Center Manufacturing, Inc., a portfolio company of Industrial Opportunity Partners, was acquired by Mayville Engineering Company. Quarton Partners acted as the exclusive financial advisor to Center Manufacturing and Industrial Opportunity Partners.
Center Manufacturing, based in Byron Center, Mich., is a full-service manufacturer of highly engineered, complex metal-formed components and assemblies for commercial vehicle, power sports and agricultural and construction equipment applications. Center’s product offering is represented by over 5,000 active parts, including complex welded assemblies, fluid delivery products, large diameter tubing, fuel tanks and fabricated metal assemblies. The Company operates from eight manufacturing locations in close proximity to its blue-chip customer base.
Mayville Engineering Company, headquartered in Mayville, Wisconsin, has become a manufacturing company where employee shareholders are creating outstanding value and support every day for their customers and the communities in which they live and work. Mayvilles processes include laser and plasma cutting, stamping, forming, machining, welding, tube forming, painting, assembly and kitting, product testing and validation of metal products for the construction, military, agriculture, mining, power sports, marine, medical and power generation industries. The company was founded in 1945 and today has 1,200 employees and eight Wisconsin locations in Mayville, Neillsville, Beaver Dam, Berlin and Wautoma.
When it was time to sell Center Manufacturing, we interviewed several of the premier investment banking firms in the middle market, including Quarton. We selected Quarton for their tailor-made process, relationships with the best strategic and financial buyers, and senior-level attention. Having a trusted advisor like Quarton, who took the time to get to know our business well, was instrumental in positioning the business most effectively. Throughout the process the Quarton team stayed on top of the deal and was relentless in their effort. I commend the team from Quarton and view this successful result as the foundation for a long relationship between our firms.
Senior Managing Director and Founding, Principal Industrial Opportunity Partners
December 20, 2018
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