Sky Peak Capital today announced the formation of Excelus Holdings, 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, defence, 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 defence programmes, including missile defence, 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 programme 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 programmes 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 adviser to Sky Peak.