Genstar Capital, a middle-market private equity firm focused on investments in targeted segments of the industrial technology, healthcare, financial services, and software industries, announced the sale of MW Industries, Inc., provider of highly engineered springs, specialty fasteners and other precision components, to affiliates of American Securities LLC. During Genstar’s ownership, the firm meaningfully increased the scale of MW’s leadership team, supported the implementation of the OneMW Operating System, and through acquisitions expanded the company’s product portfolio and end markets, all of which contributed to a doubling of revenue.
MW is one of the largest and most diversified precision spring and fastener manufacturers in North America. Acquired by Genstar in 2011, the company has since completed 12 strategic add-on acquisitions that broadened its product offerings and positioned the company in higher growth markets, including aerospace, consumer products and medical sectors. MW manufactures products that are mission critical but represent only a small percentage of the overall finished product it is a component within. Its full line of industrial springs, fasteners, machined parts, and flat-stamped spring-related products are engineered to drive increased performance, made from the world’s best materials, and sold to more than 23,000 customers nationwide.
Filed Under: Design World articles, Fastening + joining • locks • latches • pins, Springs