Private Equity Deal News CapitalWorks

Bancsource Welcomes Jeff Chick as CEO

Jeff Chick has been appointed as the Chief Executive Officer for Bancsource, Inc. effective March 30, 2020. Jeff comes to Bancsource with a strong diverse background which includes experience with Field Services, Retail Banking, ATM transaction processing software, and Financial Services. He is a proven leader with a track

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Paradigm Windows Welcomes Philip Mahaney as CEO

Philip Mahaney has been named president and chief executive officer of Paradigm Window Solutions of Portland, ME, effective April 1. “Our search for Paradigm’s CEO was extensive and focused on acquiring the talent to lead Paradigm into the future,” said Dick Hollington, Managing Director and CEO of CapitalWorks, LLC,

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Libra Industries expands its footprint with acquisition of Benchmark’s Guaymas facility

CLEVELAND, OHIO –CapitalWorks is excited to announce its portfolio company, Libra Industries (“Libra”), has acquired a contract manufacturing facility in Guaymas, Mexico (“Libra Guaymas”). Terms of the transaction were not disclosed. Libra Guaymas was previously operated by Benchmark Electronics, Inc. and manufactures complex assemblies and sub-assemblies for a blue-chip

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Libra Industries and GEMCITY Engineering & Manufacturing to Merge

CLEVELAND, OHIO – CapitalWorks is excited to announce that its contract manufacturing portfolio companies Libra Industries (“Libra”) and GEMCITY Engineering & Manufacturing (“GEMCITY”) have merged, and will operate as Libra Industries going forward.  Rod Howell, the former owner and CEO of Libra, will serve as CEO of the combined

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CapitalWorks Exits Chemtron

Cleveland, Ohio – Cleveland private equity firm CapitalWorks, LLC announced the sale of Chemtron, a leading hazardous and non-hazardous waste management provider in the Midwest to Kinderhook Industries, LLC.  Terms of the deal were not disclosed. CapitalWorks acquired Chemtron in 2015 from the Guenther Family and partnered with them

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CapitalWorks Sweeps Up Essco

CLEVELAND, OHIO – Cleveland private equity firm, CapitalWorks, LLC has acquired Essco. The acquisition was completed as a part of CapitalWorks’ fourth private equity fund, CapitalWorks Fund IV, L.P.  Terms of the deal were not disclosed. Established in 1924 in Cleveland, Ohio, Essco is the leading value-added distributor of

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C&M Conveyor Names Brett Jaffe as New CEO

CLEVELAND, OHIO – C&M Conveyor and Ohio Blow Pipe welcome Brett Jaffe as CEO. Mr. Jaffe brings over 25 years of experience and in-depth knowledge leading manufacturing organizations in both the public and private sector. Prior to joining C&M Conveyor, Brett achieved success as the leader of the private-equity

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CapitalWorks Invests in Libra Industries, Inc

CLEVELAND, OHIO – Cleveland private equity firm, CapitalWorks, LLC announced today that it recently completed a majority investment in Libra Industries Inc. (“Libra”) in partnership with CEO, Rod Howell, the Howell family and the Libra management team. In 1980 the Howell Family founded Libra Industries and has successfully led

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CapitalWorks, LLC Acquires Ohio Blow Pipe

CLEVELAND, OHIO– CapitalWorks, LLC has acquired Cleveland-based Ohio Blow Pipe Company and its subsidiary Advanced Air Systems, Inc. (“OBP”). Founded over 85 years ago, OBP is a recognized leader in the design, fabrication and installation of pneumatic material handling and dust and oil mist collection systems for a variety

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CapitalWorks, LLC Exits Investment In Capewell Aerial Systems

CLEVELAND, OHIO – Cleveland private equity firm CapitalWorks, LLC announced the sale of its investment in Capewell Aerial Systems (“CAS” or the Company), a designer and manufacturer of highly advanced air soldier tactical gear, search & rescue, parachute, and aerial delivery products, to Argosy Private Equity. Terms of the

