News

Kellie Work has joined CapitalWorks as Vice President, Business Development. Her primary responsibilities will be to maintain and grow the firm’s relationships with deal sources and the network of industry experts.

Prior to joining CapitalWorks, Kellie spent her career at The Lubrizol Corporation. During her tenure at Lubrizol, Ms. Work progressed in the corporation in a variety of roles including operations, product management, corporate business development and most recently as the Global Market Segment Manager for Medical Polymers. During her time as an Associate in Corporate Business Development, Kellie helped create and execute the business development strategy for middle market transactions across the corporation.

Kellie received a Bachelor of Science from John Carroll University and a Master’s in Business Administration from Cleveland State University. Ms. Work is on the Board of the West Side Catholic Center in Cleveland and was a previous chair of the Women in Lubrizol Leadership business resource group.… Read this article

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 she oversaw the company’s accounting, financial reporting and treasury functions. Prior to that, she held various accounting roles with TravelCenters of America, LLC, and Shiloh Industries. During her tenure at TravelCenters of America, Jennifer oversaw the accounting for site level activities, the integration of the accounting operations of businesses acquired by the company, the company’s SEC reporting and was responsible for financial reporting. She began her career in the audit practice of Grant Thornton, LLP.

Jennifer graduated from The Ohio State University with a Bachelor of Science in Accounting and international business and is a licensed CPA in Ohio.… Read this article

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 invested alongside Little Mountain Industries in Premium Plastic Solutions in 2010, and over the past seven-years both have supported an effort to improve the business and prepare for its next phase of growth.  Premium Plastic Solutions has an excellent partner in Universal Plastics, and a great group of core employees to take the company to the next level.” Said Dick Hollington, Managing Director of CapitalWorks, LLC.

Todd Martin, Managing Director of CapitalWorks, LLC commented, “we are excited to have found a partner for PPS that will continue to invest in future growth strategies. … Read this article

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 disclosed.

“CapitalWorks invested alongside senior management in KKSP in 2012, and over the past five-years has supported a number of key strategic investments which have enhanced its management team, successfully consolidated and upgraded its footprint of manufacturing operations in North America and Mexico, and implemented continuous improvement strategies to drive higher levels of quality and service.  Today KKSP is poised for continued growth both organically and through strategic acquisitions.” Said Dick Hollington, Managing Director of CapitalWorks, LLC.… Read this article

(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 are a large number of private business owners and executives of larger companies that have deep expertise in a wide array of industries. CapitalWorks taps into the knowledge base of its investors as they source, assess and ultimately govern their portfolio companies.

This fund will focus on acquiring control positions in lower middle market industrial businesses in the greater Midwest. Dick Hollington, Managing Director and CEO said, “Closing this latest fund enables the firm to continue to execute our long-term strategy of buying and improving lower middle market businesses.” Companies will range in size from $15 million to $75 million in sales and $3 million – $9 million in EBITDA.… Read this article

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 files, plan the firm events and coordinate our marketing and communications efforts, all the while making everyone feel like part of the CapitalWorks family.

Brittany is going to work for Lumitex, Inc. in Strongsville and is excited about the next opportunity that will allow her to grow and further pursue her career goals.

While we search for a full-time replacement, Michelle Weidner will be stepping in as Executive Assistant/Office Manager.  Michelle is working closely with Brittany over the next few days for a smooth transition.… Read this article

CLEVELAND, OH – CapitalWorks, LLC is pleased to announce that J.D. Sullivan, Jr. has joined the firms Advisory Board and adds another key player to their network of industry experts. Mr. Sullivan is the CEO of MFH Partners, an investment holding company, and the Vice-Chairman and recently past CEO of North American Kitchen Solutions, Inc., a manufacturer of commercial kitchen ventilation and fire suppression systems. Mr. Sullivan was the past Chairman and CEO of Mayfran International, Inc., a provider of engineered industrial automation products and systems.

In 2004, Mr. Sullivan, with a group of investors, led the buyout of Mayfran from British concern Tompkins plc. (NYSE: TKS). The Company was sold in late 2012 to Osaka, Japan-based Tsubakimoto Chain Co. (TYO: 6371).

Mr. Sullivan has a wide array of management, operations and transactional experiences in his background.… Read this article