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BOSTON, Sept. 22, 2025 /PRNewswire/ -- DelCam Capital, a Massachusetts-based private equity firm focused on acquiring and scaling high-performing American manufacturing companies, today announced the acquisition of Gaston Electronics, a premier UL 508A Industrial Control Panel shop and vertically integrated electronics manufacturer based in Mount Holly, North Carolina.

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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 will be integrated into Space Age Electronics, DelCam's fire and life safety platform, creating a powerful foundation for further growth.

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"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. "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."

 

Founded in 1993 and led by CEO Scott Davis, Gaston Electronics has developed a strong reputation for quality and precision across HVAC, medical device, government and industrial sectors. Its customers 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," said Davis. "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," said Grady. "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 around long-term value creation through aligned ownership, disciplined operations, and solving real-world industrial bottlenecks. The firm 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 continues to pursue complementary acquisitions across electronics manufacturing, building infrastructure, and engineered components. The firm targets founder- and family-owned businesses that are ready for growth but need a strategic partner to get there.

 

About DelCam Capital
 

DelCam Capital is a private equity firm that specializes in acquiring and scaling family-owned manufacturing businesses across the United States. With deep roots in New England and a long-term approach to partnership, DelCam aims to create enduring value by supporting leadership, fostering innovation, and investing in people.

 

About Space Age Electronics


Founded in 1963, Space Age Electronics 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 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.

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CONTACT US

ADDRESS

DelCam Capital, LLC

50 Mellen Street

Hopedale, MA 01747

Email: STrotta@DelCamHoldings.com

Tel: 617-281-7038

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The information contained herein has been prepared solely for informational purposes and is not an offer to buy or sell or a solicitation of an offer to buy or sell any security or to participate in any trading strategy or potential fund to be sponsored by DelCam. If any offer of securities is made, it will be pursuant to a definitive offering memorandum prepared by DelCam that contains material information not contained herein and which supersedes this information in its entirety. Any decision to invest in the strategy or fund managed by DelCam should be made after reviewing such definitive offering memorandum, conducting such investigations as the investor deems necessary and consulting the investor’s own investment, legal, accounting and tax advisors in order to make an independent determination of the suitability and consequences of an investment. An investment in DelCam’s strategy involves significant risks, including loss of the entire investment.

 

All performance and internal rates of return contained herein are subject to revision by DelCam and are provided solely as a guide to current performance expectations. Past performance does not guarantee future results. Actual results may vary. As of the date hereof, DelCam has not made any investments. There can be no assurance that DelCam’s strategy will achieve any targets or that there will be any return on capital. Historic performance is not necessarily indicative of future performance, which could vary substantially. The performance figures contained herein are provided on a net basis. The performance is calculated in U.S. dollars.

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As used herein with respect to an individual investment, “IRR” is intended to represent the net compounded annual internal rate of return on the realized investment. The IRR is calculated from the time each investment is made until the date such investment was disposed of, fully or partially, and is based on the aggregate capital contributions made to, and on the aggregate realized proceeds (including all cash received from the disposition of the investment and any other cash received from the investment, including payments of principal, interest, dividends, if applicable) from, the respective realized investment.

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The information presented herein, including, but not limited to, DelCam’s investment experience, returns or performance, investment strategies, risk management, market opportunity, representative strategies, portfolio construction, capitalizations, expectations, targets, parameters, guidelines, and positions may involve DelCam’s views, estimates, assumptions, facts and information from other sources that are believed to be accurate and reliable and are as of the date this information is presented—any of which may change without notice. DelCam has no obligation (express or implied) to update any or all of the information contained herein or to advise you of any changes; nor does DelCam make any express or implied warranties or representations as to the completeness or accuracy or accept responsibility for errors. The information presented is for illustrative purposes only and does not constitute an exhaustive explanation of the investment process, investment strategies or risk management.

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Certain information contained in the presentation constitutes forward looking statements which can be identified by the use of forward-looking terminology such as “may,” “will,” “should,” “expect,” “anticipate,” “target,” “project,” “estimate,” “intend,” “continue,” or “believe,” or the negative thereof or other variations thereon or comparable terminology. Due to various risks and uncertainties, actual events or results or the actual performance of DelCam may differ materially from those reflected or contemplated in such forward-looking statements.

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Investments in DelCam’s strategy or fund are not deposits or obligations of, or guaranteed or endorsed by, any bank or other insured depository institution, and are not federally insured by the Federal Deposit Insurance Corporation, the Federal Reserve Board or any other governmental agency.

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No person (other than DelCam and its principals and employees) has been authorized to make any statement concerning DelCam and any such statements, if made, may not be relied upon.

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