News and events for ARCH Precision Manufacturing

“I am extremely proud to have the CONTOUR360 team join the ARCH family. As I’ve gotten to know the capabilities and values of CONTOUR360, it has become clear that the team’s dedication to quality, service, and innovative tool design shines through in everything they do,” said Jeff Cederstrom, Division President – ARCH Cutting Tools. “These values, along with a clear entrepreneurial spirit, are strongly aligned with the ARCH Cutting Tools culture. The reputation of CONTOUR360 is second to none, and we look forward to working together.”

Tom Gleason, an owner of CONTOUR360, said, “We are very proud to be joining the ARCH Cutting Tool team and confident that the legacy that CONTOUR360 has built over the past 28 years will provide a solid base upon which the company can grow. Our baby is in good hands.”

“Without fail, everyone I’ve dealt with in the ARCH family has conducted themselves with honesty, integrity, and a passion for the industry,” said John Moller, an owner of CONTOUR360. “For these reasons, the decision to join the ARCH team was a no-brainer. The partnership between ARCH Cutting Tools and CONTOUR360 is a perfect fit and an important step as ARCH builds a world-class cutting tool brand.”

ARCH President and Chief Executive Officer Eli Crotzer believes that the strengths of CONTOUR360 will complement the customer-focused culture that ARCH Cutting Tools has built over the years.

“I have had the pleasure of getting to know this ownership group over the last five years, as well as visited the CONTOUR360 facility on multiple occasions,” Crotzer noted. “From the beginning of our relationship, I was impressed with the technical expertise within the CONTOUR360 workforce. As ARCH continues to build and expand upon our leading national customs and specials business, there is no question that CONTOUR360 will further enhance our offering to the marketplace.”

About ARCH® Cutting Tools
ARCH, a Jordan Company based in metro Detroit, is recognized as a world leader in high-performance solid round and indexable cutting tools. With manufacturing facilities located throughout the United States, the company’s engineering and machining facilities are dedicated to the betterment of precision machined parts, products, tools, and related supply chain processes. ARCH Cutting Tools combines the expertise of leading American manufacturing professionals and expanding technologies to serve the medical, aerospace and defense, and industrial markets. ARCHcuttingtools.com

For more information, contact:
Stacey Eeman
Director, Marketing and Business Development
stacey.eeman@archgp.com
Phone: 810-618-7711

“These companies are an exciting addition to the ARCH family,” said Paul Barck, Divisional President of ARCH Medical Solutions. “During my site visits, I saw firsthand sophisticated manufacturing processes and a culture highly focused on quality and productivity, which align well with our approach. The capabilities at Wilsey, Isimac, and Choice are highly complementary to existing ARCH Medical Solutions capabilities and expertise.”

Elizabeth Rothwell, Chief Commercial Officer at VfD and continuing President of ARCH Medical Solutions – Lehigh Valley, sees the partnership as a growth platform in the contract medical device and automation markets.

“Given the strength of both the VfD Technologies and ARCH Medical Solutions teams, our customers and employees stand to gain significantly from this partnership,” Rothwell said. “By joining forces, we will be able to offer expanded capabilities and capacity for our customers, and our employees will have broadened opportunities for growth and development.”

“The growth we are facing is tremendous, and ARCH offers expanded resources to secure the company’s future. After evaluating many options, we identified ARCH Medical Solutions as the right partner,” said Patrick Thornton, Chief Financial Officer at VfD and continuing VP of Finance for ARCH Medical Solutions – Lehigh Valley.

ARCH President and Chief Executive Officer Eli Crotzer believes the combined expertise of the three companies is a perfect match for ARCH.

“As we have gotten to know the overall business, we noticed many similarities between us,” he said. “I am confident these common values will make for a seamless integration.”

For more information, contact:
Stacey Eeman
Director, Marketing and Business Development
stacey.eeman@archgp.com
Phone: 810-618-7711

“It is exciting to welcome Titan and its team to the ARCH Medical Solutions family of companies,” said Paul Barck, Divisional President of ARCH Medical Solutions. “Titan, which will become ARCH – Memphis, has established itself as a premier supplier of high-quality complex surgical instruments, implants and other products serving the orthopedic industry. We look forward to the growth and opportunities this new partnership will bring. Expanding our geographic presence to Memphis is a logical move, as the area has deep roots in the orthopedics market. Together, we will make a collectively stronger team as we continue our mission to manufacture products that help improve people’s lives.”

