CapitalWorks Private Equity Firm Cleveland Ohio

Franklin Among Broad Investments

The Cleveland-based firm that has acquired a division of Franklin Electric is just seven years old but has invested in a range of businesses from parking lot management companies to a magazine.

CapitalWorks LLC, founded in 1999, announced last week that it was acquiring the Engineered Motor Products division of Bluffton-based Franklin Electric but intends to keep the manufacturing operations in the Wells County community.

John Mueller, president of CapitalWorks, said his plan is to continue making the former Franklin Electric division – now called Bluffton Motor Works – a successful, growing company.

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