Genstar Capital acquires Tecomet

Genstar Capital Management LLC, a middle market private equity firm that focuses on investments in selected segments of the industrial technology, healthcare, financial services, and software industries, has acquired Tecomet Inc., a precision contract manufacturer supporting the medical device and aerospace & defense industries, in partnership with the company’s management. Tecomet was previously a portfolio company of Charlesbank Capital Partners.

 

Wilmington, Mass.-based Tecomet is a manufacturer of precision components to the aerospace and defense industry, producing products used in missile and satellite propulsion systems, vision systems, and infrared applications.

 

Genstar will partner with the Tecomet management team including Bill Dow and John Connolly to continue the company’s growth trajectory. Bill Dow, Tecomet’s CEO, said, “We look forward to our partnership with Genstar as we share a similar vision towards continuing Tecomet’s growth both organically and through acquisitions.”

 

Rob Rutledge, principal at Genstar Capital, said, “Tecomet is led by an outstanding management team that we are excited to partner with. Genstar is eager to partner with the Tecomet management team to expand the company’s capabilities, product offering, and geographic reach while continuing to provide excellent quality and service to its customers.”