Robert Kenyon, former Titan principal and continuing president, believes the partnership comes at the right time for the company.

“This is perfect timing and the right opportunity for securing Titan’s future, most importantly for our employees and our customers,” Kenyon said. “ARCH offers ongoing financial stability and expanded resources to support our continuing growth. For our team members, ARCH has a positive work culture that values and rewards the contributions of employees. For our customers, ARCH has forged an industry reputation for excellence that will elevate our business relationships and foster deeper connections. There’s no doubt in my mind ARCH is the right partner for Titan Medical Manufacturing.”

“This is an exciting acquisition for ARCH that has been in the works for several years as Robert Kenyon and his team have gotten to know the ARCH platform and our leadership team,” ARCH President and Chief Executive Officer Eli Crotzer said. “Titan represents the 30th acquisition completed by ARCH since the company was founded nearly 10 years ago, and it is fitting that this is such a transformational addition to our growing nationwide ARCH Medical Solutions platform. Robert and his team provide strong cultural alignment with the existing ARCH organization, and I am excited to welcome the Titan team as an integral and growing part of our Medical Solutions group.”

For more information, contact:
Stacey Eeman
Director, Marketing and Business Development
stacey.eeman@archgp.com
Phone: 810-618-7711

“We are pleased to have found the ideal new home and investment partner for the ARCH PC business,” said Eli Crotzer, President and Chief Executive Officer of ARCH who, upon completion of the transaction, will also join the Board of Directors of the new ARCH PC standalone company. “MDP understands ARCH PC’s business, its customers and the markets it serves, and I am confident that ARCH PC will continue to grow as a newly-independent company. I’m excited for ARCH PC’s next chapter and look forward to helping ARCH PC remain the most innovative precision-machine components manufacturer in its served markets while remaining true to its values, culture and steadfast commitment to its customers.”

ARCH PC is a leading producer of precision-machined components for world-class manufacturers in the aerospace and defense, transformative technologies and industrial markets. As a standalone company, ARCH PC will pursue a customer-centric growth strategy focused on investing in its capabilities, capacity and people to provide best-in-class service to customers in its specific end markets. Upon completion of the transaction, ARCH, with the ongoing support of TJC, will consist of its remaining two segments, ARCH Medical Solutions and ARCH Cutting Tools.

Andy Spiering, ARCH PC’s Divisional President who, at the completion of the transaction, will become Chief Executive Officer of ARCH PC, commented: “I am proud of the platform we’ve built and grateful for the support we’ve received from TJC. I’m also thankful for the ongoing support of our customers and employees and am excited for our future as an independent company that has the support of an experienced industrial investor like MDP. ARCH PC will be focused on continuing to deliver high-quality and industry-leading components to our customers. This ever-sharper focus should accelerate our growth and help us provide more opportunities to our employees.”

Drew Macha, a Director with MDP’s Basic Industries team, said: “Eli, Andy and the entire ARCH team have created a tremendous precision components business with an unwavering commitment to customer excellence. We look forward to building upon this strong foundation and helping ARCH PC expand its industry-leading capabilities in its dynamic and rapidly growing end-markets. Critical to this effort will be our support of the innovative and collaborative culture at ARCH PC, which we believe drives customer and employee success.”

“ARCH PC has numerous growth opportunities ahead, and we look forward to supporting the team by bringing to bear our industrial investment expertise,” said Rich Copans, a Managing Director with MDP’s Basic Industries team. “We’re excited to partner with Andy and the ARCH PC leadership team and Board to help continue ARCH PC on its upward trajectory as a standalone business.”

“We’re proud of the success ARCH PC has had under our ownership,” said Mike Denvir, a Partner at TJC. “This transaction validates the team’s hard work over the past few years and positions ARCH PC and the remaining business segments within ARCH for continued success moving forward. We’re excited to continue our successful investment partnership with Eli and his team as we work to extend ARCH’s growth well into the future.”

Completion of the transaction, which is expected to occur in the second quarter of 2021, is subject to the satisfaction of customary closing conditions. Lincoln International is serving as financial advisor and Winston & Strawn LLP is providing legal counsel to ARCH. Kirkland & Ellis LLP is serving as legal advisor to MDP.

