BOSTON--(BUSINESS WIRE)--Sky Peak Capital (“Sky Peak”), a founder-focused, operationally-driven private equity firm, is pleased to announce the acquisition of Jarvis Machine (“Jarvis”), a leading supplier of precision machining services to the industrial, defense, photonics, firearms and pneumatics industries.
Jarvis represents the first acquisition in Sky Peak’s manufacturing platform, targeting founder-led, small-to-medium sized manufacturing businesses in highly fragmented markets with substantial scalability.
After making a strategic growth investment in February 2021, Sky Peak recently exercised its option to purchase the entirety of Jarvis, delivering value to the founder, Duane Jarvis, as well as certainty and commitment to Jarvis’ employees, customers and broader stakeholders. While Sky Peak will primarily target control transactions, its flexible mandate provides the ability to structure creative capital solutions.
Founded in 2009, Jarvis is a leading supplier of custom precision machining capabilities in the lower middle market. Backed by an industry leading team of programmers, machinists and engineers, Jarvis targets complex geometries in difficult materials and provides a personalized, tailored solution to its customers.
“We’re excited to partner with Sky Peak to continue to bring our customers best-in-class service offerings while expanding capabilities and building on our already top-notch team,” said Cedric Gaudette, General Manager of Jarvis.
“Jarvis has built a fantastic customer base and reputation over more than a decade and we’re excited to continue to help their great business thrive,” said Mike Burke, Managing Partner at Sky Peak.
Burke added, “We’re increasingly seeing an M&A imbalance in US manufacturing, particularly in the lower middle market, with a substantial number of original owners looking to retire. Coupled with significant overall demand and reshoring efforts, we’re incredibly excited about the opportunities to partner with additional, high-quality founder-led businesses in the industry. In fact, we’re currently in discussions with several others that would represent excellent additions to the platform.”
Sky Peak was advised by BakerHostetler and Gallagher, Flynn & Co.
About Sky Peak Capital
Sky Peak is a New England-based private equity firm focused on founder-led businesses with $1-10mm of revenue that might otherwise be overlooked by conventional lower middle market funds. The firm takes a hands-on, people-centric approach, focusing on building the right human capital foundation before looking to implement strategic initiatives and make disciplined capital investment. Sky Peak seeks to partner with founders to unlock meaningful value for all stakeholders and looks for inefficiencies of scale at an individual company level that can be substantially enhanced through unified ownership.
About Jarvis Machine
Jarvis Machine is a leading provider of custom machining capabilities in New England. Founded in 2009, Jarvis has been providing high quality precision components across a broad range of industries for over a decade. Jarvis prides itself on working with customers from concept to creation, providing both prototypes and large-scale production runs, focusing on complex geometries in difficult materials.
