Calvert Street Partners with Management to Acquire Abrasive-Form
We are pleased to announce that on October 20, 2015, Calvert Street Capital Partners ("Calvert Street") acquired Abrasive-Form, Inc. (“Abrasive-Form”). Founded in 1976 and headquartered in Bloomingdale, Illinois, Abrasive-Form is one of the world’s largest independent precision creep-feed grinding manufacturers serving the industrial gas turbine, aerospace, automotive, and general industrial sectors. The Company’s product portfolio includes 400+ custom-engineered metal component parts including turbine blades, vanes, shrouds, rotors, and sprockets. For more information about Abrasive-Form, please visit www.abrasive-form.com.
John Harig, President of Abrasive-Form stated, “We are thrilled to have found a partner who shares our vision for the next evolution of Abrasive-Form. With their growth orientation and operational expertise, Calvert Street will help us accelerate the implementation of our strategic growth plan to better serve our global customer base.”
John Wissel, Principal at Calvert Street, added that “We could not be more excited about our partnership with Abrasive-Form. This acquisition follows Calvert Street’s long history of investing alongside skilled management teams to acquire and grow founder-owned businesses in the specialty manufacturing sector. John Harig and his team have done a remarkable job growing the business, and we are confident in their ability to execute upon the many growth opportunities that exist in the market.”