Florida Investor Group Acquires Spring & Fastener Manufacturer MW Industries
Florida Investor Group Acquires Spring & Fastener Manufacturer MW Industries
John Wolz
A Florida private equity firm and management acquired fastener, spring and precision stampings manufacturer MW Industries Inc.
Brockway Moran & Partners Inc., a Florida-based private equity firm, and management and CITIC Capital Partners are co-investors in MW Industries.
Logansport, IN-based MW Industries manufactures for diverse markets plus is a catalog marketer of custom engineered mechanical components. MW Industries employs more than 900 people through 12 operating divisions located in nine U.S. states. MW Industries also has a joint venture and sales office in China. Web: mw-ind.com
MW Industries CEO Dan Sebastian explained that Brockway Moran “has an established track record of working with management to build great companies and shares our vision for the continued growth and development of MW Industries. For our customers and suppliers, it will be “business as usual,” as we continue to grow our business and global customer base.”
Managing partner Peter Brockway described MW Industries as “a great fit with our philosophy of investing in well-managed companies with excellent growth potential.”
MW Industries CFO James Callaghan said the “partnership provides us with the capital structure and financial resources to continue our strategy of aggressively investing in our business for organic growth, while also pursuing complementary acquisitions.”
Brockway Moran reports $1.3 billion of capital under management in a broad spectrum of industries with significant experience in consumer, industrial and service businesses. Since 1998, the firm has completed over 40 acquisitions. Web: brockwaymoran.com �2006 FastenerNews.com
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