Sky Peak acquires Hicks Machines, forms holding company Excelus

Excelus will serve as the holding company for Sky Peak’s current precision machining acquisitions and focus on the aerospace & defense, medical, high-tech and commercial industries.

  • Hicks was founded over 70 years ago
  • BakerHostetler and Gallagher, Flynn & Co advised Sky Peak on the deal
  • Sky Peak targets manufacturing, industrial and B2B service businesses

Sky Peak Capital has acquired Hicks Machines, a Walpole, New Hampshire-based precision machine shop and formed Excelus Manufacturing Solutions. No financial terms were disclosed.

Excelus will serve as the holding company for Sky Peak’s current precision machining acquisitions, Jarvis and Hicks, and will focus on the aerospace & defense, medical, high-tech and commercial industries.

Hicks was founded over 70 years ago.

“Randy and Chuck have truly dedicated their careers to building a differentiated manufacturing partner for their customers and I’m incredibly excited to build upon that foundation,” said Mike Burke, a managing partner at Sky Peak, in a statement. “We look forward to continuing the Hicks family legacy of excellence by deepening and broadening our service offering to our new and existing customers.”

Sky Peak was advised by BakerHostetler and Gallagher, Flynn & Co.

Sky Peak targets manufacturing, industrial and B2B service businesses.