Calvert Street Announces the Recapitalization of Machine Specialties, Inc. (“MSI”)
Calvert Street is pleased to announce that it has recapitalized Machine Specialties, Inc. (“MSI”) in partnership with the Company’s management with the shared goal of building a leading manufacturer of complex and mission critical components going into the aerospace and defense, marine, medical, industrial and other end markets. MSI’s long history of organic growth, employee development programs and substantial investments in new capabilities, make MSI an excellent platform for organic and acquisitive growth.
Commenting on the recapitalization, Rob Simmons, CEO of MSI said: “We are excited to partner with Calvert Street in pursuit of our long-term growth plan for the business while delivering exceptional quality and service to our customers”.
Brian Guerin, Partner at Calvert Street, added, “Rob has built an incredible company over the years that is poised for explosive growth. We are honored to work with him and the entire management team to help take MSI to the next level in the industry”.
Based in Whitsett, NC, MSI is a manufacturer of high-precision components for customers in the aerospace and defense, medical, packaging and industrial industries. With a vast array of CNC milling, turning, grinding, finishing and assembly capabilities complemented by engineering and prototyping services, MSI can handle the smallest components going into satellite and medical applications to very large parts such as landing gear for military cargo planes. Since its founding in 1969, the Company has steadily grown its customer base, capacity and capabilities without sacrificing its dedication to quality and customer service.
ABOUT CALVERT STREET
Calvert Street is a Baltimore, Maryland-based private equity firm focused on investing in businesses in the lower middle market in targeted, thesis-led industry sectors. Calvert Street partners with founders, families and skilled management teams of privately held businesses to drive profitable growth and organizational transformation. Since its inception in 1995, Calvert Street’s managed funds have invested over $685 million in over 90 companies (45 platform acquisitions and 46 add-ons).
For more information, please visit www.cscp.com