Private equity firm Auxo Investment Partners announced today that it has acquired Midway Rotary Die Solutions, adding deeper capabilities to Auxo's die manufacturing platform – Bernal Rotary Dies, Atlas Die, and Atlas Chem-Milling – and furthering Auxo's commitment to meeting the needs of the most sophisticated and demanding customers.
Williamston-based Midway Rotary Die Solutions has come under new private equity ownership, MiBiz has learned. In the latest deal for Grand Rapids-based Auxo Investment Partners, Managing Partner Jeff Helminski says that the firm’s investment in the Williamston-based manufacturer of crush cut dies will add more capabilities to the company’s die manufacturing platform. Included in the acquisition are 50 employees from Midway and a roughly 20,000-square-foot facility in Williamston, Helminski said, adding that the 33-year-old company is the "quintessential story" of two entrepreneurs, Richard and Betsy Seeley, who "found their business and poured their professional life’s work" into building a "world-class organization."
Private equity firm Auxo Investment Partners has purchased Midway Rotary Die Solutions for undisclosed amount. Auxo said the acquisition is a part of its plan to add capabilities to die manufacturing platform – Bernal Rotary Dies, Atlas Die, and Atlas Chem-Milling ... Auxo said that the acquisition allows Midway Rotary Die Solutions to continue to grow, serve a wider array of customers and offer new capabilities in wide format RP rotary dies and flexible rotary dies.
Midway Rotary Die Solutions has a new owner. Grand Rapids-based private investment firm Auxo Investment Partners announced Tuesday that it has acquired the die manufacturer. Midway designs, manufactures and sharpens dies for automotive, packaging, medical and food processing purposes.
Auxo Investment Partners has acquired Midway Rotary Die Solutions, adding deeper capabilities to the private equity firm's die manufacturing platform. Midway designs, manufactures and sharpens dies for customers in the automotive, packaging, medical, food processing, tag and label, specialty and photo-cutting industries. The company also offers multi-stage heat treatment processes, cryogenic treatment, carton prototyping and technical support to for crush-cut dies.
Michigan-based private equity firm Auxo Investment Partners has expanded out its die manufacturing portfolio by picking up Midway Rotary Die Solutions. The company already has a trio of die manufacturing businesses under its ownership. Midway designs, manufactures and sharpens dies for customers in the automotive, packaging, medical, food processing, tag-and-label, specialty and photo-cutting industries. Auxo managing partner Jack Kolodny said, “We are excited to grow our platform with Midway’s strong legacy and highly skilled, dedicated workforce."