News

Hi-Tech Manufacturing Expands its Capacity with a Kitamura HX630i
Horizontal Machining Center

Schiller Park, IL (October 23, 2012) . . . Hi-Tech Manufacturing, LLC has expanded the capacity of its extensive line of precision machining equipment by adding a new Kitamura HX630i Horizontal Machining Center. The HX630i features multi-axis precision machining with high-speed spindle and quick tool change. “This added high-speed capacity will increase our ability to quickly turn around complex machined components for our customers,” states Hi-Tech Vice President/General Manager Simon Sorsher.

About Hi-Tech Manufacturing - Hi-Tech Manufacturing is a WORLD CLASS ISO 9001:2008 and ISO 13485:2003 Certified precision machining company conveniently located in Schiller Park, Illinois (less than one mile from O’Hare International Airport). Hi-Tech Manufacturing has been in business for over twenty five years and is currently operating in a 47,000 square foot facility.

Our unparalleled experience and expertise coupled with our state-of-the-art machining centers and ongoing commitment to investment in the latest technology enable us to hold extremely close tolerances. Hi-Tech Manufacturing’s climate controlled quality inspection department and highly trained staff ensures the accuracy of each component manufactured.

Hi-Tech Manufacturing’s broad array of capabilities and services along with a commitment to operational excellence and 100% customer satisfaction positions us to add superior value while acting as a true manufacturing extension to each of our customers.

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MAY RIVER CAPITAL LEADS ACQUISITION OF HI-TECH MANUFACTURING

Chicago, Illinois, July 19, 2012 – May River Capital, LLC (“May River”), a Chicago-based private equity investment firm, announced the acquisition of Hi-Tech Manufacturing, LLC (“Hi-Tech” or the “Company”), in partnership with management, the Pohlad family (“Pohlad”), Yukon Capital Partners, L.P. (“Yukon”), and other co-investors. The transaction strengthens the foundation for Hi-Tech to continue growth in existing end-markets and to pursue selective acquisition opportunities.

Cleary Gull Inc. served as financial advisor to Hi-Tech and the selling shareholders in this transaction. Fifth Third Bank provided senior debt financing, while Yukon provided subordinated debt financing beyond its equity co-investment. Paul Hastings LLP served as legal counsel to May River and its investor group, while Foley & Lardner LLP served as counsel to the Company and the majority shareholders. 
Tim Weaver, CEO of Hi-Tech said “We are excited to partner with May River, the Pohlad family and Yukon. Our new partners provide significant capital backing, strategic support and experience in the manufacturing sector, as well as within our core end-markets, that will help our company continue to grow and deliver world class quality, service and value to our customers.”

Dan Barlow, Partner of May River, said “Hi-Tech’s talented management team, strong customer relationships, demonstrated track record of growth, and commitment to operational excellence were central to our interest in the Company. Tim and his team relish competition and excel in it.” Chip Grace, also Partner of May River, added “May River is thrilled to be selected to partner with Hi-Tech’s management team in the acquisition. We share a common vision with management for the future of the Company and look forward to assisting Tim and the team in realizing Hi-Tech’s full potential in the years to come.”

Bill Dietz, Partner of Yukon, added “Hi-Tech is a leading and well-respected organization within the precision manufacturing industry. The Company’s management team has done an excellent job in managing and growing the business, and also establishing a blue-chip customer base. Yukon is excited to partner with management, May River and the Pohlad family, and we know that each will contribute to the Company’s future success.” Aaron Arnett, of the Pohlad family, said “The Pohlad family is delighted to partner with an exceptionally talented management team and an impressive, value-added sponsor and co-investor group.” Ron Miller, Managing Director of Cleary Gull Inc., said “This is an exciting transaction. With the support of May River, Yukon and the Pohlad family, Hi-Tech will have the resources to accelerate its growth.”

About Hi-Tech Manufacturing, LLC

Hi-Tech is a world class manufacturer of low-to-medium volume, mission-critical precision machined components and assemblies. Based near Chicago’s O’Hare airport, the Company serves large, market leading customers in the energy, medical equipment, scientific laboratory and industrial end markets. The Company is regarded as the preferred contract manufacturer for its customers’ most critical, tight tolerance and difficult-to-manufacture components. For more information on Hi-Tech, please visit www.hi-tech-mfg.com.

About May River Capital, LLC

May River is an independent private equity investment firm that seeks to invest its own capital, as well as partner with like-minded equity co-investors, in high quality businesses with excellent management teams and the potential for significant growth and value enhancement. May River was founded in January 2012 by three partners with over 40 years of principal investing experience. May River raises equity capital on a deal-by-deal basis from family offices, mezzanine funds, co-invest funds, industry executives, high net worth individuals, and other private equity firms. For more information on May River, please visitwww.mayrivercapital.com.

About the Pohlad family

The Pohlad family has a history of successfully investing with great management teams to create outstanding companies and long term value. Since the 1950’s, Carl R. Pohlad and his family have invested in and built a diverse set of businesses encompassing banking, financial services, entertainment, commercial real estate, retail, automotive, energy, and technology industries, as well as ownership of Major League Baseball’s Minnesota Twins. Managed today by the second generation of the Pohlad family, their business interests continue to grow and diversify, while their companies remain united through common ownership, shared values, and commitment to customers and employees. For more information on the Pohlad family, please visit www.pohladcompanies.com.

About Yukon Capital Partners, L.P.

Yukon Partners is a mezzanine finance firm dedicated to serving middle market private equity sponsored business transactions with a typical investment range of $10 to $40 million in the U.S. and Canada. The transactions in which Yukon invests include buyouts, growth and platform strategies, recapitalizations, mergers/acquisitions, public-to-private buyouts, and refinancings. For more information on Yukon Partners, please visit www.yukonpartners.com.

