Kinsale Capital Partners has acquired Elwood Corporation in partnership with the existing management team led by President and CEO Terry Levin.
Elwood designs, manufactures and distributes industrial automation and fluid power equipment that is used in the machine tool, automotive, packaging, food processing, and oil & gas industries. Elwood was founded in 1973 and is based south of Milwaukee in Oak Creek, WI (www.elwood.com).
Elwood’s automation products include servo and standard stepper motors (an electric motor that divides a full rotation into a number of equal steps) that are used in extreme and/or specialty environments. Elwood supplies OEM accounts with specialty motors as well as end users with legacy replacement motors manufactured under license from Modicon, Gettys and Rockwell.
Elwood’s fluid power group designs and manufactures high pressure hydraulic valves used in steel and aluminum mills, petroleum refinery decoking and forge press industries.
Kinsale Capital Partners provides advisory and financing services to middle market companies. The firm will also use its own capital and the capital of its equity partners to invest in or acquire companies to provide capital for growth, restructuring or ownership transition. Kinsale is based in Chicago (www.kinsalecapitalpartners.com).
© 2016 Private Equity Professional • Private Equity’s Leading News Magazine • 4-26-16