Sky Peak Capital, a New England-based private equity firm, has acquired Hicks Machine, a precision machine shop located in Walpole, N.H., and has also formed Excelus Manufacturing Solutions.
Hicks Machine is an ISO 9001 ceritifed provider of precision machining services to customers in the aerospace and defense, medical, microwave and commercial industries, among others. Excelus will serve as the holding company for Sky Peak’s precision machining acquisitions, Jarvis and Hicks, and will focus on the aerospace & defense, medical, high-tech and commercial industries. Future growth opportunities will target additional machining capabilities as well as sheet metal, fabrication and additive manufacturing.
“We look forward to continuing the Hicks family legacy of excellence by deepening and broadening our service offering to our new and existing customers,” comments Mike Burke, managing partner at Sky Peak. “We are excited by the ample opportunities we see for investment in best-in-class, peer-leading businesses and through Excelus will look to partner with leading companies & institutions to drive innovation and growth in the technologies of tomorrow.”
Sky Peak was advised by BakerHostetler and Gallagher, Flynn & Co.