Tonka Bay Partners LLC has made an undisclosed investment in NPI/Medical. Based in Ansonia, Connecticut, NPI is a maker of highly engineered, precision injected molded components for the medical device and life sciences sectors.
MINNETONKA, Minn. (November 17, 2015) —Tonka Bay Equity Partners LLC (“Tonka Bay”) announced today its investment in NPI/Medical (“NPI”), a manufacturer of highly engineered, precision injected molded components, primarily for the medical device and life sciences markets. NPI is Tonka Bay’s sixth platform investment in 2015.
Based in Ansonia, CT, NPI is a New Product Introduction (NPI) company committed to providing world class prototype to production in growing MedTech markets. NPI helps eliminate the chaos of the product development lifecycle by turning it into a strategic competitive advantage for their customers. Tonka Bay has partnered with Investor/CEO Randy Ahlm to accelerate growth and leverage its experience in precision manufacturing in the MedTech industry.
Randy Ahlm, CEO of NPI, said, “With the deep and talented Management Team at NPI, we’re well positioned to leverage the company’s quick turn manufacturing for short runs to production injection molding for high volume programs. Exceptional customers service along with moving our customers from prototype to production demonstrate the company’s core competencies.”
Kory Kutchmarek, Director at Tonka Bay said, “We are pleased to partner with Randy and NPI’s management team.” He added, “The Company’s commitment and focus to helping their customers with speed to market provides substantial growth opportunities within the MedTech market as components become increasingly complex.”
NPI/Medical (www.npi-med.com) is a world class provider of New Product Introduction (NPI) capabilities. From prototype to production, they help accelerate speed-to-market. Operating from their 66,000 square-foot facility in Ansonia, CT, the Company’s capabilities include quick turn manufacturing for short runs, production injection molding for high volume programs, a full service tool room, and multiple clean rooms. NPI/Medical is also recognized for its expertise in medical clean room assembly, packaging and Liquid Silicone Rubber (LSR) capabilities.
About Tonka Bay Equity Partners
Based in Minnetonka, MN, Tonka Bay Equity Partners is a private equity firm that acquires and invests in lower middle market businesses in the highly-engineered manufacturing, business services and value-added distribution sectors. For more information, call (952) 345-2035 or visit www.tonkabayequity.com.