Grand Rapids-based private investment firm Auxo Investment Partners has acquired Securit Metal Products, a manufacturer of solid and semi-tubular rivets in Dowagiac on the west side of Michigan. Terms of the transaction were not disclosed. The addition of the 70-year-old manufacturer complements Auxo’s previous acquisition of Prestige Stamping in Warren, which produces custom-engineered washers and stampings for the fastener industry.
Private equity firm Auxo Investment Partners will add to its existing capabilities in the fastener space with the acquisition of a Michigan-based manufacturer of rivets. The Grand Rapids-based Auxo announced today that it has purchased Securit Metal Products Co., a 70-year-old company based in Dowagiac. The company manufactures both solid and tubular rivets that are used in industries such as automotive, heavy transportation, construction and agriculture. The deal is Auxo’s sixth within the state of Michigan and the company’s 14th overall.