The acquisition is reported to strengthen Delcam’s capabilities in custom control panel design and fabrication.
BOSTON—DelCam Capital reported that it acquired Gaston Electronics, a UL 508A industrial control panel shop and vertically integrated electronics manufacturer based in Mount Holly, North Carolina.
DelCam Capital is a Massachusetts-based private equity firm that focuses on acquiring and scaling high-performing American manufacturing companies. According to a release from the company, the transaction “materially expands DelCam’s capabilities in UL 508A panel design and manufacturing, electronics manufacturing, prefabrication, full box assembly and modular fire and building systems.”
Gaston Electronics will be integrated into Space Age Electronics, DelCam’s fire and life safety platform, creating what DelCam called “a powerful foundation for further growth.”
“America is facing a skilled labor shortage in the trades, and we view that as an opportunity,” said Steve Trotta, managing partner at DelCam Capital, in the release. “By combining Gaston’s expertise in high-reliability electronics in the HVAC arena, with Space Age’s leadership in engineered fire detection systems, we’re building a platform that simplifies installation, reduces job site complexity, and enables prefabrication at scale. That’s a meaningful solution to the labor constraints holding back the construction and infrastructure sectors while at the same time expanding our geographic footprint.”
Gaston Electronics, founded in 1993 and led by CEO Scott Davis, has developed what DelCam called “a strong reputation for quality and precision across HVAC, medical device, government and industrial sectors.” Its customers are said to rely on its ability to handle high-complexity electronics assemblies with rigorous quality control.
“We’re incredibly proud of the business we’ve built and the trust our customers place in us,” Davis added. “In DelCam, we’ve found a partner that shares our values, believes in investing in people, and brings the right balance of strategic oversight and operational support to help the company through its next phase of growth.”
As part of the integration, Gaston will become part of the Space Age Electronics platform. Matt Grady, CEO of Space Age, will oversee the combined operations.
“Scott and his team have built something special,” Grady said in the release. “By integrating our engineering and procurement functions and expanding our go-to-market reach, we’re positioned to deliver smarter, more modular solutions that respond directly to our customers’ biggest challenges, including the shortage of skilled labor and the ongoing convergence of systems within a building.”
DelCam’s platform strategy is centered on long-term value creation through aligned ownership, disciplined operations, and solving real-world industrial bottlenecks. The firm said it is scaling companies that provide essential manufacturing and assembly solutions to the building controls, fire safety, and HVAC markets—sectors that are increasingly turning to prefabrication and value-added services to offset on-site labor shortages.
“We’re not financial engineers,” added Trotta. “We’re builders, focused on American jobs, employee ownership, and delivering long-term outcomes for all stakeholders.”
DelCam said it is continuing to pursue complementary acquisitions across electronics manufacturing, building infrastructure, and engineered components. The company is targeting “founder- and family-owned businesses that are ready for growth but need a strategic partner to get there.”
Space Age Electronics, founded in 1963, is a Massachusetts-based manufacturer known for quality, reliability, and value-added services across the fire and life safety industry. The company serves OEMs, systems integrators, and distributors with “proprietary products, prefabricated assemblies, and technology-enabled solutions” that are reported to simplify installation and improve system performance.
With the addition of Gaston Electronics, Space Age is expanding into UL 508A industrial control panels and HVAC/controls manufacturing, positioning the platform at the intersection of fire safety and building automation, according to DelCam Capital.