Morgenthaler Acquires B&E Group

Morgenthaler Acquires B&E Group

B and E nf1Morgenthaler Private Equity (MPE) has acquired the B&E Group, a manufacturer and service provider to the commercial, defense, and aerospace industries.

MPE partnered on this transaction with B&E Group’s existing shareholders and senior management team, including CEO John Wilander and COO Paul Tobias, both of whom will serve as members of the company’s Board of Directors.

b and e nf57B&E Group is a manufacturer of machined components used by OEMs in the commercial aerospace, military and space industries, and is also a provider of maintenance, repair and overhaul services for commercial aerospace engine components. The company is headquartered in Southwick, MA and Fort Myers, FL ( (

peter taft nf1“We are very impressed with B&E Group’s engineering expertise and capabilities to machine exotic materials to tight tolerances. We also appreciate the company’s technical service and repair capabilities.  B&E Group fits squarely within MPE’s focus on entrepreneur-owned, high value manufacturing companies,” said Peter Taft, a Partner at MPE.

MPE invests in companies in the lower middle market that have transaction values up to $150 million and EBITDAs between $5 million and $20 million.  Sectors of interest include high-value manufacturing and proprietary business services. The firm has $3 billion of capital under management and has offices in Cleveland and Boston (

Charlie Rossetti nf1“In addition to a number of organic growth opportunities, B&E Group will seek complementary add-on acquisitions for each of its operating divisions,” said Charlie Rossetti, a Vice President at MPE.

Twin Brook Capital Partners – the middle market direct lending subsidiary of Angelo, Gordon & Co. –  provided financing to support the transaction (Twin Brook website).

“MPE’s experience with highly engineered components, relevant industry knowledge and ability to work with entrepreneur-owned companies make them an ideal partner for B&E Group,” said Mr. Wilander.

© 2015 PEPD • Private Equity’s Leading News Magazine • 11-19-15

To search in site, type your keyword and hit enter