MW Industries, a portfolio company of Genstar Capital, has acquired Mohawk Spring, a custom precision spring manufacturer. MW Industries has completed 5 acquisitions in the last 2 years and is currently evaluating a number of additional acquisitions from its transaction pipeline.
Mohawk Spring manufactures precision springs, wire forms, and rings. The main industries served by Mohawk include heating, cryogenics, hydraulics, electrical distribution, irrigation, computer technology, home appliance, construction equipment, medical device, and aerospace. The company’s products are used as components for both consumer end users and industrial applications. Typical end products include valves, regulators, coupling devices, pumps, door mechanisms, and electronic assemblies. The company is headquartered near Chicago in Schiller Park, IL (www.mohawkspring.com).
“Mohawk has shown strong performance with an ability to maintain and build on long-standing customer relationships. We share the same strategic vision as the Mohawk management team and now, as part of the MW family, we believe we can help build on the company’s established brand to develop new accounts within high growth industry sectors, as well as provide additional products to existing customers,” said Bill Marcum, CEO of MW Industries.
MW Industries is a provider of springs, specialty fasteners and other components to more than 23,000 customers in over 35 countries. Its 40,000 plus products are sold through a combination of direct sales, catalogs and distributors to original equipment manufacturers and aftermarket customers in a number of industries, including medical, aerospace, electronics, agriculture & construction, automotive replacement, energy, and military. MW Industries is headquartered near Chicago in Rosemont, IL (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. Sectors of interest include life sciences, healthcare services, software & software services, financial services, and industrial technology. The firm was founded in 1988 and is based in San Francisco (www.gencap.com).
© 2013 PEPD • Private Equity’s Leading News Magazine • 7-17-13