Cyprium Investment Partners announced today a $15 million subordinated debt investment in MGS Mfg. Group. Cyprium’s investment will be used to refinance a portion of the company’s existing indebtedness and facilitate its continued domestic and international growth.
MGS Mfg. Group is a full-service injection molding business that specializes in solving complex production engineering issues for its customers. The company produces injection molded parts and provides mold-making engineering services and equipment design. MGS specializes in complex, multi-shot molded products. The company was founded in 1982 and is headquartered in Germantown, WI and operates from six locations in three countries (www.mgstech.com).
“MGS has differentiated itself in a competitive industry by providing turnkey custom molding solutions for its customers. MGS can design and build complex tools, automate production lines using proprietary equipment and produce high quality molded parts that conform to some of the most stringent tolerances in the global marketplace,” said Leland Lewis, a Managing Partner at Cyprium. “We pride ourselves on supporting companies like MGS that have created sustainable and dynamic niches within their respective industries.”
Cyprium provides capital for acquisitions, growth, shareholder or partnership buyouts, refinancings and personal dividend distributions, without requiring majority control. The firm provides capital via subordinated debt, preferred stock and/or common stock. Cyprium will also selectively invest in control (majority ownership) positions. The firm invests from $10 million to $60 million per transaction in privately-held companies based in the US and Canada with more than $8 million of EBITDA. Cyprium has offices in Cleveland, OH and New York, NY (www.cyprium.com).
