M&A Deal Summary

Nichols Portland Acquires Alpha Precision Group

On January 10, 2022, Nichols Portland acquired manufacturer Alpha Precision Group from O2 Investment Partners and Northcreek Mezzanine

Acquisition Highlights
  • This is Nichols Portland’s 1st transaction in the Manufacturing sector.
  • This is Nichols Portland’s 1st transaction in the United States.
  • This is Nichols Portland’s 1st transaction in Pennsylvania.

M&A Deal Summary
Date 2022-01-10
Target Alpha Precision Group
Sector Manufacturing
Buyer(s) Nichols Portland
Sellers(s) O2 Investment Partners
Northcreek Mezzanine
Deal Type Add-on Acquisition

Target

Alpha Precision Group

Ridgway, Pennsylvania, United States
Alpha Precision Group is a manufacturer of high-precision powder metal components for the automotive, small engine, recreation vehicle, lawn & garden, agricultural equipment and commercial vehicle industries. Alpha Precision Group was founded in 1967 and is based in Ridgway, Pennsylvania.

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Buyer(S) 1

Buyer

Nichols Portland

Portland, Maine, United States
Category Company
Founded 1904
Sector Manufacturing
DESCRIPTION

Nichols Portland is a designer and manufacturer of precision powder metal fixed and variable displacement gears including gerotor gears and smart pumps for automotive and on-off highway and other industrial markets. Nichols Portland was founded in 1904 and is based in Portland, Maine.

DEAL STATS #
Overall 1 of 2
Sector (Manufacturing) 1 of 2
Type (Add-on Acquisition) 1 of 2
State (Pennsylvania) 1 of 1
Country (United States) 1 of 2
Year (2022) 1 of 1
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2023-06-09 Neota Product Solutions

Loveland, Colorado, United States

Neota Product Solutions is a comprehensive metal injection molding solutions provider of early-stage prototyping through full-scale manufacturing. Neota Product Solutions is based in Loveland, Colorado.

Buy -

Seller(S) 2

SELLER

O2 Investment Partners

Bloomfield Hills, Michigan, United States

Investor Investor Investor Investor Investor

Category Private Equity Firm
Founded 2011
Size Small
Type Sector Agnostic
DESCRIPTION

O2 Investment Partners is a Midwest US-based private equity group that acquires majority interests in small and mid-sized businesses operating in traditional industries, including manufacturing, niche distribution, select service and technology businesses. Target companies typically have stable cash flows, sustainable and defensible business models, and growth potential. O2 Investment Partners was formed in the year 2010 and is based in Bloomfield Hills, Michigan.

DEAL STATS #
Overall 10 of 10
Sector (Manufacturing) 3 of 3
Type (Add-on Acquisition) 6 of 6
State (Pennsylvania) 1 of 1
Country (United States) 9 of 9
Year (2022) 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2021-12-16 Mantis Innovation

Houston, Texas, United States

Mantis Innovation offers a full suite of services, including energy procurement and demand management; solar, roofing, building envelope, and pavement, design, assessment, and maintenance; and LED lighting, HVAC/mechanical, and building automation systems implementation. Mantis Innovation is based in Houston, Texas.

Sell -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2022-01-20 Modular Devices

Indianapolis, Indiana, United States

Modular Devices is a provider of mobile and modular medical imaging equipment labs and cleanroom solutions throughout the United States. The company's medical imaging solutions offer various imaging modalities through short- and long-term leases to healthcare systems of all sizes. Modular Devices is the only company offering modular cath labs as a stock-standard product available for rent. Its cleanroom division serves the pharmaceutical, biotechnology, and manufacturing sectors by providing standard and customized pre-certified ISO and USP compliant units for lease and for sale. Modular Devices was formed in 1987 and is based in Indianapolis, Indiana.

Buy -
SELLER

Northcreek Mezzanine

Category Private Equity Firm
Founded 2010
PE ASSETS 250M USD
Size Small
Type Sector Agnostic
DESCRIPTION

DEAL STATS #
Overall 5 of 6
Sector (Manufacturing) 1 of 1
Type (Add-on Acquisition) 3 of 4
State (Pennsylvania) 1 of 1
Country (United States) 5 of 6
Year (2022) 1 of 2
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2021-04-15 Truesdell

Tempe, Arizona, United States

Truesdell is a provider of quality repair, restoration, strengthening, protection, and maintenance of concrete structures. Comprehensive services range from assistance with initial diagnosis to final completion. Truesdell has completed more than 7,000 projects on a wide variety of national and international repair projects ranging from high-rise buildings, nuclear power generating plants, airports, residential projects, water treatment facilities, and a sizeable amount of public agency DOT work. Truesdell was founded in 1975 and is based in Tempe, Arizona.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2022-03-02 CentralBDC

Baco Raton, Florida, United States

CentralBDC is an outsourced BDC Company. CentralBDC’s proprietary technology coupled with its highly trained and motivated employees currently supports many of the largest dealerships and dealership groups nationwide as their full-service BDC for sales, equity mining, appointment setting, and customer service. CentralBDC is based in Baco Raton, Florida.

Buy -
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