Kinzie Capital Partners has acquired Fraser Steel, a Minnesota-based manufacturer of steel tubular products.
Fraser Steel’s tubular products are used by OEMs in the powersports, commercial furniture, lawn and garden, and agriculture sectors. The company’s capabilities include design and engineering, laser tube cutting, precision bending, robotic welding, machining, and fabrication. Fraser Steel has the capacity to manufacture up to 200,000 parts per day.
Fraser Steel, led by CEO Baxter Stephenson, was founded in 1970 by Rod Fraser and operates out of an 80,000-square-foot facility located northwest of Minneapolis in Albertville, Minnesota.
“For 55 years, Fraser has built a strong reputation for delivering high-quality steel tubular products, and Kinzie is the right partner to help the business scale to new heights,” said Mr. Fraser. “I am confident that Fraser is well-positioned to expand its capabilities, innovate its products, and reach new markets in this next chapter.”
“Our partnership with Kinzie Capital Partners represents a pivotal moment for Fraser,” said Mr. Stephenson. “Kinzie recognizes our potential for growth and is committed to providing the resources and expertise needed to expand our operations. We are excited about this next phase and look forward to building on our success together.”
Leading the acquisition of Fraser Steel for Kinzie Capital Partners were Principal Mike Eisinger and Operating Partner Dan Harvey.
“Fraser has built an impressive legacy as a trusted supplier of high-quality steel tubular products, and we see tremendous opportunity for growth ahead,” said Suzanne Yoon, a managing partner of Kinzie. “We are excited to partner with the Fraser team to support expansion, product innovation, and operational excellence. We are also incredibly grateful to Rod Fraser for entrusting us with the company’s future.”
Kinzie Capital Partners invests up to $50 million of capital in U.S.-based companies with revenues of up to $250 million and EBITDA of $3 million to $15 million. Sectors of interest include manufactured products, business services, and consumer goods. The firm has a strategic alliance with Clarity Partners, a Chicago-based management and technology consulting firm.
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