About ARCH Global Precision, LLC

ARCH, based in metro Detroit, manufactures precision-machined components, medical instruments and implants and consumable cutting tools for a range of critical applications. ARCH has dozens of facilities strategically located across the country serving the aerospace and defense, medical, surgical robotics, transformational technologies and industrial markets, among others. The teams at ARCH are metalworking professionals with industry-leading tight-tolerance manufacturing expertise. ARCH provides innovative and practical solutions to the complex manufacturing challenges of its customers.

About Madison Dearborn Partners, LLC

MDP is a leading private equity investment firm based in Chicago. Since MDP’s formation in 1992, the firm has raised aggregate capital of over $27 billion and has completed over 150 investments. MDP invests across five dedicated industry verticals, including basic industries; business and government software and services; financial and transaction services; health care; and telecom, media and technology services. For more information, please visit www.mdcp.com.

About The Jordan Company, L.P.

TJC (www.thejordancompany.com), founded in 1982, is a middle-market private equity firm that has managed funds with original capital commitments in excess of $14 billion since 1987 and a 39-year track record of investing in and contributing to the growth of many businesses across a wide range of industries including Industrials, Transportation & Logistics, Healthcare & Consumer and Technology, Telecom & Utilities. The senior investment team has been investing together for over 20 years and is supported by the Operations Management Group, which was established in 1988 to initiate and support operational improvements in portfolio companies. Headquartered in New York, TJC also has an office in Chicago.

For more information, contact:
Stacey Eeman
Marketing & Business Development Manager
stacey.eeman@archgp.com
Phone: 810-618-7711

“We are excited to announce this acquisition and welcome Tier ONE colleagues and customers to the ARCH family of companies,” said Paul Barck, Divisional President of ARCH Medical Solutions. “This new location, which becomes ARCH Medical Solutions – Newtown, adds a highly capable and experienced team to AMS and expands our presence in the growing healthcare, diagnostic, and life sciences markets. The added capabilities in milling, mill-turn, Swiss machining, and other manufacturing operations that connect the dots of complex assemblies and inventory management fit nicely with our growing customer base and medical device contract manufacturing service offerings. We also are committed to bringing the strength and backing of ARCH to support the ongoing growth of ARCH Medical Solutions – Newtown and our expanding base of customers in the medical device and diagnostics market.”

Joe Young, former principal and continuing president, is excited about the benefits the partnership brings.

“This is the right decision for our employees and especially for our customers. The AMS model that broadens our offerings will be very beneficial to our customers, and a larger company that offers financial stability and expanded resources will help accelerate our growth,” Young said. “Joining forces with ARCH Medical Solutions was not a decision we took lightly. ARCH follows the same core values for their employees and customers that we do at Tier ONE. They also have an industry reputation for excellence. This is why we felt ARCH was the perfect fit.”

For more information, contact:
Stacey Eeman
Marketing & Business Development Manager
stacey.eeman@archgp.com
Phone: 810-618-7711

“LISI Medical Jeropa broadens the portfolio of products and end markets served by ARCH Medical Solutions,” said Paul Barck, President of ARCH Medical Solutions. “We are excited about this new location, which becomes ARCH Medical Solutions – Escondido, and the capable team that will be joining AMS. The added capabilities in micro-machining, tight-tolerance instrument assemblies, and operations that span prototype to production scale dovetail nicely with our growing customer base and medical device contract manufacturing service offerings.”

For more information, contact:
Stacey Eeman
Marketing & Business Development Manager
stacey.eeman@archgp.com
Phone: 810-618-7711

“H. & S. Swansons’ Tool Company brings us extensive 4-axis machining capabilities along with automation for long unattended run times as well as NADCAP-certified finishing services supported by a focused strength in complex masking operations,” says Andy Spiering, Divisional President of the ARCH Precision Components Segment. “We’re fortunate to be partnering with a company of the stature of H. & S. There’s a close cultural alignment between our teams and solid synergistic strengths in our combined operations. H. & S. has cultivated a strong reputation in the manufacturing industry that aligns with our laser-like focus on collaboration and commitment to the overall success of our customers.”

Jim Swanson, former owner of H. & S. Swansons’ Tool Company, calls the move a win-win for his operation and ARCH.

