In 2017, Mark Breckheimer, Akoya’s Integrated Manufacturing Solutions Sector Leader, identified NSA Industries as a well-respected company with strong client relationships and profitable growth potential.
A high-service contract manufacturing partner, NSA, which would later become Momentum Manufacturing Group, served a diverse set of end-markets, partnering with companies that would benefit from single-source, vertically integrated solutions.
Mark was impressed with the company’s management team and its state-of-the-art design, engineering, and manufacturing capabilities. Coupled with an ongoing commitment to certified standards of quality and Six Sigma continuous improvement, Mark knew NSA was well positioned to drive growth organically and through actionable add-on acquisitions.
Partnering with NSA President & CEO James Moroney and his senior leadership team, Akoya designed and executed a Value Creation Plan that outlined clear, actionable steps to maximize the company’s potential.
Organic Growth Opportunities
M&A Growth Opportunities
Akoya inspires change in three key areas critical to growth.
Talent Acquisition: To support rapid growth, an experienced CFO and COO were recruited to solidify the senior leadership team. Experienced sales professionals were brought on board to capitalize on an aggressive marketing strategy. Additional resources were added to accounting and finance, as well as HR to proactively recruit production labor and expand employee training programs.
From 2017 to 2021, the employee base more than doubled, growing from 290 to 665.
Capital Investment: $25 million in capital expenditures helped grow the manufacturing footprint from five to nine manufacturing locations across three states. These highly automated, state-of-the-art production facilities added new vertically integrated capabilities, thereby maximizing customer value, production efficiencies, and profit potential.
Board & Governance Structure: Bringing fresh perspectives to the business, the new structure helped shape strategic direction, charting a new path for growth, stability, and diversification.
A series of three acquisitions expanded services, capabilities, and capacity, opening the door to new customers and enhanced customer value.
In 2021, MMG was sold to a large financial buyer with a shared strategic vision. The entire management team remained with the company post-exit. Today, Momentum Manufacturing Group is the largest metal manufacturing company in the Northeastern United States.
