Akoya Capital, LLC (“Akoya”) has partnered with Thayer Bancroft, PNC Mezzanine Capital, and Mertor to acquire Alinabal (“Alinabal”). Founded in 1913 and located in Milford, CT, Alinabal is a leading contract manufacturer providing precision machined, stamped, and molded metal components to a diverse base of blue-chip customers. Alinabal manufactures a wide range of products including precision stampings and assemblies, spherical rod end bearing and linkage assemblies, special purpose printers, aircraft instrumentation, advanced laser shutters, and engineering-grade thermoplastic injection molded parts. Alinabal serves hundreds of customers in the personal recreation, defense, aerospace, automotive, agricultural, consumer, and general industrial end markets.
Ted Riddle, Akoya Managing Director and Industrial Manufacturing Sector Leader, commented, “We are excited to be partnering with Paul Kelley, President, to leverage Alinabal’s strong market position and exceptional capabilities to accelerate growth and build Alinabal into a market leading precision machining and contract manufacturing platform.”
“Alinabal is a perfect fit with our investment strategy given its differentiated service offering, commitment to customer service and quality, strong incumbent leadership team, industry tailwinds, and our domain expertise. We are honored to partner with a business with a track record of success going back over 100 years and we will continue the Alinabal legacy while providing the financial, operational, and human capital needed to take the company to the next level. We are excited about building the Alinabal platform and are actively seeking add-on acquisitions to support the growth strategy.” said Max DeZara, Founder and Managing Partner of Akoya.
About Akoya Capital, LLC
Akoya Capital, LLC is a leading sector-focused private equity firm that only invests in industries where it has directly relevant operating experience and deep domain expertise. By partnering with talented management teams and well-positioned businesses, Akoya builds industry leading companies by developing and executing growth strategies that create meaningful value for all stakeholders. The partnership with Alinabal is Akoya’s 19th platform investment overall.
Akoya is proactively seeking platform and add-on acquisitions in the following sectors:
- Industrial Products
- Specialty Chemicals and Plastics
- Industrial and Consumer Packaging