ARCH Global Precision, a portfolio holding of The Jordan Company, has acquired MMi Sonora, a specialized contract manufacturer of precision machined components. Capstone Headwaters, a middle market investment banking firm, advised MMi Sonora on its acquisition.
Founded in 1979 and located in Sonora, CA, MMi manufactures high-precision components and assemblies and has expertise in providing precision manufacturing and engineering solutions for the rapidly expanding robotic-assisted surgical systems and instruments market. MMi is a single-source provider for design and engineering support, CNC turning, gearing, milling and Swiss machining services with quick-turn and prototype offerings in addition to high-volume long-term production. The company is particularly adept at geometrically complex parts, applications that require exacting tolerances (± .0001") and components that require multiple machining processes. These advanced competencies are highly complementary to the existing precision machining capabilities at ARCH locations across the country, and the move bolsters ARCH as a growing supplier to several end markets.
"The timing is right for MMi to join forces with ARCH, a growth-oriented strategic partner, and this move will be beneficial for our employees and our loyal customers," said William McDonald, former co-owner of MMi. "ARCH shares the vision and core values that we live by every day at MMi, and we are looking forward to our partnership with the ARCH team."
Steve Woodward, former co-owner of MMi, said, "This is an exciting new chapter for MMi and an opportunity for us to grow with a well-respected family of precision manufacturing companies that fully embraces the medical technology revolution."
David Bench, Capstone's Head of Industrial & Manufacturing, commented, "This exciting combination fast-tracks ARCH's expansion into surgical robotics and enriches MMi Sonora's core strength of continuous manufacturing improvement of highly complex, tight-tolerance components. We project robust M&A activity within precision manufacturing driven by the strong economy, continued outsourcing, reshoring of manufacturing and technology advances such as multi-axis machining."
For more information contact:
ARCH Global Precision
2600 S Telegraph Rd., Suite 180
Bloomfield Hills, MI 48302
www.archglobalprecision.com
MMi Sonora
20555 N Sunshine Rd.
Sonora, CA 95370
209-533-1033
info@mmisonora.com
www.mmisonora.com
Capstone Headwaters
176 Federal Street 3rd Floor
Boston, MA 02110
617-619-3300
www.capstoneheadwaters.com