M&A Deal Summary

TruArc Partners Acquires Prototek

On September 30, 2020, private equity firm TruArc Partners acquired manufacturer Prototek from CORE Industrial Partners

Acquisition Highlights
  • This is TruArc Partners’ 3rd transaction in the Manufacturing sector.
  • This is TruArc Partners’ 25th transaction in the United States.
  • This is TruArc Partners’ 1st transaction in New Hampshire.

M&A Deal Summary

Date 2020-09-30
Target Prototek
Sector Manufacturing
Buyer(s) TruArc Partners
Sellers(s) CORE Industrial Partners
Deal Type Secondary Buyout

Target

Prototek

Contoocook, New Hampshire, United States
Prototek is a provider of CNC machined and sheet metal fabricated parts and components for a variety of end markets, including aerospace, defense, medical, robotics, electronics, consumer, and general industrial. Prototek was founded in 1987 and is based in Contoocook, New Hampshire.

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Buyer(S) 1

Buyer

TruArc Partners

New York, New York, United States

Investor Investor Investor Investor Investor


Category Private Equity Firm
Founded 2005
PE ASSETS 3.3B USD
Size Large
Type Sector Agnostic
DESCRIPTION

TruArc Partners is a private equity firm that invests in small to mid-market companies throughout North America. The Firm seeks to invest $50 to $150 million in companies valued between $100 and $500 million. TruArc Partners will consider a variety of transaction types, including leveraged acquisitions, build-ups, recapitalizations, restructurings and growth equity commitments. TruArc Partners was formerly known as Snow Phipps Group. The Firm was established in 2005 and is based in New York, New York.


DEAL STATS #
Overall 25 of 34
Sector (Manufacturing) 3 of 4
Type (Secondary Buyout) 15 of 17
State (New Hampshire) 1 of 1
Country (United States) 25 of 33
Year (2020) 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2020-02-25 Kele

Bartlett, Tennessee, United States

Kele is a distributor of commercial HVAC and building automation interface products. Kele provides peripheral control products and services to the building automation systems industry. Kele's product offering includes over 15,000 interface products, including transmitters, sensors, switches, gauges and relays from over 200 manufacturers. Kele was founded in 1983 and is based in Bartlett, Tennessee.

Sell -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2021-01-01 Northwinds Services Group

Rochester, New York, United States

Northwinds Services Group provides HVAC, plumbing and other residential and commercial services in multiple US regions. Northwinds Services Group is based in Rochester, New York.

Buy -

Seller(S) 1

SELLER
DESCRIPTION

CORE Industrial Partners is a private equity firm focused on acquiring mid-sized, North American, manufacturing and industrial technology companies. The Firm targets buyouts, non-core divestitures, and complex situations from a variety of sellers generating revenue up to $200 million. The Firm prefers companies with diverse customers, opportunities to add value, and operating fragmented markets. CORE Industrial Partners was established in 2017 and is headquartered in Chicago, Illinois.


DEAL STATS #
Overall 1 of 3
Sector (Manufacturing) 1 of 1
Type (Secondary Buyout) 1 of 2
State (New Hampshire) 1 of 1
Country (United States) 1 of 3
Year (2020) 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2020-07-29 Incodema

Ithaca, New York, United States

Incodema is a precision sheet metal engineering solutions provider for a variety of end markets, including electronics, aerospace & defense, medical and general industrials. Based in Ithaca, New York, Incodema offers numerous in-house manufacturing capabilities to effectively serve customers from prototype through production. Incodema was formed in 2001 and is based in Ithaca, New York.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2020-10-06 MedLit Solutions

Garner, North Carolina, United States

MedLit Solutions is a full-service provider of pharmaceutical packaging and printing services, offering a broad range of secondary packaging, labeling, printing, and fulfillment solutions. The Company provides turnkey design, packaging, printing, cutting, gluing, and bindery services on an order-by-order basis. MedLit Solutions is based in Garner, North Carolina.

Buy -