Innofiber, a Propel Equity Portfolio Company, Acquires Acrolite
May 2025 – Austin, TX. Genz & Associates is pleased to announce that Innofiber, a portfolio company of Propel Equity, has acquired Acrolite (Accurate Machining). Headquartered in Elbridge, New York, Acrolite is a leading designer and manufacturer of engineered photonic solutions including fiber optic cables, fused borosilicate fiber bundles, micro-fiber optics, and sensor assemblies and sub-assemblies across high cost of failure applications.
Innofiber specializes in partnering with OEMs to design and manufacture fiber optic solutions for complex mission critical cabling and subassembly applications. Since its founding in 1989, Innofiber has grown into one of the world’s leading manufacturers of custom subassemblies, optic light guides, and cables. Propel Equity is a people-oriented investment firm that partners with owners and management teams to create and execute transformational growth strategies. They provide the experience, resources, and patient capital to help lower-middle market companies reach their full potential.
Genz & Associates was retained by Innofiber and Propel Equity to lead the buy-side M&A effort for Innofiber’s acquisition strategy. This transaction originated from Genz & Associates’ proven approach, which combines a proprietary research platform, a disciplined M&A process, and the expertise of its dedicated team.
About Genz & Associates:
For almost fifteen years, Genz & Associates has been a trusted buy-side M&A advisor and partner to leading private equity firms, family offices, and corporate acquirers in executing thesis-driven investment strategies for initial platform investments, strategic add-on acquisitions, and buy-and-builds. We leverage our relationship-driven approach, proven process and proprietary technology to help investors build great companies while providing business owners and executives with a path to realize the value they’ve created through years or decades of hard work. For more information, visit https://genzassociates.com/
