Monroe Engineering, a portfolio company of Svoboda Capital Partners, has acquired R.J. Vedovell, a supplier of O-rings and gaskets. This transaction is the second add-on acquisition for Monroe since being acquired by Svoboda in May 2011.
R.J. Vedovell is a supplier of O-rings, gaskets, seals and molded rubber. The company sells its products to a range of industrial OEM customers located throughout the US. Vedovell was founded in 1968 and is based in Zeeland, MI (www.vedovell.com).
“We are very excited about the addition of Vedovell to the Monroe organization,” said Garret Morelock, President of Monroe Engineering. “Vedovell’s products are highly complementary to our line of industrial hardware products, and we look forward to working with the management team at Vedovell to further expand their sales and marketing opportunities.”
Monroe Engineering is a supplier of niche industrial hardware products, including hinges, pull handles, knobs, hand wheels, clamps, plungers and related assemblies. The company supplies more than 20,000 products to customers in the military, transportation, industrial aftermarket, machinery fabrication and packaging equipment markets. Monroe Engineering is headquartered in Auburn Hills, MI (www.MonroeEngineering.com).
Svoboda Capital Partners has over $300 million of capital under management and invests from $10 million to $25 million in value added distribution and business services companies that have revenues from $10 million to $100 million and EBITDAs from$3 million to $15 million. The firm was founded in 1998 and is based in Chicago (www.svoco.com).
© 2013 PEPD • Private Equity’s Leading News Magazine • 5-16-13
