Sky Peak Capital (“Sky Peak”) today announced the formation of Excelus Holdings (“Excelus”), a scaled precision manufacturing platform created through the combination of Excelus Manufacturing Solutions, D&G Machine Products, and Millennium Precision.
With more than 200,000 square feet of combined manufacturing space and over 200 employees, Excelus serves mission-critical aerospace, defense, medical device, power generation, and high-reliability industrial customers. The platform provides precision machining, fabrication, welding, Swiss machining, complex assemblies, and systems integration capabilities for highly engineered applications.
Excelus supports critical applications across several of the nation’s highest-priority aerospace and defense programs, including missile defense, radar, naval, aircraft, and other long-cycle platforms where quality, reliability, and supply chain continuity are essential. The platform’s scale and breadth of capabilities position Excelus as a strategic domestic manufacturing partner for customers seeking broader capabilities, deeper capacity, and long-term program support.
“Excelus represents exactly what Sky Peak was built to do,” said Mike Burke, Founder and Managing Partner of Sky Peak. “We partner with exceptional family- and founder-owned industrial businesses, preserve what made them successful, and provide the capital, systems, and operating support required to help them grow for the long term. Our job is to protect that legacy, invest behind it, and build a stronger platform around it.”
Charles Tarling, former CEO of D&G Machine Products and go-forward CEO of Excelus, said, “We chose Sky Peak because they understood what made these businesses special: our people, our customer relationships, our technical capabilities, and our commitment to doing the job right. Sky Peak brings a long-term plan to build on the foundation we have created and become an even stronger partner to our customers.”
Excelus will continue operating from its existing facilities and remain focused on supporting customers, employees, and local communities. Sky Peak plans to invest in additional manufacturing capacity, advanced technologies, automation, quality systems, engineering resources, operational infrastructure, and workforce development initiatives.
“The need for reliable domestic manufacturing capacity is accelerating across the critical end markets we serve,” Burke added. “Customers are looking for suppliers with broader capabilities, deeper capacity, and the ability to support complex programs over many years. We are building Excelus to be that kind of partner. That means investing not only in equipment, technology, and systems, but also in people. Our goal is to make Excelus the employer of choice for the next generation of engineers, machinists, welders, technicians, and manufacturing leaders who will help strengthen America’s industrial base.”
The formation of Excelus reflects Sky Peak’s broader strategy of building mission-critical industrial platforms in the lower middle market in partnership with founders, families, management teams, and long-term capital partners. Excelus intends to pursue growth through organic expansion, operational improvement, and selective acquisitions that add complementary capabilities, capacity, technical expertise, and customer relationships.
Jackson Walker LLP served as legal counsel and Aviara Partners served as financing advisor to Sky Peak.
About Excelus
Excelus is a scaled independent precision manufacturing platform serving aerospace, defense, medical device, power generation, and high-reliability industrial customers. With more than 200,000 square feet of manufacturing space and over 200 employees, the company provides precision machining, fabrication, welding, Swiss machining, complex assemblies, and systems integration services for applications where quality, reliability, responsiveness, and long-term program support are essential.
About Sky Peak
Sky Peak is a private investment firm focused on acquiring and building mission-critical industrial platforms in the lower middle market. Sky Peak partners with family- and founder-owned businesses with durable customer relationships, differentiated capabilities, strong cultures, and opportunities for long-term growth.
Excelus represents Sky Peak’s second platform investment, following its acquisition of TriStar Plastics, a provider of engineered plastic components and high-performance material solutions. Across its platforms, Sky Peak seeks to build enduring industrial businesses by investing in people, systems, technology, and strategic growth while preserving the customer-first values that made each company successful.
Sky Peak’s team includes experienced investors, operators, executives, advisors, and operating partners with deep experience across industrial manufacturing, aerospace and defense, engineered materials, and mission-critical supply chains.
For more information, visit www.skypeakcap.com.
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