CLEVELAND, OH – CapitalWorks LLC is moving its offices downtown Cleveland to the Oswald Centre at 1100 Superior Avenue. The firm will begin operating out of the new location on December 19, 2016. CapitalWorks CEO Dick Hollington commented, “The new location will accommodate our firm’s needs and enable more networking

In recognition of their onging contributions to the firm, CapitalWorks is pleased to announce the promotions of Todd Martin, Mike Harding, John Corrigan and Matt Lombardo. Martin and Harding have been named managing directors, Corrigan and Lombardo vice president. W. Todd Martin, Managing Director Mr. Martin’s responsibilities include developing

CLEVELAND, OHIO – Cleveland private equity firm CapitalWorks announced today the sale of its portfolio company, Bluffton Motor Works, to WEG S.A. Bluffton Motor Works is a leading manufacturer of sub-five horsepower motors that power a wide variety of applications throughout the world. Terms of the deal were not disclosed.

Cleveland, OH – CapitalWorks LLC, a lower middle market private equity firm, announced today the sale of its portfolio company, Magna-Tech Manufacturing, to Henkel Corporation. Magna-Tech Manufacturing is the North American market leader in vacuum impregnation services, with a focus on process center capabilities. Magna-Tech will function as a

As part of KKSP Precision Machining’s and the Multi-Turn Division’s continued mission to improve service and meet growing customer demand for localized sourcing, the company is more than doubling the size of its operation in Monterey, Mexico. KKSP is a CapitalWorks portfolio company. The new facility is more than 52,000 square feet in

Matthew Lombardo has joined CapitalWorks as a senior associate with primary duties as a private equity analyst. His responsibilities include screening and analysis of acquisition opportunities, conducting due diligence and procuring deal financing. Additionally, he works with current portfolio companies to assist them with various projects as well as

Marc Gaudiosi has joined Capewell Holdings as controller, corporate services. Marc was previously controller at Shelterlogic Corp, Chromalloy Gas Turbine, The Stanley Works and Danaher Corp. Marc brings a wealth of financial leadership experience in manufacturing, financial reporting and analysis, cost accounting and bank covenant compliance. He has significant

Tracy Schweiger has joined CapitalWorks portfolio company Capewell Holdings as human resource manager, corporate services. At Capewell, Tracy’s responsibilities will include working with all managers and the corporate services team, managing relationships with outside human resources service providers and coordinating policies and procedures. In her previous job at Beazley

CLEVELAND, Ohio – Cleveland based private equity firm CapitalWorks has successfully completed dividend recapitalizations for portfolio companies Bluffton Motor Works and KKSP Precision Machining. Strong operating and financial performance of the businesses over the past two years and a favorable credit market made the recapitalizations possible. Proceeds were distributed to shareholders. Bluffton

(SOUTH WINDSOR, CT) Capewell Systems has acquired Aerial Machine and Tool Corporation, a manufacturer of aviation, safety and tactical gear for military, law enforcement and commercial customers worldwide. Terms of the purchase from Aqua Lung Corporation of San Diego, California, were not disclosed. Owned by private equity firm CapitalWorks,

It is with mixed emotions that we announce Chris O’Dell’s retirement from CapitalWorks, LLC, effective December 4. Chris joined the firm in October 2005. Since that time, she has worked tirelessly with the CapitalWorks team to run the office, organize our travel and logistics, maintain our files for deal

KKSP Precision is committed to steadily growing its Mexico machining capabilities. Since inception in 2006, our Multi-Turn Precision Industries Division in Monterrey has steadily grown over time while remaining committed to our overall Company commitment to World Class levels of quality, delivery and service. Our Monterrey Division currently operates

Terry Townsend has joined CapitalWorks’ portfolio company Magna-Tech Manufacturing as chief financial officer from his position as senior project finance manager with the Global Workplace Solutions division of Johnson Controls. Mr. Townsend was with Johnson Controls for four years before coming to Magna-Tech. Prior to that, he served as a

Scott Bettigole has joined CapitalWorks’ portfolio company Capewell Components as chief financial officer. His responsibilities include finance, accounting, human resources, information technology and facilities management. Mr. Bettigole joins the company from Exelis Power Solutions in West Springfield, Massachusetts, where he served as vice president and controller from 1999-2013. Prior

(Cleveland, Ohio) Midwestern private equity firm CapitalWorks, LLC, has acquired Avtron Aerospace, Inc., from Morgenthaler Private Equity, the Cleveland and Boston-based private equity team focused on lower middle market buyouts. Terms of the transaction were not disclosed. Avtron Aerospace is a leading designer and manufacturer of electrical, electronic, and

CapitalWorks portfolio company Bluffton Motor Works has acquired RAE Corporation, a manufacturer of fractional horsepower permanent magnet motors, gears and controls for pumps, medical equipment, door and gate operators, office machines, food processing and many other industrial and commercial applications. The acquisition was made through Bluffton affiliate DC Products