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Welcome Brian Miskell

Brian Miskell has joined CapitalWorks as a Senior Associate. His primary responsibilities include screening and analysis of acquisition opportunities, conducting due diligence and procuring deal financing. He will also assist current portfolio companies with various projects as well as governance and monitoring initiatives. Before joining CapitalWorks, Mr. Miskell worked

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CapitalWorks, LLC Acquires C&M Conveyor as part of CapitalWorks Fund IV

CLEVELAND, OHIO – Cleveland private equity firm CapitalWorks, LLC has acquired C&M Conveyor. Terms of the deal were not disclosed. The acquisition was completed by CapitalWorks’ fourth private equity fund, CapitalWorks Fund IV, L.P. Based in Bloomington, Indiana, C&M Conveyor designs, engineers, manufactures and services turnkey automated material handling

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Jennifer Haberman Joins CapitalWorks

Jennifer Haberman has joined CapitalWorks as controller. Her primary responsibilities will include accounting and financial reporting for CapitalWorks and its funds, investor communication, assisting with managing the firm’s SEC compliance function and other office operations. Prior to joining CapitalWorks, Jennifer was the corporate controller for Gas Natural, Inc., where

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Ripley Tools Acquires Optical Design Manufacturing Inc.

CLEVELAND, OHIO – Ripley Tools, a portfolio investment of Cleveland-based private equity firm CapitalWorks, LLC, announced today the acquisition of Optical Design Manufacturing Inc. (“ODM”), a designer and manufacturer of quality fiber optic testing equipment.  ODM’s electronics expertise will expand Ripley’s current product offering and provide additional solutions to

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CapitalWorks Exits Investment in Premium Plastic Solutions

CLEVELAND, OHIO – Cleveland private equity firm CapitalWorks, LLC announced today the sale of its investment in Premium Plastic Solutions, LLC (“PPS”), a custom blow molder, to Universal Plastics, a producer of large plastic parts with complex designs and excellent cosmetics. Terms of the deal were not disclosed. “CapitalWorks

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CapitalWorks Exits Investment in KKSP Precision Machining

CLEVELAND, OHIO – Cleveland private equity firm CapitalWorks announced today the sale of its investment in KKSP Precision Machining, one of North America’s leading manufacturers of machined metal components produced on automatic screw machines, to Mill Point Capital a middle-market private equity firm. Terms of the deal were not

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Final Close of Fund IV Reaches $125 million Hard Cap

(Cleveland, Ohio) — CapitalWorks, LLC, held its final close on CapitalWorks Fund IV at $125,585,000 today, November 30, 2017. CapitalWorks’ traditional family investors have been joined by several leading institutional investors, including an insurance company and several family offices, to exceed the fund’s initial hard cap. Among the investor group

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CapitalWorks Acquires GEMCITY as First Fund IV Platform Acquisition

CLEVELAND, OHIO – Cleveland private equity firm CapitalWorks has acquired GEMCITY Engineering and Manufacturing (“GEMCITY”), a leading manufacturer and provider of advanced automated equipment, complex assemblies, robotics, and high precision machining. Terms of the deal were not disclosed. The acquisition represents the first investment for CapitalWorks Fund IV, L.P.,

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Farewell and Thank You Brittany Roth

It is with mixed emotions that we announce Brittany Roth will be departing from CapitalWorks, LLC effective Friday, March 24, 2017. Brittany joined the firm in October 2014 and since that time has worked to manage our office logistics, organize our travel, maintain our deal processing and portfolio company

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Chemtron Corporation Acquires Chemical Pack Services, Inc.

CLEVELAND, OH – Cleveland based private equity firm CapitalWorks, LLC, announced today the add-on acquisition of Chemical Pack Services, Inc. to its portfolio company, Chemtron Corporation. Chemical Pack is a hazardous waste management services company specializing in lab pack waste services. Terms of the deal were not disclosed. Chemtron

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