CNC Machining Supplier Megatech Privately Acquired - Modern Distribution Management

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CNC Machining Supplier Megatech Privately Acquired

MiddleGround Capital gains a digital manufacturing platform investment in MegaTech, which provides high-precision, low volume machined parts.

Middle market B2B industrial private equity firm MiddleGround Capital announced Jan. 31 that it has acquired Québec City, Québec-based Megatech — a digitally-focused supplier of high-precision, low-volume CNC machined parts.

In a news release, MiddleGround detailed that Megatech leverages simulation, 3D visualization, analytics and collaboration tools to produce a wide variety of products for over 100 customers utilizing its modern fleet of state-of-the-art equipment. 

Megatech’s customer base spans across numerous end markets including optics & photonics, robotics, non-destructive testing, medical and A&D, among others. Supported by an efficient Material Requirements Planning (“MRP”) system and by a team of trusted partners, Megatech is able to offer customers quick turnaround times for orders.

“In a world in constant acceleration, Megatech’s mission is to be a leading machining shop, specialized in high precision and complex parts,” said Jean Blanchet, CEO of Megatech. “We’re excited to work with the MiddleGround team to achieve our next leg of growth through organic and inorganic strategies, while continuing to maintain the qualities that have resulted in our success thus far. Our growth to date can be attributed to our employees, equipment, processes and engineering capability along with our ability to provide highly-technical and complex machining capabilities with fast turnaround times.”

MiddleGround said it will look to leverage its resources and expertise to organically and inorganically build a larger platform around Megatech focused on highly-specialized, complex, low-to-medium volume prototyping and production parts in the outsourced manufacturing space with strong revenue tailwinds driven by Industry 4.0 trends.

“With a track record of long-term growth, we look forward to supporting and accelerating Megatech’s growth strategy,” said Marty Sjoquist, Director of the Investment Team at MiddleGround. “We are excited to work closely with Megatech’s experienced team to build a scaled and diversified platform, expanding the company’s technological and manufacturing capabilities and aligning it with the tailwinds of Industry 4.0 manufacturing. 

Stifel acted as the exclusive financial advisor to Megatech in its sale to MiddleGround Capital.

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