Bloomfield Hills-based Arch Global Precision, which manufactures cutting tools, medical instruments and implants, and precision machined components, has been acquired by The Jordan Co. in New York, effective Monday.
Arch was a Strength Capital Partners and Main Post Partners platform company. Eli Crotzer, president and CEO of Arch, as well as the Arch senior management team, will continue to operate in their current roles under The Jordan Co.’s ownership.
“On behalf of the entire Arch team, I would like to thank the good folks at Strength Capital Partners and Main Post Partners for their support and partnership over the last several years,” says Crotzer. “Together, we have achieved an extraordinary number of important milestones in building ARCH into a leading high-precision metalworking platform.
“I could not be more excited to be having TJC acquire Arch, as they share our vision for growth and cultural preservation at Arch. 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.”
Lincoln International in Chicago acted as the exclusive financial advisor to Arch, and Jaffe, Raitt, Heuer, and Weiss in Southfield acted as the exclusive legal advisor to Arch.
Arch has 17 production facilities across the country and serves the medical, aerospace, defense, and progressive industrial markets.