LMW2 Partners has acquired Kopetz Mfg., a metal fabricator of large pressure vessels and heat exchangers to the worldwide process industries and energy sectors.
Kopetz has grown rapidly in recent years, nearly doubling its workforce from early in 2010. Much of the growth is due to its expansion in the liquefied natural gas (“LNG”) industry. Kopetz produces LNG vaporizers for both land-based and ship-borne applications used around the world. The company was founded in 1976 and is based in Decatur, IL (www.kopetzmfg.com).
Sikich Investment Banking served as the exclusive financial advisor to the owners of Kopetz. The Sikich team was led by Partner-in-Charge, Christopher Geier, and Managing Director, Bob Stutz. Sikich Investment Banking is based in Chicago (www.sikich.com/IB).
“In addition to capital, we were seeking a partner that could provide strategic advice, industry connections and international expertise. Sikich helped us to tell the story of Kopetz in a compelling way, and they were able to bring us several investors interested in the company,” said Jim Grady, President of Kopetz. “Their industry knowledge and operational experience were integral, and those strengths are not common in a financial advisor. In the end, Sikich found the right investment partner in LMW2 to help us realize the full potential of Kopetz.”
LMW2 Partners invests in middle market industrial, healthcare, real estate and professional sports sectors. The firm is based in New Jersey (no website found).
© 2013 PEPD • Private Equity’s Leading News Magazine • 5-7-13