Birmingham-based Strength Capital Partners has sold Warren-based ARCH Global Precision to The Jordan Co., a private equity firm based in New York.
ARCH Global Precision President and CEO Eli Crotzer and the rest of the ARCH senior management team will continue operating in their current roles under Jordan's ownership. ARCH manufactures precision cutting tools, precision machined industrial components and medical implants and instruments.
“I could not be more excited to be having TJC acquire ARCH, as they share our vision for growth and cultural preservation at ARCH," Crotzer said in a statement. "I am confident that this next chapter of growth at ARCH with TJC will be every bit as rewarding and energizing as the last several years have been under the ownership of Strength Capital Partners and Main Post Partners.”
“We are thrilled by this excellent outcome," Strength Capital Managing Partner Mark McCammon said in a statement. "Our investors will receive a very good return on their investment and the company is getting an ideal partner for the next leg of its incredible growth."
Main Post Partners of San Francisco was co-owner of ARCH along with Strength Capital.
Lincoln International acted as the exclusive financial adviser to ARCH and Jaffe, Raitt Heuer & Weiss acted as the exclusive legal adviser to ARCH.