Ancor Capital Partners’ Portfolio Company, PMA Industries, Acquires United Western Enterprises Inc.

Commercial etching business to bolster PMA Industries’ capabilities

SOUTHLAKE, Texas – (Nov. 14, 2023) – Ancor Capital Partners’ portfolio company PMA Industries (PMA) recently acquired United Western Enterprises, Inc. (United Western), a company focused on contract manufacturing using photochemical etching technology. Based in Camarillo, California, United Western is a producer of thin photochemically etched metal parts, with the company offering several value-added services including forming, laser welding, heat treating and metal finishing. Additionally, United Western manufactures wire harnesses and cable assemblies.

The combination of United Western and PMA results in one of North America’s largest photochemical etching contract manufacturers and positions the firm to continue its growth in serving the aerospace, defense, electronics, medical and consumer products industries. The acquisition also provides access to value-add services for the benefit of PMA’s existing customers. 

“Today marks an important milestone for our company with PMA’s successful acquisition of United Western,” said Jim Everson, President & CEO of PMA. “Our focus now turns to joining and building on United Western’s experience and capabilities with those of PMA to continue producing quality products focused on value and timeliness for all of our customers.”

“Adding United Western to its portfolio will greatly bolster PMA’s chemical-etching capabilities, further enhancing PMA’s presence in the aerospace, defense, electronics and medical parts industries,” said Ray Kingsbury, Chairman of PMA Industries. “PMA continues to have a strong presence in the photochemical etching manufacturing space under Jim Everson’s leadership, and this acquisition is one more example of how the company continues to be a leader in the market for precision metal parts.”

Terms of the transaction were not disclosed. 

About Ancor Capital Partners

Ancor Capital Partners, founded in 1994, is a Dallas-based private investment firm that invests in lower-middle-market companies. Ancor is focused on helping companies reach their next level of growth. Ancor’s experienced investment team has the acumen, expertise, and resources to invest wisely in existing successful companies through private equity buyouts. As a seasoned operating partner, Ancor works to optimize businesses, maximize growth opportunities and instill a lasting culture. With a proven track record of 59 successful acquisitions to date, Ancor targets investments in healthcare, industrial, consumer staples and emerging industries. For more information, please visit

About PMA Industries

PMA Industries is a leading photochemical machining contract manufacturer for a variety of markets, including aerospace, medical, electronics and consumer products.  PMA was founded in Phoenix, Arizona, in 1982.

About United Western Enterprises

United Western Enterprises is a supplier of thin photochemically etched metal parts to a variety of different markets, including aerospace, medical and commercial electronics. United Western Enterprises was founded in Santa Monica, California, in 1969 as a support facility for a publishing company. Shortly thereafter, United Western Enterprises began producing parts for other companies as a custom job shop.


Media Contact:

Allison Klingsick, for Ancor Capital

(903) 316-4070


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