Benchmark International has successfully facilitated the acquisition of Micro-Precision Technologies, Inc. (MPT) by Great River Capital Partners. This transaction marks a significant milestone in the high-performance microelectronics industry, particularly for applications in harsh environments and high-reliability sectors.
Micro-Precision Technologies, based in Salem, NH, specializes in designing and manufacturing thick-film ceramic substrates, hybrid micro-electronic manufacturing, and obsolete semiconductor manufacturing. These offerings are critical for industries such as defense, industrial controls, commercial aviation, semiconductor capital equipment, communications equipment, and space & biological sectors across the US and internationally.
William Sullivan, Senior Transaction Director at Benchmark International, commented on the distinctive nature of MPT, noting its Defense Logistics Agency standards certification and niche manufacturing capabilities. “This opportunity garnered immediate interest from high-quality buyers. Ultimately, Great River proved to be the perfect fit,” said Sullivan. He emphasized that the acquisition would be highly beneficial for both companies, highlighting Great River’s focus on mid-sized industrial technology companies and its close geographical and managerial proximity to MPT.
Founded in 2012 by Adrian Pyke, Micro-Precision Technologies is one of only 30 companies worldwide certified by the Defense Logistics Agency to the MIL-PRF-38534 quality standard, underscoring its commitment to high-quality manufacturing standards.
Great River Capital Partners, based in Boston, MA, is a private equity firm specializing in mid-sized industrial technology and services companies. With a collective 30 years of investing experience, Great River aims to create long-term value through organic growth and strategic add-on acquisitions. This acquisition of MPT is expected to enhance Great River’s portfolio and drive substantial growth in the microelectronics sector.
The transaction is particularly significant given the current technological and geopolitical landscape, where high-reliability microelectronics play a crucial role in national defense and advanced industrial applications. MPT’s unique capabilities and certifications position it as a valuable asset in this context.
The successful completion of this transaction by Benchmark International is a testament to their expertise in mergers and acquisitions, particularly in industries requiring highly specialized knowledge and capabilities. Benchmark International’s involvement ensured that the transaction was smooth and beneficial for both parties involved.