“It’s a really good match, one that will succeed for our employees and for ARCH,” Swanson says. “We identify with the ARCH philosophy, and we will continue to excel under their leadership. Over many decades, the H. & S. Swansons’ Tool Company team has worked diligently to establish an industry reputation for quality and reliability. We have built our legacy on a desire to do the difficult, do it extremely well, and make it happen consistently. This partnership is the ultimate reward for our efforts—and the timing is right.” 

For more information, contact:
Stacey Eeman
Marketing & Business Development Manager
stacey.eeman@archgp.com
Phone: 810-618-7711

“We’re excited about partnering with Morsch Machine and welcoming new team members and customers to the ARCH family,” said Andy Spiering, Divisional President of the ARCH Precision Components Segment. “This important and strategic acquisition accomplishes numerous ARCH Precision Components goals, among them adding deep manufacturing capabilities, expanding capacity in mid- to high-volume work, and broadening capabilities to include structural adhesive bonding. Operationally, this acquisition allows ARCH to merge our Mesa operations with Morsch to create a collectively stronger company called ARCH – Chandler. At this location, we will elevate our service to our customers with comprehensive capabilities including turning, 3-axis machining, 4-axis automated cell systems, 5-axis complex machining, adhesive bonding, and assembly.”

Joe Salontai Sr., former Owner and continuing President of Morsch Machine, called the partnership the right move for his company, employees, and especially his customers.

“While considering our future and planning for the long term, we determined this is the appropriate time to partner with a larger company that offers financial stability and expanded resources for our continued growth,” Salontai Sr. said. “Careful thought and analysis went into this decision. ARCH Global Precision is the right partner for Morsch Machine with core values that mirror our own and an industry reputation for excellence. Our company, employees, and customers will benefit greatly from the extensive experience, breadth of capabilities, and hands-on leadership of ARCH.”

For more information, contact:
Stacey Eeman
Marketing & Business Development Manager
stacey.eeman@archgp.com
Phone: 810-618-7711

Award winners will be announced through a special virtual event at 6 p.m. EST Oct. 8 and will join a lifelong community of esteemed Entrepreneur Of The Year alumni from around the world. This year, unstoppable entrepreneurs who have provided extraordinary support for their communities, employees and others during the COVID-19 crisis will also be recognized for their courage, resilience, and ingenuity.

Entrepreneur Of The Year is one of the preeminent competitive award programs for entrepreneurs and leaders of high-growth companies. The nominees are evaluated based on six criteria, including overcoming adversity; financial performance; societal impact and commitment to building a values-based company; innovation; and talent management. Since its launch, the program has expanded to recognize business leaders in more than 145 cities in over 60 countries around the world.

“I am humbled to be named a finalist for the Entrepreneur Of The Year® 2020 Michigan and Northwest Ohio Awards. Thank you to Ernst & Young for this honor,” Crotzer said. “These are exciting times for ARCH. I’m proud to say our 1,600-plus employees at 25 locations nationwide have successfully navigated the challenging start to this year. Working together, we have enhanced customer outcomes and kept ourselves in position to continue our rapid growth through acquisition.

“The honor of being selected as a finalist for the Entrepreneur Of The Year Award is a reflection of the relentless contributions from our talented associates throughout the company. It is their individual and collective entrepreneurial spirit that has driven our success. It has been truly inspiring to see how our people have come together under one culture—one ARCH. That has been, and will continue to be, absolutely paramount to our success.”

Regional award winners are eligible for consideration for the Entrepreneur Of The Year National Awards, to be announced in November during a virtual awards gala. The Entrepreneur Of The Year National Overall Award winner will then move on to compete for the EY World Entrepreneur Of The Year™ Award in June 2021.

Entrepreneur Of The Year Award winners become lifetime members of a global, multi-industry community of entrepreneurs, with exclusive, ongoing access to the experience, insight and wisdom of program alumni and other ecosystem members in over 60 countries — all supported by vast EY resources.

Founded and produced by Ernst & Young LLP, the Entrepreneur Of The Year Awards are nationally sponsored by SAP America and the Kauffman Foundation. In Michigan and Northwest Ohio, sponsors also include Citizens Bank, Donnelley Financial Solutions, Trion Solutions, Oswald Companies, Stanton Chase, and Tanner Friedman Strategic Communications.

