SEATTLE, Wash. – March 4, 2026 – Apollo Optical Systems (“Apollo”), a portfolio company of Pike Street Capital (“Pike Street”), has completed the acquisition of Turning Point Tool (“Turning Point”), a Rochester, NY-based tooling and machining company. The transaction brings mold design, fabrication, and precision optical production together under one integrated platform, enabling customers to work with a single partner from design to manufacturing. Pike Street Capital provided additional investment to support the transaction.
Founded in 2006, Turning Point has earned a strong reputation for high-precision plastic injection molds and CNC-machined components, serving many of the same end markets as Apollo, including optics, medical devices, aerospace, and consumer products. With the addition of Turning Point’s mold-making and CNC machining capabilities, Apollo is now a fully vertically integrated optical manufacturing platform, offering customers shorter lead times and tighter process control throughout the development cycle.
“Bringing Turning Point into the Apollo platform is a powerful step forward,” said Don Ehinger, CEO of Apollo Optical Systems. “We’ve worked closely with their team for years, and they share our commitment to precision, quality, and responsiveness. Now, with in-house tooling, we can quote faster, deliver projects sooner, and help customers get to market more efficiently than ever.”
This investment reflects Pike Street Capital’s approach to its portfolio, helping its businesses expand core capabilities and accelerate growth through accretive acquisitions. As part of the integration, Apollo and TPT will align their sales processes and pursue cross-selling opportunities across their shared customer base, strengthening relationships and broadening their combined value proposition.
“This investment reflects our strategy of building differentiated platforms through disciplined add-on acquisitions,” said Paul Caragher, Partner at Pike Street Capital. “Apollo has established a strong foundation, and the addition of Turning Point expands the value they deliver to customers. We’re excited to support the team as they execute on the next phase of growth."
Pike Street Capital invests in middle-market companies with strong technical expertise, established market positions, and experienced management teams. The firm focuses on sectors serving professional and technical customers, including industrial technology, specialty manufacturing, distribution & logistics, and business services.
About Apollo Optical Systems
Apollo Optical Systems is a Rochester-based precision optics engineering and manufacturing company, specializing in the design and production of advanced polymer optics. Apollo serves a broad customer base across medical devices, automotive, aerospace, and consumer electronics. More information is available at www.apollooptical.com.
About Turning Point Tool
Rochester, NY-based Turning Point Tool is a full-service machine shop specializing in the design and production of plastic injection molds, CNC-machined parts, and low-volume prototypes. Founded in 2006, the business provides high-precision tooling for the optics, medical, and industrial markets.