- EQI is a provider of supply chain management services
- Accucam is a full-service component parts supplier
- Fulcrum Capital Partners and Atlas Holdings will remain investors in the combined business
Cambridge, Ontario-based Accucam, backed by Fulcrum Capital Partners, has merged with Spring Lake, Michigan-based EQI, backed by Atlas Holdings. No financial terms were disclosed.
Going forward, Accucam will operate as a division of EQI, with EQI CEO Blake Phillips overseeing the combined business. Fulcrum and Atlas will remain investors in the combined business.
EQI is a provider of supply chain management services, including sourcing, manufacturing and logistics for original equipment manufacturers who procure metal castings.
Accucam is a full-service component parts supplier. It operates two facilities, one in Cambridge and one in Qingdao, China. The merger will bring the company’s finish machining capabilities to EQI and adds small steel components to the combined company’s product offering. The two businesses have complementary customer bases.
Fulcrum has been invested in Accucam since April 2018, as covered by PE Hub.
“This new partnership is a ‘win-win’ for EQI and Accucam, bringing benefits to each of our loyal customers and skilled workforces,” said Phillips in a statement. “By integrating Accucam’s manufacturing and machining capabilities and superior customer service into our service-centric organization, we have created a unique platform to serve current and future customers across an enhanced global footprint, further simplifying their supply chains.”
Fulcrum is a private equity firm focused on the Canadian lower mid-market. With offices in Vancouver and Toronto, it has more than C$750 million in assets under management.