Entrepreneur Of The Year® is the world’s most prestigious business awards program for unstoppable entrepreneurs. These visionary leaders deliver innovation, growth and prosperity that transform our world. The program engages entrepreneurs with insights and experiences that foster growth. It connects them with their peers to strengthen entrepreneurship around the world. Entrepreneur Of The Year is the first and only truly global awards program of its kind. It celebrates entrepreneurs through regional and national awards programs in more than 145 cities in over 60 countries. Winners go on to compete for the EY World Entrepreneur Of The Year™ title. ey.com/us/eoy

For more information, contact:
Stacey Eeman
Marketing & Business Development Manager
stacey.eeman@archgp.com
Phone: 810-618-7711

“We’re excited to welcome the Cling’s Aerospace team and its customers to the ARCH family,” said Andy Spiering, Divisional President of the ARCH Precision Components Segment. “Cling’s Aerospace is an important acquisition for ARCH, enabling us to further expand our aerospace and defense capabilities in support of our customers, and broadens our footprint in the Phoenix area to supplement our existing Mesa location. We are excited to add a company of Cling’s caliber that possesses a high level of engineering expertise, as well as extensive capabilities in complex manufacturing, custom-fabricated tubing, weldments, and assemblies.”

Doug Cling, former owner and President of Cling’s Aerospace, worked with ARCH over several years and became convinced the partnership was the right thing to do for his company, his employees, and his customers.

“As the market continues to change and consolidate and as a number of different parties showed interest in Cling’s, I ultimately chose ARCH because of their strong track record in closing on acquisitions, their presence in and knowledge of the aerospace and defense market, and their stellar reputation in the marketplace,” Cling said. “Having known ARCH President and CEO Eli Crotzer and several ARCH team members, when it came time to move forward, it was an easy choice for me to make. I am looking forward to partnering with ARCH as we mutually work to grow the business. My employees and customers can confidently anticipate the future knowing that I am committed to staying on to run the business post-closing.”

For more information, contact:
Stacey Eeman
Marketing & Business Development Manager
stacey.eeman@archgp.com
Phone: 810-618-7711

Lorant joined ARCH almost five years ago, and her impact was immediate. In 2019, she ascended to her position as vice president.

“It’s important there is a place for strong women in business,” said Lorant, who spent more than 15 years as a human resources manager in the retail consumer goods industry before coming to ARCH. “Opportunity and success should be based on skills, ability, and ambition.”

Connolly oversees all financial reporting for ARCH, including due diligence related to merger and acquisition activity—no small task considering the company’s recent, rapid expansion.

“Given the pace of change and growth at ARCH, it’s impossible to get bored,” she said.

Both Lorant and Connolly’s meaningful contributions to the success of ARCH exemplify what studies and research have shown time and again: Companies with women in leadership roles perform better than those without females at the executive level.

“The higher the percentage of women in top management, the greater the excess returns for shareholders. Financial performance metrics verify this superior stock market performance,” a 2016 report from Credit Suisse found. “From YE13 through mid-16, companies where women accounted for 25 percent of senior leadership outperformed at a compound annual growth rate of 2.8 percent; this increased to 4.7 percent at companies where women comprised 33 percent of senior leadership; and then jumped to 10.3 percent at companies where more than 50 percent of senior leaders are women.”

An expansive Peterson Institute for International Economics study on gender diversity at 21,980 firms in 91 countries provided similar results.

“A profitable firm at which 30 percent of leaders are women could expect to add more than 1 percentage point to its net margin compared with an otherwise similar firm with no female leaders,” the study determined.

Contributing to the success of ARCH employees—men and women alike—is a commitment to training and education.

“It hasn’t always been easy,” Connolly said. “I have certainly had some curve balls thrown my way, but each one has resulted in a valuable lesson that helped me get where I need to be. I continually learn from the people I work with too. I learn new things, unexpectedly, all the time.”

Susan Mulcahy, a Laser Operator and Packaging Specialist at ARCH Cutting Tools – Rhode Island, attributes her success to the ARCH atmosphere of continuous learning and equal opportunity.

“I was looking for a part-time job and a friend referred me here. It wasn’t long before the part-time job evolved into a full-time position, and I had the opportunity to learn to operate a high-tech laser marking system,” Mulcahy said. “I didn’t have a technical background and at first, I thought, ‘oh my gosh!’ but as I trained, I gained confidence. I work with great people, in an environment where everyone gets an equal opportunity.”

