Strong Precision Technologies (“SPT”), a Fund IV portfolio company, through its wholly-owned operating unit, Inland Midwest Corporation (“Inland Midwest”), has acquired MedTorque, Inc. (“MedTorque”). The transaction closed in September 2012, marking SPT’s fourth acquisition since its formation in June 2011. MedTorque is a provider of contract manufacturing services
CPI Card Group (“CPI”), a Fund IV portfolio company, has acquired certain assets of iD Data Cards, Ltd. (“ID Data”). ID Data is a leading provider of financial payment cards and EMV chip cards to the Western European market and operates a VISA and MasterCard accredited facility in the
Fund IV announces the formation of Strong Precision Technologies (“SPT”). SPT was established in partnership with experienced industry veterans to build a market leading company in the precision machining industry. SPT has completed its first two investments with the acquisitions of Inland Midwest Corporation (“Inland Midwest”) and Comet Tool, Inc.