An affiliate of Austin, Texas based Peak Rock Capital, a leading middle-market private investment firm, announced last week that it has completed an acquisition of Port Washington, Pennsylavania based Amtech LLC and New Futura Services LLC, leading providers of manufacturing ERP software and technology services for the packaging and other manufacturing industries.
Amtech’s innovative, end-to-end suite of software, automation and other technology solutions serve as the backbone for a diverse group of over 245 customers and more than 750 manufacturing plants. Its tailored solutions enable manufacturers to remain competitive in a fast-evolving industry, while also achieving operational excellence in areas including plant management, production planning, supply chain, sales and customer service. Amtech’s offerings provide a compelling value proposition to the full spectrum of manufacturers.
“Over the past 40 years, the Amtech team and I have built and refined a differentiated software solution to optimize our customers’ manufacturing operations,” said Cosmo DeNicola, founder and CEO of Amtech. “Our team is proud of the success it has achieved to date and believes that Peak Rock is the ideal partner for our business as we undertake the next stage of growth. I am thrilled to continue as a shareholder in the company and in my role as Chief Executive Officer.”
Pete Leibman, Managing Director of Peak Rock, said, “Amtech represents an exciting opportunity to invest in a well-established software platform with a track record of providing significant value to its customers. This investment highlights Peak Rock’s continued commitment to investing in technology businesses that are leaders in their categories and that are well-positioned for further revenue growth. We look forward to working with the Company’s management team to enhance the business and build on the legacy of the DeNicola family. We are confident that Amtech is an excellent platform for expansion, through continued investments in new product development and strategic add-on acquisitions.”
Anthony DiSimone, Chief Executive Officer of Peak Rock, added, “This transaction further exemplifies Peak Rock’s technology investing strategy, which focuses on growing founder and family-owned businesses in the software and technology sector. We continue to seek technology platforms and acquisitions that we believe would benefit from our ability to drive rapid growth and performance improvement.”
DC Advisory served as exclusive financial advisor to Peak Rock on this transaction.