MW Industries, a portfolio company of Genstar Capital, has acquired Maudlin & Son Manufacturing, a manufacturer of slotted shims that are used to align and level industrial machinery.
In addition to slotted shims, Maudlin & Son manufactures coil & flat shim stock, key stock, feeler gages, drill & threaded rod, and tool room supplies. The company also offers a custom job shop with water jet, laser cutting, wire EDM (electric discharge machining), and metal stamping capabilities. Maudlin & Son was founded in 1938 and is based near Houston in Kemah, TX (www.maudlinproducts.com).
“Maudlin & Son has an excellent reputation in craftsmanship, quality and meeting the most demanding of industrial requirements. Their focus is centered on their customers, and they take great pride in their ability to provide very rapid turn-around with high precision products,” said Bill Marcum, CEO of MW Industries. “The company’s product and workforce are highly complementary to our existing business base, and as part of the MW integrated family of companies, we believe that Maudlin & Son is better positioned to penetrate and expand in our existing markets, including energy & oil patch, machining and various industrial markets.”
MW Industries, acquired by Genstar in June 2011, is a provider of springs, specialty fasteners, machined parts and other precision components to more than 23,000 customers in over 35 countries. The company’s 40,000 SKUs are sold through a combination of direct sales, catalogs and distributors to original equipment manufacturers and aftermarket customers in a number of industries, including aerospace, medical, electronics, energy, agriculture/construction, automotive replacement and military. MW Industries is based in the Chicago suburb of Rosemont (www.mw-ind.com).
Genstar Capital invests from $50 million to $400 million in middle-market companies that have enterprise values from $50 million to $1 billion and EBITDAs greater than $15 million. Genstar manages approximately $3 billion of committed capital and targets investments in the industrial technology, financial services, software, and healthcare industries. The firm was founded in 1988 and is based in San Francisco (www.gencap.com).
© 2015 PEPD • Private Equity’s Leading News Magazine • 1-6-15
