Manufacturing Recapitalizations in 2014
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December 22, 2014
- Buyer
- Pillsman Partners, LLC, Banyan Investment Partners, Pine Street Capital Partners
- Target
- SST Conveyor
- Seller
- SST Bearings, Inc. and its shareholders
- Industry
- Manufacturing
- Location
- Ohio, United States
- Type
- Recapitalization
Pillsman Partners, Banyan Investment Partners and Pine Street Capital Partners have completed a recapitalization investment in SST Conveyor, the conveyor components division of SST Bearings (Loveland, Ohio). SST Bearings and its shareholders retain a significant ownership stake and will continue operational oversight; the investment is intended to fund growth initiatives and improve service to the company’s material-handling and distribution customers.
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September 12, 2014
- Buyer
- Dobbs Equity Partners, LLC
- Target
- The Universal Group Corporation
- Seller
- Annik Smith, Nick Smith
- Industry
- Manufacturing
- Location
- New Jersey, United States
- Type
- Recapitalization
Dobbs Equity Partners completed a recapitalization of The Universal Group Corporation, providing partial liquidity to founders Annik and Nick Smith while the Smiths retain management roles and a meaningful ownership stake. The Universal Group, a distributor of leaf springs and suspension components to truck and trailer OEMs and aftermarket customers, will operate as The Universal Group LLC with capital to support growth and geographic/product expansion.
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