associated with the hardware as well as assets that will be leveraged for growth opportunities in the material handling and e-Commerce fulfillment markets. Fluence Automation is based in Arlington Heights, Illinois.

Sell -