Prototek Sheetmetal Fabrication Acquires Hayes Manufacturing
This deal expands their footprint into rapid prototyping of precision machined plastic and metal parts for medical, aerospace, robotics and electronics applications.
Posted: September 1, 2018
Prototek Sheetmetal Fabrication LLC (Contoocook, NH), a portfolio company of Core Industrial Partners (Chicago, IL) acquired Hayes Manufacturing Services, Inc. (Sunnyvale, CA), a rapid prototyping manufacturer of precision-machined plastic and metal components headquartered in Silicon Valley that provides services for a blue-chip customer base primarily in the medical, aerospace, robotics and electronics end markets. Founded in 1991, they have nearly three decades of experience working closely with customers to manufacture products meeting the most stringent dimensional and aesthetic requirements, including tolerances as tight as one ten-thousands of an inch. Hayes holds a variety of certifications and compliance designations, including ISO 9001, ITAR, FDA and CDPH.
Monroe Capital LLC provided financing for the acquisition. Winston & Strawn LLP provided legal representation to CORE and Prototek in the transaction. Financial terms of the transaction were not disclosed.
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