Grey Mountain Partners has acquired ATS Workholding, a provider of machine tool accessories. John Boland, President and Chief Executive Officer of ATS Workholding, will continue to lead the company.
ATS Workholding (dba ATS Systems) provides CNC machine tool accessories for use in a variety of end markets including oil and gas, aerospace, and construction. The company is headquartered in Rancho Santa Margarita, CA (www.ats-s.com).
“We look forward to having Grey Mountain as partners,” said Mr. Boland. “Their financial backing and operational support will be instrumental as we continue to grow the company and better serve our customers.”
Grey Mountain Partners invests up to $75 million in control acquisitions of companies with enterprise values between $30 million and $150 million. Sectors of interest include aerospace & defense, building products & materials, business process outsourcing, diversified manufacturing, energy & power, financial services, food & beverage, healthcare services & technology, industrial services, packaging, professional services, specialty chemicals, technology, transportation & logistics, wholesale and distribution. Grey Mountain was founded in 2003 by Managing Partners Rob Wright and Jeff Kuo and is based in Boulder with an additional office in Minneapolis (www.greymountain.com).
© 2013 PEPD • Private Equity’s Leading News Magazine • 12-3-13