Lorant and Connolly said they are grateful to work in a corporate culture that is diverse and supportive; and they said it is satisfying to represent women within their organization and the industry overall

“While I’ve had a great deal of success at ARCH, I think my greatest satisfaction is in earning the respect of the people I work with,” Connolly said. “I work with incredibly talented, intelligent people – having their respect, and their support, means we’re all successful.”

“I believe that leaders must remain humble and that they must always remain ready to pitch-in, doing whatever is necessary, no matter their title or position,” Lorant said. “I’m fortunate to be with a company that makes that philosophy part of its way of doing business.”

Read “Women in manufacturing ... in their own words”

“We are extremely excited to announce the acquisition of MMi, and we welcome all MMi colleagues and customers to the ARCH family of companies,” said Paul Barck, Divisional President of ARCH Medical Solutions. “This acquisition is strategically important as it demonstrates our commitment and deliberate move into the rapidly expanding robotically assisted surgical market. The MMi acquisition also adds to the depth of our machining capabilities for complex, tight-tolerance machined components and devices for the surgical robotics and precision motion control hardware industries. MMi has established themselves as a critical supplier to the world’s leading manufacturers within these markets, and becoming a member of the ARCH family will provide the opportunity for us to more broadly support and serve our customers.”

“The timing is right for MMi to join forces with ARCH Medical Solutions, a growth-oriented strategic partner, and this move will be beneficial for our employees and our loyal customers,” said William McDonald, former co-owner of MMi. “ARCH shares the vision and core values that we live by every day at MMi, and we are looking forward to our partnership with the ARCH team.”

Steve Woodward, former co-owner of MMi, agreed. “This is an exciting new chapter for MMi and an opportunity for us to grow with a well-respected family of precision manufacturing companies that fully embraces the medical technology revolution,” he said.

For more information, contact:
Stacey Eeman
Marketing & Business Development Manager
stacey.eeman@archgp.com
Phone: 810-618-7711

“We are extremely excited to announce the acquisition of Arundel Machine Tool, and we welcome all Arundel colleagues and customers to the ARCH family of companies,” said Andy Spiering, Divisional President of ARCH Precision Components. “This acquisition is strategically important for two reasons: It will significantly broaden our exposure to attractive aerospace and defense customers and programs. In addition, it expands our capabilities, and the soon-to-be-completed expansion at the Arundel facility will provide increased capacity to support the growing needs of our customers.”

“I truly believe from the bottom of my heart this is the right thing to do for Arundel Machine Tool and, more importantly, for all of our employees and our loyal customers,” said Marcel Bertrand, the former principal owner and CEO of Arundel. “ARCH holds true to the same set of core values that we live by every day at Arundel. This is an exciting new chapter for Arundel Machine Tool and an opportunity to grow with a family of companies that shares our vision of precision manufacturing in America.”

For more information, contact:
Stacey Eeman
Marketing & Business Development Manager
stacey.eeman@archgp.com
Phone: 810-618-7711

“We are extremely excited to announce the acquisition of Aero Pacific Corp., and we welcome all APC colleagues and customers to the ARCH family of companies,” said Andy Spiering, Divisional President of the ARCH Precision Components Segment. “The acquisition of APC is strategically important as it will significantly broaden our exposure to attractive aerospace and defense customers and programs as well as expand our capabilities to include tight-tolerance machining of large-envelope, hard-metal parts for critical applications.”

“I am pleased to announce the sale of APC to ARCH,” said Mark Heasley, the former principal owner and CEO of APC. “In choosing an acquirer to sell to, it was extremely important to find a buyer with strong cultural alignment and one with a strong track record of acquiring and integrating businesses in a manner that is not disruptive to the customers and colleagues of the businesses that have been acquired. After spending time with a number of different interested buyers, it quickly became apparent that ARCH was the ideal fit for APC to partner with during this next phase of growth of the business. The entire APC team could not be more excited about the sale to ARCH and what the future will hold as we partner with the existing ARCH organization to drive growth and maximize performance.” Mr. Heasley will continue in his current role as the President of APC for the foreseeable future.

