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Artemis Announces Sale of AdCole

Marlborough, MA September 12, 2022 - Adcole, LLC, an Artemis portfolio company and pioneering world-leader in manufacture of high-precision, tight tolerance metrology devices, has been acquired in a sales to management and strategic partner. 

For over 6 decades, Adcole has been recognized for the quality, precision, and reliability of its automated gaging systems, advanced software solutions, and complementary gage accessories. Serving Automotive, Aerospace, Defense, Industrials, and Robotics customers, Adcole’s exceptional metrology systems are known for their differentiated versatility, durability, and accuracy in mission critical applications that demand tight tolerances and narrow confidence intervals.

Just two years ago, Artemis realized a portion of the Adcole business in the sale of Adcole Maryland Aerospace (“AMA”), a leading manufacturer of high-reliability optical sensing and star tracking satellite components, to AE Industrial, as part of their Redwire Space platform.

Peter A. Hunter, Managing Director of Artemis said, “We are very pleased with what we have accomplished with Jeff Walker and the Adcole Metrology team during our ownership. Adcole is well positioned to continue to innovate and meet the needs of its existing and future customers. There is an exciting future ahead of them. Overall, the partnership of Adcole Maryland Aerospace, Adcole Metrology, and Artemis was a success for all stakeholders.”

Jeff Walker, CEO of Adcole said, “The entire Adcole team is eager to make its mark on this new and exciting chapter of our company. Together with our strategic partner, we will be focusing development on current and yet-to-be released products that will grow alongside our customers as the world evolves into greener and more efficient engines, electric motors, and other industrial technologies.”

With a track record of finding the right home their investments, the Artemis team is confident that Adcole is in the right position to continue pushing the boundaries of technological innovation within the mission-critical metrology devices industry.

Headquartered in Marlborough, MA, Adcole Corporation is a world-leader in the design and manufacture of high-precision, tight tolerance metrology devices critical to global efforts to realize a more mobile, sustainable, and productive future. For more information, please visit:



About Artemis

Headquartered in Boston, MA, Artemis is a specialized private equity firm focused on partnering with differentiated Industrial Tech companies, whose people and products enable a healthier, safer, more connected, productive, and equitable world.s. For more information on Artemis, please visit:


Media Contact

Jesse Moran
Principal, Origination