Excelus will serve as the holding company for the current precision machining acquisitions of Sky Peak, Jarvis and Hicks, and will focus on the Aerospace & Defense, Medical, High Tech and Commercial sectors.
Excelus will be ISO 9001:2015 and ITAR registered and will continue to serve as Sky Peak’s precision manufacturing acquisition vehicle. Future growth opportunities will target additional machining capabilities as well as sheet metal, fabrication and additive manufacturing.
Founded over 70 years ago, Hicks Machine is an ISO 9001 certified provider of tight tolerance precision machining services. Under the leadership of Randy Hicks and General Manager Chuck Lipps, Hicks has become known for its ability to handle critical components with the highest quality for some of the most demanding industries.
“We are thrilled to partner with Sky Peak and launch the new Excelus platform,” said Chuck Lipps, Hicks’ Managing Director. “We look forward to creating a one-stop, turnkey solution provider focused on advanced technologies in engineering, machining, manufacturing and beyond at a critical time in the manufacturing lifecycle at United States.”
“Randy and Chuck have truly dedicated their careers to creating a differentiated manufacturing partner for their customers and I’m extremely excited to build on that,” said Mike Burke, Managing Partner at Sky Peak. . “We look forward to continuing the Hicks family’s legacy of excellence by deepening and expanding our service offerings to our new and existing customers.”
Burke continued, “We believe the Northeast, with its deep industrial background, home to some of the best universities in the world, is poised to lead the charge in the renaissance of American manufacturing excellence. We are excited about the many investment opportunities we see in best-in-class and peer-leading companies and, through Excelus, we will seek to partner with leading companies and institutions to stimulate innovation and growth in the technologies of tomorrow.
Sky Peak was advised by Baker Hostetler and Gallagher, Flynn & Co.
About Sky Peak Capital
Sky Peak is a New England-based private equity firm focused on founder-led businesses with $2-10 million in revenue across manufacturing, industrial, and B2B service businesses. The company seeks to partner with founders to unlock meaningful value for all stakeholders and seeks scale inefficiencies at the individual company level that can be significantly improved through unified ownership.
About Hicks Machine
Hicks Machine is a second generation ISO 9001 certified precision machine shop located in Walpole, NH. The company has been in business for over 70 years supplying a wide range of parts to a wide variety of customers including those in the aerospace and defense, medical, microwave and commercial industries.