For more information, contact:
Stacey Eeman
Marketing & Business Development Manager
stacey.eeman@archgp.com
Phone: 810-618-7711

“We are pleased to announce the acquisition of Jade Precision Medical Components, and we welcome all of the JPMC colleagues and customers to the ARCH family of companies” commented Paul Barck, Divisional President of ARCH Medical Solutions. “Strategically, JPMC will significantly expand AMS’ implant manufacturing capabilities within the Spine, Trauma and Extremities markets. JPMC’s broad expertise and reputation as a supplier of choice for many of the largest and fastest growing Orthopaedic OEM’s aligns perfectly with our approach to the market and serving its customers. We look forward to continuing to provide the highest levels of customer support that has been the hallmark of JPMC’s growth, while offering expanded capacity and capabilities through our other AMS businesses."

ARCH’s Precision Components Divisional President, Andy Spiering, commented, “We are excited about the acquisition of JEC as it brings added scale and expanded capabilities, specifically as it relates to hard metal machining and clean room assembly technology. Furthermore, JEC’s focus on complex semiconductor and aerospace applications, strong quality management system and broad range of manufacturing capabilities compliments our expanding Precision Components division.”

Brian Manley, the former majority owner and Chairman of Jade Precision Medical Components and Jade Equipment Corporation, commented, “I am pleased to announce the sale of JMPC and JEC to ARCH. In choosing an acquirer to sell to, it was extremely important to find a buyer who had a strong understanding of our businesses and placed a high degree of emphasis on maintaining our company culture. Given ARCH’s acquisition track record and growing reputation as a leading manufacturer of medical devices and precision-machined components, I quickly identified ARCH as the ideal buyer.” John Delp, the former minority owner and President of Jade Equipment Corporation, commented, “ARCH has acquired two great companies and is committed to the continued growth of JPMC and JEC. The entire Jade team could not be more excited about the sale to ARCH and the opportunities that lie ahead.” Mr. Delp will continue in his current role as the President of JEC during a transition period.

For more information, contact:
Stacey Eeman
Marketing & Business Development Manager
stacey.eeman@archgp.com
Phone: 810-618-7711

Ms. Lorant has been with the organization for almost five years and has held the roles of Employee Relations Manager and Director of Human Resources prior to her promotion to Vice President. She is an experienced Human Resources professional with a history of success in the mechanical engineering industry. She is skilled in talent management, employee relations, strategic planning, succession planning, multi-site and -state HR leadership, due diligence relating to M&A activity, and on-boarding and the integration of employees from new companies.

Prior to joining ARCH, Ms. Lorant spent more than 15 years as an HR Manager in the retail consumer goods industry, with corporate, retail store and buying operations HR responsibilities.

“Lori has done an outstanding job of providing leadership since joining ARCH several years ago,” said Eli Crotzer, ARCH President and CEO, when making the announcement. “She always does a nice job of finding the right balance in handling challenging situations and she is highly effective in working closely with the leadership teams across the country to ensure we are supporting and promoting our most valued asset – our human capital.  I am pleased to announce Lori’s promotion to Vice President Human Resources, and I ask that all of you take time out to thank her for her countless contributions to our company and congratulate her on this well-deserved promotion.”

“I’m excited to expand my responsibilities and to further develop the ARCH employee-centric focus to HR,” said Ms. Lorant. “It is my desire to make ARCH a great place to work for all, so we can support our associates and ensure we provide our customers with the best American-made products, services and support.”

Ms. Lorant earned her Bachelor of Science (B.S.) focused in Business, Management, Marketing, and Related Support Services from Central Michigan University, and she holds SHRM – SCP certification through the Society for Human Resource Management.

About ARCH
ARCH, a Jordan Company platform company, headquartered in metro Detroit is an American company that manufactures high-quality cutting tools, medical instruments and implants, and precision-machined components for a range of critical applications. ARCH is strategically located across the country with 18 production facilities serving the medical, aerospace, defense, and progressive industrial markets. The teams at ARCH are metalworking professionals with tight-tolerance manufacturing expertise. ARCH provides innovative and practical solutions to the complex manufacturing challenges of their customers.