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Hi-Tech Purchases Second Yama Seiki BM-1600 Precision CNC Vertical Machining Center

Schiller Park, IL (April 5, 2012) . . . Hi-Tech Manufacturing, LLC is excited to announce the purchase of its second Yama Seiki BM-1600 precision machining center, which complements the company's already extensive array of machining centers and state-of-the-art technology. "The addition of Hi-Tech's second Yama Seiki BM-1600 in the past year further expands the company's capacity and depth of machining technology, and punctuates our ongoing dedication to our customers' quality requirements and growing product demand," states Hi-Tech CEO Tim Weaver.

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Hi-Tech Purchases Yama Seiki BM-1600 Precision CNC Vertical Machining Center

Schiller Park, IL (May 19, 2011) . . . Hi-Tech Manufacturing, LLC proudly announces the purchase of a Yama Seiki BM-1600 Precision Machining Center. The Yama Seiki BM series combines incredible power, speed and technology that provides additional capabilities and capacity to Hi-Tech's already impressive inventory of over 100 machining centers.  "With the addition of the Yama Seiki Vertical Machining Center and its impressive capabilities, Hi-Tech continues to demonstrate its commitment to meeting customers' quality and delivery requirements," states Hi-Tech CEO, Tim Weaver. 

 

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Hi-Tech Purchases Three Feeler FTC-200L Precision CNC Turning Centers

Schiller Park, IL (May 18, 2011) . . . Hi-Tech Manufacturing, LLC proudly announces the purchase of three Feeler FTC-200L precision CNC Turning Centers. These precision Feeler CNC lathes have a world-class reputation for excellent performance and reliability, and complement Hi-Tech’s already extensive array of equipment technology. "This expanded capacity and machining capability enables Hi-Tech to add significant value for our customers as a world class machining and assembly solutions provider," states Hi-Tech Sales Executive, Todd Arcari. 

 

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Hi-Tech Manufacturing, LLC Receives 2011 Best of Schiller Park Award

U.S. Commerce Association’s Award Plaque Honors the Achievement

NEW YORK, NY, (May 11, 2011) . . . Hi-Tech Manufacturing, LLC has been selected for the 2011 Best of Schiller Park Award in the Machine Shops category by the U.S. Commerce Association (USCA).

The USCA "Best of Local Business" Award Program recognizes outstanding local businesses throughout the country. Each year, the USCA identifies companies that they believe have achieved exceptional marketing success in their local community and business category. These are local companies that enhance the positive image of small business through service to their customers and community.

This is the first year that a business has qualified as a Four-Time Award Winner Various sources of information were gathered and analyzed to choose the winners in each category. The 2011 USCA Award Program focuses on quality, not quantity. Winners are determined based on the information gathered both internally by the USCA and data provided by third parties.

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Hi-Tech Acquires Johnford DMC-5100H Long Travel Machine

Johnford DMC-5100H

Schiller Park, IL (March 30, 2011) . . . Hi-Tech Manufacturing, LLC is excited to announce it has received delivery of its Johnford DMC-5100H Long Travel Machine and will begin production orders in May. This state of the art milling center will allow Hi-Tech to better serve current and future customer's needs by providing the ability to competitively machine very large components with one setup. "This critical capability reduces the amount of setup time and dramatically improves the tolerances of very large components, ultimately improving quality and saving money for the customer" states Hi-Tech's CEO Tim Weaver.

 

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Hi-Tech Manufacturing awarded Argonne/SLAC 
Vendor Appreciation Award

Schiller Park, IL (September 3, 2010)

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Hi-Tech Manufacturing Earns ISO 13485:2003 Certification

Schiller Park, IL (September 2009) . . . Hi-Tech Manufacturing, LLC, a manufacturer of machined components and assemblies for the medical, energy, scientific laboratory, and industrial industries, has achieved ISO 13485:2003 certification. This certification confirms Hi-Tech’s ability to meet the quality system requirements for the manufacturing of medical devices.

“We are proud to have achieved this level of certification” said Tim Weaver, Hi-Tech Manufacturing’s CEO, in announcing the certification. “It represents formal recognition of our strong commitment to consistently delivering high quality results for our customers in the medical community.”

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Hi-Tech Manufacturing featured in Cold Facts Magazine

View the Magazine (PDF)

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Announcing Our New Arrivals

View our Mailer (PDF)

INCREASING our CAPACITY and CAPABILITIES to meet your needs.

Schiller Park, IL (October, 2008) – Hi-Tech Manufacturing is taking delivery of six new state-of-the-art Vertical Machining Centers to complement its already extensive array of equipment technology. This expanded capacity and machining capability coupled with in-house engineering expertise enables Hi-Tech to add significant value as your machining and assembly solutions provider.

Our new super-speed vertical machining centers offer:

• Spindle speeds of 12,000 rpm
• Inline direct-drive spindles
• Ultra speed rapids
• Reduced cycle time

About Hi-Tech Manufacturing

Hi-Tech Manufacturing is a world class ISO certified precision machining company conveniently located in Schiller Park, Illinois (less than one mile from O’Hare International Airport).  Hi-Tech Manufacturing has been in business since 1984 and is currently operating in a 47,000 square foot facility.

Hi-Tech Manufacturing's unparalleled experience and expertise coupled with our state-of-the-art machining centers and ongoing commitment to investment in the latest technology enable us to hold tolerances to ± .0005”.  Hi-Tech Manufacturing’s climate controlled quality inspection department and highly trained staff ensures the accuracy of each component and assembly manufactured.

Hi-Tech Manufacturing’s broad array of capabilities and services along with a commitment to operational excellence and 100% customer satisfaction positions us to add superior value while acting as a true manufacturing extension to each of our customers.