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.
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."