MW Industries, a provider of highly engineered springs, specialty fasteners, machined parts, and other precision components, and American Securities LLC, a leading private equity firm, have announced that MWI was acquired by affiliates of American Securities in partnership with MWI management on September 29, 2017.
Headquartered in Rosemont, Ill., MWI serves more than 45,000 customers in more than 35 countries. Its more than 100,000 products are sold through a combination of direct sales, catalogs, and distributors to original equipment manufacturers and aftermarket customers in aerospace, medical, electronics, energy, agriculture, construction, and other sectors.
The Company has grown significantly both organically and by acquisition over the past six years. During this period, MWI has acquired twelve spring, stamping and fastener manufacturing companies across the United States. Recent acquisitions have expanded the Company’s product suite to include advanced precision metal products such as couplings, machined springs, and bellows, bringing more value-added solutions to customers in the medical, aerospace, and automotive aftermarket industries.
“MWI has grown both our existing brands and newly-acquired brands through providing custom-engineered solutions to solve customer problems,” said John R. Bagnuolo, Chief Executive Officer of MWI. “Our strong technical expertise, combined with best-in-class service, speed to market and the broadest market basket of products and services in the industry, is valued by customers in a broad range of end markets. We look forward to leveraging American Securities’ significant experience in the industrial sector to help us continue to deliver industry-leading results.”
“We are pleased to partner with John and the rest of the MWI management team to continue to capture attractive growth opportunities,” said Will Manuel, a Managing Director of American Securities. “The Company’s highly engineered products, valuable customer relationships, and experienced management team make MWI a strong fit for our investment strategy.”