Private equity firm buying small manufacturers
DelCam Capital
- HeadquartersHopedale, MA S1
- Founded2019 S4
- Websitedelcamcapital.com
- Last verifiedOctober 28, 2026
At a glance
| EBITDA range | $0.5M to $5M S1 |
|---|---|
| Deal types | Platform, Add-on S6 |
| Geography | United States S6 |
| Sectors | Industrial & Manufacturing |
What DelCam Capital buys
DelCam Capital is a private equity firm in Hopedale, Massachusetts that buys family owned and founder led manufacturers with $500,000 to $5 million of EBITDA. Steve Trotta founded it in 2019 after more than a decade at Fidelity Investments. Its first deals were small New England shops: a plastics machining company in Bow, New Hampshire bought in November 2020, then a sheet metal fabricator and a plastic injection molder in Massachusetts. Each deal is financed with bank debt and money from its limited partners, who include wealthy individuals, professional athletes and family offices. Its second fund, DelCam Fund II, started in 2023.
The main platform today is Space Age Electronics, a Sterling, Massachusetts maker of fire alarm and life safety products bought in April 2024. Since then DelCam has folded in Gaston Electronics, SprinkGuard and Gemcom. After a purchase it invests in software, equipment, automation and a sales team, and employees share in the gains. A small maker of fire and life safety products, electronics or engineered parts is the clearest fit, often as an add-on to Space Age.
Recent deals
Announced in the 24 months before October 28, 2026.
| Date | Company | Type | Sector | Source |
|---|---|---|---|---|
| Sep 2026 | Gemcom, Inc.Burr Ridge, Illinois maker of fire suppression switches, annunciators and signage, family owned for nearly four decades, added to Space Age Electronics | Add-on | Industrial & Manufacturing | Source |
| Jun 2026 | SprinkGuardFounder-owned maker of sprinkler head protection products added to Space Age Electronics | Add-on | Industrial & Manufacturing | Source |
| Sep 2025 | Gaston ElectronicsMount Holly, North Carolina industrial control panel and electronics manufacturer merged into Space Age Electronics | Add-on | Industrial & Manufacturing | Source |
Portfolio by sector
From the firm's portfolio page S3.
Industrial & Manufacturing
- Space Age Electronics
- PlasTech Machining & Fabrication
- PlasTech Molding Solutions
- New England Fabricated Metals
- Shortening Shuttle
Greymont’s take
How DelCam Capital fits a seller
DelCam suits the owner of a small, profitable manufacturer, often a family business, who cares about keeping the company and its people in place. Its EBITDA floor is $500,000, so even quite small shops are in range. Sellers have stayed involved for a while: PlasTech's founder stayed on as a consultant for more than two years after the 2020 sale, and Space Age's chief operating officer took the top job after the 2024 deal.
Add-ons such as Gaston, SprinkGuard and Gemcom have been fully merged into Space Age rather than run as separate companies, so an owner who wants to keep a brand or a separate team should ask about that early. Other good questions: how the purchase will be financed, how much debt the company will carry, and how the employee ownership plan works.
Questions owners ask
What size company does DelCam Capital buy?
Its home page says it targets family owned and founder led manufacturing businesses with $500,000 to $5 million of EBITDA. Its acquisitions so far have been small, mostly in New England, plus add-ons in Illinois and North Carolina.
Does DelCam buy fire protection companies?
It buys makers of fire and life safety products, not installers or service contractors. Its Space Age Electronics platform has added Gaston Electronics, SprinkGuard and Gemcom, which make control panels, sprinkler head guards, switches and annunciators.
Do employees get ownership when DelCam buys a company?
Yes. When it bought Space Age Electronics in April 2024, DelCam said all of its employees would become owners, and its strategy page says team members share in the carried interest of its funds.
Sources
- S1DelCam Capital home page Accessed October 28, 2026
- S2DelCam Capital: Strategy & Growth Accessed October 28, 2026
- S3DelCam Capital: Portfolio Accessed October 28, 2026
- S4DelCam Capital: Leadership Team Accessed October 28, 2026
- S5DelCam Capital acquires Space Age Electronics (PR Newswire release, April 25, 2024) Accessed October 28, 2026
- S6DelCam Capital acquires Gaston Electronics (PR Newswire release, September 22, 2025) Accessed October 28, 2026
- S7Space Age Electronics acquires SprinkGuard (PR Newswire release, June 16, 2026) Accessed October 28, 2026
- S8Space Age Electronics acquires Gemcom (PR Newswire release, September 17, 2026) Accessed October 28, 2026
- S9New Owners of Bow Plastics Machine Shop Invests for Growth (New Hampshire Union Leader, December 10, 2022, reposted by DelCam) Accessed October 28, 2026
- S10DelCam portfolio: Space Age Electronics Accessed October 28, 2026
Compiled by Greymont Advisors from public sources, including the firm’s own website and press releases. Greymont is not affiliated with DelCam Capital. Figures are as reported on the dates shown and may have changed. Request a correction