Canadian electronics manufacturer Celestica Inc. has acquired U.S. equipment and systems contract manufacturer Impakt Holdings, LLC.

U.S. private equity and venture capital firm Graycliff Partners LP sold Impakt Holdings for a total purchase price of approximately $329 million.

Graycliff Partners said that it expects Impakt to be a great fit with Celestica.

Impakt Holdings has $18 million in revenue annually while Celestica Inc has $5.2 billion.