For more information, contact:
Stacey Eeman
Marketing & Business Development Manager
stacey.eeman@archgp.com
Phone: 810-618-7711

“We are excited to announce the acquisition of Siem Tool, as this acquisition further expands ARCH’s custom cutting tool product offering and deepens our bench of in-house technical application engineers who have a long history of successfully working with end users to develop custom tooling solutions. In addition, Siem adds ARCH’s first captive coating center that can be leveraged across the organization, plus Siem’s in-house coating infrastructure can accommodate further expansion in this area,” commented Jeff Cederstrom, ARCH Global Precision Divisional President of Cutting Tools. “The acquisition of Siem Tool supports our ongoing strategy of creating a market leading custom tooling provider through the “ARCH Specials” brand and product offering. Furthermore, Siem brings proprietary carbide edge-prep technical application knowledge for further development of ARCH’s high-performance tooling,” added Mr. Cederstrom.

John Siemering, the former owner of Siem Tool, commented, “I am pleased to announce the sale of Siem Tool to ARCH Global Precision. After careful consideration of several potential acquirers of Siem Tool, the decision to sell the business to ARCH became apparently clear based on the strong cultural alignment between our organizations, ARCH’s commitment to support further growth and long history of successfully executing transactions. I am exceedingly confident that Siem will continue to grow and prosper under ARCH’s leadership.”

For more information, contact:
Stacey Eeman
Marketing & Business Development Manager
stacey.eeman@archgp.com
Phone: 810-618-7711

“We are thrilled by this excellent outcome. 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”, commented Mark McCammon, Managing Partner at Strength Capital Partners.

“We are grateful to the management team at ARCH who have led a significant transformation in ARCH’s business since our investment, and we wish them well under new ownership”, added Scott Bell, Partner at Main Post Partners.

“We are delighted to be partnering with the ARCH management team to support its next phase of growth. ARCH is an industry-leading platform with a best-in-class management team. We will continue to invest heavily in the business to support organic growth and strategic acquisitions”, commented Mike Denvir, Partner at The Jordan Company.

Lincoln International acted as the exclusive financial advisor to ARCH and Jaffe, Raitt Heuer & Weiss acted as the exclusive legal advisor to ARCH for this transaction.

“We are very pleased to announce the acquisition of CCI, as this acquisition further broadens ARCH’s cutting tool product offering. Specifically, the transaction expands our offering of custom indexable tooling, coolant through carbide drills, and adds significant experience in PCD tooling capabilities. In addition, CCI brings an experienced and highly technical engineering team that provides quick turnaround custom tooling solutions,” commented Jeff Cederstrom, ARCH Global Precision Divisional President of Cutting Tools. “Adding CCI’s PCD tooling capabilities fills a product gap within our broad product offering, and supports our ongoing strategy of providing a one-stop solution to our customers for all of their cutting tool needs. Separately, in late 2018 CCI took occupancy of a new state-of-art custom facility adjacent to its primary facility. The new facility, along with recent significant capital investments, adds incremental capacity to support the growing needs of our customers and will help facilitate CCI’s next stage of growth,” concluded Mr. Cederstrom.

Tom Cirino, the former owner and continuing President of CCI, commented, “I am excited to announce the sale of Competitive Carbide to ARCH. In choosing an acquirer to sell the company to, it was important to identify a buyer who understood our business, had good cultural alignment and who was committed to the continued growth of CCI. Having stayed in contact with Jeff and the ARCH team over the last several years, I was confident ARCH was the ideal buyer for CCI and its employees.” Mr. Cirino will continue in his current role as President of CCI during the next stage of growth under ARCH’s ownership.

“We are excited to announce the acquisition of ATS, as this acquisition further expands ARCH’s cutting tool product offering. Additionally, ATS brings an experienced and highly technical commercial sales team that places a high degree of emphasis on engineering solutions and design,” commented Jeff Cederstrom, ARCH Global Precision Divisional President of Cutting Tools. “Adding ATS’ Eliminator series of high-performance end mills and design capabilities for custom tooling applications will drive incremental growth for ARCH Cutting Tools. Furthermore, OrthoGrind’s medical instrument grinding services will be leveraged by ARCH’s medical division, ARCH Medical Solutions (“AMS”), to expand the product offering for the AMS customer base,” concluded Mr. Cederstrom.

Todd Gibson, the former owner and continuing President of ATS, commented, “I am pleased to announce the partnership between ATS and ARCH. It was important to identify a partner with a strong presence in the cutting tool industry, and one who shared a similar strategic vision for the business. Given the reputation and market position of ARCH Cutting Tools, I was confident ARCH would be the ideal partner to take ATS to the next level.” Mr. Gibson will continue in his current role as President of ATS during the next stage of growth under ARCH’s ownership.