MCM Capital Acquires Tech NH
Cleveland, OH –MCM Capital Partners (“MCM”), a micro-cap private equity firm based in Cleveland, Ohio, is excited to announce the majority recapitalization of Tech NH, Inc. (“Tech” or the “Company”). Tech, based in Merrimack, New Hampshire, is a technical injection molder serving the medical device, general industrial, defense and green energy industries. Founded in 1982 as a specialty mold manufacturer, Tech has developed an expertise in molding high performance resins to exacting, complex geometric specifications along with an extensive suite of vertically integrated and secondary value-added services including tool fabrication, machining, assembly, ultrasonic welding, packaging, machining, heat staking and laser marking among others.
The transaction provides Tech NH with substantial capital and resources to continue to provide best-in-class services to its existing customers, while increasing business development resources to accelerate its growth. To date, much of Tech’s growth has been by word of mouth and traditional direct sales efforts. In fact, one of Tech’s most reliable sources of new business has historically been engineers at existing customers transitioning to roles at new companies and insisting on utilizing Tech for its injection molding needs, a testament to the Company’s technical expertise and exceptional problem solving capabilities. Partnering with MCM will provide Tech access to proven sales strategy, digital marketing and business development expertise.
MCM Senior Operating Partner, Greg Ott added, “We are excited to welcome Tech NH to the MCM Capital family. Tech has an outstanding reputation in the market and is recognized as a leader in the production of thermoplastic parts utilizing highly engineered resins with geometrically demanding profiles and tight tolerances. Tech NH leading the way in the green energy market and their technical expertise in this area differentiates them as one of the few manufacturers who can address this market’s demanding needs.”
Greg Gardner, President of Tech commented, “It was important to find the right partner to respect and maintain Tech NH’s legacy while also having the professional skillset to compliment our team and help us continue to grow. We are very fortunate to have found MCM and excited to work with them to continue to provide top notch service to our customers and growth opportunities for our Tech team.”
Calfee, Halter & Griswold LLP served as legal counsel and First Commonwealth was the senior lender on the transaction. The opportunity was directly sourced with the assistance of REAG, a boutique Midwest M&A advisory firm.
Tech is the first platform acquisition MCM Capital Partners IV, L.P.