SALEM — Micro-Precision Technologies, Inc., a manufacturer of complex micro-electronics for defense and aerospace, announced Thursday it has acquired Stellar Manufacturing, a provider of printed circuit board assemblies.
The acquisition, which closed in early October, aims to combine MPT’s expertise in hybrid integrated circuits and thick film ceramics with Stellar’s PCBA capabilities. Terms of the transaction were not disclosed.
“This is an important milestone for MPT that expands our technology offerings and positions us for continued growth,” said Martin Stensgaard, CEO of MPT. “By combining Stellar’s long-standing expertise in the PCBA market with MPT’s advanced capabilities, we can provide customers with a wider range of solutions.”
Stellar Manufacturing will continue to operate from its Salem, New Hampshire, headquarters. The company is expected to be fully integrated into MPT’s AS9100D quality system by the first half of 2026, with plans to achieve compliance with International Traffic in Arms Regulations and Cybersecurity Maturity Model Certification standards.
MPT, which partnered with Boston-based private equity firm Great River Capital Partners in mid-2024, cited add-on acquisitions as a key growth strategy. The combined company will serve the defense, aerospace, medical and commercial markets.
“This is an exciting time for Stellar, as we share with MPT a commitment to produce exceptional products with strong customer service,” said David Gecks, former president of Stellar Manufacturing.
Micro-Precision Technologies is a certified manufacturer of hybrid integrated circuits, multichip modules and custom semiconductors. Great River Capital Partners is a private equity firm focused on industrial technology and niche manufacturing companies.