NEWBURYPORT, Mass. – MacDiarmid Machine Corporation has been acquired by Potentia Holdings, LLC to join its group of metal products manufacturing companies.
The transaction was coordinated by Ken Schaefer, deputy director, and John Howe, director, of Business Transition Strategies.
MacDiarmid Machine provides high quality machining services, from prototype to short production runs, to a wide range of sectors, largely within the Northeast. Using state-of-the-art CNC equipment and integrated manufacturing software, its customers receive top quality products designed to their exact specifications.
The company was formed by Scott MacDiarmid in 1988 and grew steadily through the years. Through that period it developed a reputation for rapid turnaround of projects and quality workmanship.
MacDiarmid will remain with the company through a transition period after which he plans to retire.
David Slutz is managing director of Potentia Holdings, LLC, which is based in Lakeville, and will be working along with partners to preserve the company and grow its market reach. Potentia focuses on growth-oriented industrial companies looking to grow in a long-term, value creating environment.
Business Transition Strategies is a New England-focused M&A firm with offices in Andover, Mass. and Pembroke, N.H. It works with owners of private companies who want to sell. It has sold manufacturing, distribution, machining and coating companies in New Hampshire and Massachusetts.
"The entire process went smoothly and professionally. The BTS team kept me fully informed at every step. They worked hard and were effective in bringing the deal home."
"Skip and I continue to be grateful for all you have done to make the sale of Pure Flow come to fruition."
"BTS’s level of expertise in the process and close attention to detail enabled us to successfully navigate the deal."
"These types of transactions are often long and complicated and I doubt it could have been successfully completed without your close ongoing involvement."
"The outside objective point of view that you have brought us has been invaluable as we prepare for the rapid growth."
"John then found the right buyer and coordinated a seamless transition—he doesn’t miss a single detail."
"John immediately identified our strengths and experiences and discussed a business that ultimately was more in line with our goals."
"The BTS team came in, evaluated everything in a professional and thankfully non-threatening manner."
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