An affiliate of Peak Rock Capital, a middle-market private investment firm, has completed the acquisition of Amtech LLC and New Futura Services LLC, providers of manufacturing ERP software and technology services for the packaging and other manufacturing industries.
Cosmo DeNicola, founder and CEO of Amtech, commented, “Over the past 40 years, the Amtech team and I have built and refined a differentiated software solution to optimize our customers’ manufacturing operations. Our team is proud of the success it has achieved to date and believes that Peak Rock is the ideal partner for our business as we undertake the next stage of growth. I am thrilled to continue as a shareholder in the Company and in my role as CEO.”
Pete Leibman, managing director of Peak Rock, said, “Amtech represents an exciting opportunity to invest in a well-established software platform with a track record of providing significant value to its customers. This investment highlights Peak Rock’s continued commitment to investing in technology businesses that are leaders in their categories and that are well-positioned for further revenue growth. We look forward to working with the Company’s management team to enhance the business and build on the legacy of the DeNicola family. We are confident that Amtech is an excellent platform for expansion, through continued investments in new product development and strategic add-on acquisitions.”
Anthony DiSimone, chief executive officer of Peak Rock, added, “This transaction further exemplifies Peak Rock’s technology investing strategy, which focuses on growing founder and family-owned businesses in the software and technology sector. We continue to seek technology platforms and acquisitions that we believe would benefit from our ability to drive rapid growth and performance improvement.”
DC Advisory served as exclusive financial advisor to Peak Rock on this transaction.