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MacDiarmid Machine Corp. acquired by Potentia Holdings, LLC

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.

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