Rift Valley Equity Partners has acquired the assets of M&M Manufacturing, a manufacturer of precision machined components used in a variety of aerospace, defense and industrial applications.
“M&M is an industry leading machine shop with an unparalleled reputation for providing the highest quality and exceptional service,” said David Caputo, Managing Partner of Rift Valley. “We are thrilled to partner with Kenneth Statton and his team to continue to grow the business while maintaining our focus on delivering value to our customers.”
M&M Manufacturing provides precision machining and fabrication services to aerospace, defense and industrial companies. The company’s manufacturing capabilities include CNC milling and turning, assembly and inspection, and value-added services such as programming, modeling and tooling. M&M was founded in 2000 by Kenneth Statton and operates out of a 50,000 sq. ft. facility in Tulsa (www.mm-mfg.com).
Rift Valley’s acquisition of M&M represents its second aerospace and defense platform investment following the acquisition of Crow Precision Components in October 2014. Crow is a manufacturer of forged components used by companies operating in the aerospace, defense, industrial, oil & gas and power generation sectors. The company was founded in 1951 and is headquartered Fort Worth (www.crowcomponents.com).
“As a partner, Rift Valley brings a lot to the table,” said Mr. Statton. “Through their partnership with Crow, Rift Valley has demonstrated a deep understanding of our industry. Together with Crow, we will be able to deliver enhanced capabilities to our customers, leveraging the significant resources provided by Rift Valley.”
Rift Valley makes control investments in North American based companies that have up to $150 million of revenue and $5 million to $15 million of EBITDA. Sectors of interest include consumer products & services; retail; and industrial products & services. Rift Valley was founded by David Caputo and has offices in New York and Toronto (www.riftvalleyequity.com).
© 2015 PEPD • Private Equity’s Leading News Magazine • 7-1-15
