New Water Capital has announced that Nelson Miller Group, acquired Injection Works. Injection Works will join together with current New Water portfolio company Nelson Miller Group (NMG), which is a provider of engineering, manufacturing and supply chain solutions focused on supporting secured applications across industrial, IoT (internet of things), medical, lighting and aerospace industries.
The acquisition, which represents NMG’s second add-on investment, expands platform’s North American manufacturing footprint and capability set. This further enables its ability to deliver engineered, custom solutions to its customers.
Founded in 1988 by Chris Rapacki, Injection Works has provided custom thermoplastic injection molded products and associated services to its customers for over 35 years. The Company focuses on providing value to its customers not only through its manufacturing abilities, but through offering of value-added engineering and design support along with secondary assembly and other processes.
“Injection Works provides a key manufacturing capability that will allow NMG to offer a broader range of products and further our goal of having more control over the supply chain while also being geographically close to our customers. Additionally, the acquisition allows us to do more for our customers, which will continue to fortify the long-term relationships with existing customers who value Injection Work’s innovative thinking, engineering expertise, and ability to deliver complex solutions.” says Jim Kaldem, president and CEO of Nelson Miller Group.
“Nelson Miller Group shares in our commitment to our customers and employees, which is built on years of trust delivered through quality and dependability. By joining NMG, Injection Works opens the door to new technologies, engineering solutions, and supply chain support for our customers.” says Chris Rapacki, co-founder and CEO of Injection Works.
“We are excited to welcome Injection Works to the platform. Chris and Injection Works have built an exceptional reputation over the years, and we are eager to partner with them to continue to grow its legacy and achieve a new level of success for its customers, employees and the entirety of the Nelson Miller Group.” says Matt Carlos principal at New Water Capital .
MBS Advisors served as exclusive financial advisor to Injection Works on transaction, while Kirkland & Ellis served as legal counsel to Nelson Miller Group. Terms of private transaction were not disclosed.
Comment on this article below or via Twitter: @IoTNow_OR @jcIoTnow
