December 2020 – Lancaster, MA – Built-Rite Tool & Die, Inc. (including subsidiaries LSR Engineering and Reliance Engineering, together “Built-Rite”) has been acquired by Beacon Manufacturing Group (“Beacon”), a growth-oriented company providing custom engineered molded products, assembled components, innovative solutions, and value-added engineering services. Beacon completed the acquisition in partnership with Akoya Capital, LLC (“Akoya”), Trinity Private Equity Group (“Trinity”), and NewSpring Capital (“NewSpring”).
Built-Rite manufactures custom plastic and rubber injection molded parts, machined components, and advanced assemblies for OEMs in the medical, life sciences, biopharma, aerospace, defense, and industrial markets. It also provides value-added engineering and high-end tool and die services to its customers.
Bob May, Managing Director at Akoya and CEO of Beacon, commented, “We are thrilled to partner with the Built-Rite team as we continue to expand and grow the Beacon custom molded products and services platform. The Company has extensive tooling and plastics machining capabilities and is ideally located in the Northeast corridor to serve the medical market with six Class 7 clean rooms for assembling complex components.”
MBS advised Built-Rite in the transaction.
Excerpts from above were taken from Akoya Capital’s press release.
There was also a write up in Plastics News regarding this transaction.