Hi-Tech Mfg., May River acquire GCM

Hi-Tech Holdings LLC, a portfolio company of May River Capital LLC, has acquired a majority interest in GCM Medical and OEM Inc. and Global Contract Manufacturing (HK) Ltd., based in Union City, Calif., with a second facility in Dongguan, China.

GCM supplies contract manufacturing services to OEMs in the medical, industrial, transportation, and aerospace sectors. Based in Schiller Park, Ill., Hi-Tech is a manufacturer of low- to medium-volume, mission-critical precision machined components and assemblies, serving the energy, medical, scientific laboratory, and industrial end markets.