Acquisition bolsters micro-electronics platform with broad capabilities
SALEM, N.H.–(BUSINESS WIRE)–Micro-Precision Technologies, Inc. (“MPT”, https://www.micropt.com), a leader in complex micro-electronics, is thrilled to announce its acquisition of Stellar Manufacturing (“Stellar”), a provider of printed circuit board assemblies (PCBA). MPT partnered with private equity investment firm, Great River Capital Partners in mid-2024, with add-on acquisitions considered as one path to drive continued growth for the company. The acquisition of Stellar closed in early October. Terms of the transaction were not disclosed.
The combined company delivers a broad portfolio of advanced technology solutions to support next-generation products across the Defense, Aerospace, Medical, and Commercial markets.
“This is an important milestone for MPT that expands our technology offerings and positions us for continued growth. By combining Stellar’s long-standing expertise in the PCBA market with MPT’s advanced Hybrids/multichip modules (MCM) and Thick Film capabilities, we can provide customers with a wider range of solutions at multiple performance levels and price points,” said Martin Stensgaard, CEO of MPT.
“This is an exciting time for Stellar, as we share with MPT a commitment to produce exceptional products with strong customer service,” said David Gecks, former President of Stellar Manufacturing.
Stellar Manufacturing will continue to provide its products and interface with customers from its Salem, NH headquarters operation. In the first half of 2026, the company will be fully integrated into MPT’s AS9100D quality system and become compliant with ITAR and CMMC standards.
About MPT
Micro-Precision Technologies, Inc. is a MIL-PRF-38534 manufacturer of hybrid integrated circuits, multichip modules, custom semiconductors, and high-quality metallized thick film ceramic substrates. Additional micro-electronics assembly services include die attach/wire bonding, MEMS assembly, and custom semiconductor packaging.
MPT’s thick film capabilities feature multi-layer conductors, ultra-fine line/spacing down to 5 mils (0.005″), and via holes that can be filled or plated for electrical connections. The company operates clean areas rated Class 100 for precap and Class 10,000 for assembly.
About Great River Capital Partners
Great River Capital Partners (“GRCP”) is a private equity investment firm in Boston, MA focused only on acquiring mid-sized, founder-owned industrial technology and niche manufacturing companies. The firm is backed by 20 HNW individual investors and family investment offices that provide equity capital to support its transactions. GRCP has several active platform investments including Micro-Precision Technologies, Conductive Containers Inc., and Alloy Process Engineering.
More information is available at https://www.micropt.com
Contacts
Martin Stensgaard
CEO
[email protected]
(603) 893-7600
