MERGERS AND ACQUISITIONS
Yukon Partners, Minneapolis, said it had supported Hi-Tech Holdings LLC in its add-on acquisition of GCM Medical and OEM Inc. and Global Contract Manufacturing (Hong Kong) Ltd. (collectively known as "GCM"). Hi-Tech is a portfolio company of Yukon that is led by May River Capital, a Chicago private equity investment firm. The investor group included May River, the Pohlad family and Yukon in partnership with the senior management teams of Hi-Tech and GCM. Based in Union City, Calif., GCM is a supplier of contract manufacturing services to original equipment manufacturers in the medical, industrial, transportation and aerospace sectors. Hi-Tech, headquartered in Schiller Park, Ill., is a manufacturer of low- to medium-volume precision machined components and assemblies for the energy, medical, scientific laboratory and diversified industrial markets.
