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.

What our clients are saying...

“New Image Coatings, owners of Seal-Once, retained Business Transition Strategies in April of 2015 to locate a strategic buyer for the company. This was successfully completed during April of 2016 when we were acquired by UC Coatings of Buffalo, New York. Working at our side throughout this process were John Howe director, and Ken Schaefer, deputy director, of Business Transition Strategies. From the start of the project, where the information memorandum was developed, to helping us create the management presentation to acquirers, through negotiating the letter of intent and then the definitive agreement, they were there with me and our professional team every step of the way. It took nearly one year to the day to complete the project, but they never lost focus on my best interests and helped me keep my eye on business. This sale was very complex. It included transfer of trade secrets from the product developer, …as well as the transfer of a manufacturing and licensing agreement we had with the core compound producer… John and Ken marketed the company to a range of strategic acquirers, including a number of private equity groups and their platform companies, which ultimately resulted in an agreement with United Coatings… BTS’s level of expertise in the process and close attention to detail enabled us to successfully navigate the deal. I would recommend John Howe and Ken Schaefer to any company owner considering selling.”

- Hank Croteau

New Image Coatings