July 16, 2013
CHICAGO, IL – MW Industries announced today the acquisition of Mohawk Spring, a custom precision spring manufacturer. MW Industries is a portfolio company of Genstar Capital, a leading private equity firm.
Headquartered near Chicago in Schiller Park, IL, Mohawk manufactures precision springs, wire forms, and rings for a broad and varied base of over 300 unique customers. The main industries served by Mohawk include heating, cryogenics, hydraulics, electrical distribution, irrigation, computer technology, home appliance, construction equipment, medical device, and aerospace. The company’s products are used as components for both consumer end users and industrial applications. Typical end products include valves, regulators, coupling devices, pumps, door mechanisms, and electronic assemblies. Mohawk is ISO-9001 certified.
Bill Marcum, CEO of MW Industries, said: “Mohawk has shown strong performance with an ability to maintain and build on long-standing customer relationships. We share the same strategic vision as the Mohawk management team and now, as part of the MW family, we believe we can help build on the company’s established brand to develop new accounts within high growth industry sectors, as well as provide additional products to existing customers.”
Mr. Marcum added that the company has completed 5 acquisitions in the last 2 years and is currently evaluating a number of additional strategic acquisitions from its robust pipeline.
About MW Industries
MW Industries, Inc., headquartered in Rosemont, Illinois, is a leading provider of highly engineered springs, specialty fasteners and other precision components to more than 23,000 customers in over 35 countries. Its 40,000+ products are sold through a combination of direct sales, catalogs and distributors to original equipment manufacturers and aftermarket customers in a number of industries, including medical, aerospace, electronics, agriculture/construction, automotive replacement, energy and military.
About Genstar Capital, LLC
Genstar Capital (www.gencap.com) is a leading private equity firm that has been actively investing in high quality companies for more than 20 years. Based in San Francisco, Genstar works in partnership with its management teams and its network of operating executives and strategic advisors to transform its portfolio companies into industry-leading businesses. Genstar has more than $4 billion of committed capital under management and targets investments focused on selected sectors within the life science, healthcare services, software and software services, insurance and financial services, and industrial technology industries.