September 16th, 2020. Akoya Capital, LLC (“Akoya”) and Trinity Private Equity Group (“Trinity”) have established Beacon Manufacturing Group (“Beacon”) to acquire Donnelly Custom Manufacturing Company (“Donnelly”). Founded in 1984, Donnelly is a leading custom, short-run plastics injection molding company located in Alexandria, MN specializing in manufacturing highly engineered products and components and providing value-added services to the industrial market.
Bob May, Managing Director at Akoya and CEO of Beacon, commented, “We established Beacon to create an industry-leading, +$125M custom molded products and services company over the next 5 years. We are excited to partner with the Donnelly team for our first investment in the Beacon platform. Donnelly is a growing and highly respected custom injection molding company and the ideal partner for Beacon’s growth and acquisition strategy. We are actively pursuing several acquisitions and will utilize Donnelly’s operational strengths and its engineered services to accelerate growth, enter new markets, and expand Beacon’s manufacturing and services capabilities across North America.”
Donnelly is Akoya’s 18th platform investment. “The Donnelly acquisition is consistent with our investment strategy of combining world-class executives, well-positioned companies, and fully developed value creation strategies to create significant value for management and investors. We were delighted to partner with Trinity on this transaction as they have proven to be a value-added co-investor and partner,” said Carr Preston, Managing Director of Akoya.
About Akoya Capital, LLC
Akoya is a sector-focused independent sponsor that creates and nurtures partnerships between management and capital. With industry leading sector expertise, proprietary platform organizations, experienced management teams, and co-investors, we collaborate on compelling value creation opportunities. Together, we develop and execute industry sector acquisition strategies that deliver significant, measurable value for management, partners, and shareholders. Led by the industry knowledge of our sector leaders, we are highly selective in the sector-based investments we pursue. This exclusivity allows us to work with the finest companies from each industry.
Akoya is proactively seeking platforms with EBITDA in excess of $3m in the following sectors:
- Home Services: Residential HVAC, plumbing, roofing, windows & doors, solar energy, and other essential services
- Industrial: Distribution, Packaging
- Specialty Chemicals: Adhesives, Sealants, Coatings
We are also seeking add-on acquisitions for Beacon and Primetac, a valued-added distributor of tapes and stretch films to the industrial packaging market.
Contact Us:
If you know of a company that fits this profile, we welcome the opportunity to discuss it with you. Please contact Pat Riley at 312-546-8303 or priley@akoyacapital.com.
