Yukon Partners has completed an investment in Hi-Tech Manufacturing. The transaction was an acquisition of the business by May River, the Pohlad Family, and Yukon in partnership with Hi-Tech’s senior management team.
Yukon Partners is pleased to announce that it has completed an investment in Hi-Tech Manufacturing, LLC. The transaction was an acquisition of the privately-owned business by May River, the Pohlad Family, and Yukon in partnership with Hi-Tech’s senior management team.
Hi-Tech is a world class manufacturer of low-to-medium volume, mission-critical precision machined components and assemblies. The company is regarded as the preferred contract manufacturer for its customer’s most critical, tight tolerance and difficult to manufacture components. These components and assemblies are used in deep sea and land-based drilling rigs and production equipment, oil and gas exploration systems, medical imaging equipment, blood and urine analysis systems, power grid applications, automated industrial machinery, and other sophisticated applications.
About Yukon Partners
Yukon Partners (www.YukonPartners.com) is a mezzanine finance firm dedicated to serving middle market private equity sponsored business transactions with a typical investment range of $10 to $40 million in the U.S. and Canada. The transactions in which Yukon invests include Buyouts, Growth and Platform Strategies, Recapitalizations, Mergers/Acquisitions, Public to Private Buyouts, and Refinancings.
About May River Capital
May River (www.mayrivercapital.com) is an independent private equity investment firm that seeks to invest its own capital, as well as partner with like-minded equity co-investors, in high quality businesses with excellent management teams and the potential for significant growth and value enhancement. May River was founded in January 2012 by three partners with over 40 years of principal investing experience. May River raises equity capital on a deal-by-deal basis from family offices, mezzanine funds, co-invest funds, industry executives, high net worth individuals, and other private equity firms.
About the Pohlad Family
The Pohlad family has a history of successfully investing with great management teams to create outstanding companies and long term value. Since the 1950’s, Carl R. Pohlad and his family have invested in and built a diverse set of businesses encompassing banking, financial services, entertainment, commercial real estate, retail, automotive, energy, and technology industries, as well as ownership of Major League Baseball’s Minnesota Twins. Managed today by the second generation of the Pohlad family, their business interests continue to grow and diversify, while their companies remain united through common ownership, shared values, and commitment to customers and employees.