DETROIT — Capital Partners LLC, a Detroit-based private equity firm, announced Monday that it has acquired the assets of Chicago-based Delta Technologies as an add-on acquisition to its Los Angeles-based user-interface and product identification company, Nelson-Miller Inc.
The transaction represents the 10th acquisition from Superior’s 2008 inaugural fund and the sixth acquisition in the last 12 months.
Nelson-Miller designs, manufactures and sources customized membrane switches, graphic overlays, nameplates, rubber keypads, touchscreens and other user-interface and product identification hardware. The products are used by original equipment manufacturers in the health care, industrial, aerospace and consumer industries.
Delta Technologies brings to Nelson-Miller complementary product lines and a diverse customer base. The transaction demonstrates the capacity of Nelson-Miller to be a platform company in a highly fragmented industry where many smaller players are unable to provide the level of service, technology and sourcing capability that today’s customers require.
Nelson-Miller CEO David Bland commented, “This is a very positive acquisition for Nelson-Miller. The transaction creates a larger, more diverse player in the industry and brings Nelson-Miller’s sales, engineering and manufacturing resources to Delta’s impressive customer list in the medical, communications, consumer and industrial industries.”
Superior combines capital, transaction experience and operational improvement expertise with proven management teams who have the vision, capability and commitment to successfully improve and grow their businesses. Superior seeks to acquire or recapitalize niche manufacturers, value-added distributors and specialty service companies. Generally, these companies will have annual revenue of $10 million to $150 million, identifiable growth opportunities and the need for capital and resources to implement a growth and recovery plan.