M&A Deal Summary

Auxo Investment Partners Acquires Avon Machining

On June 5, 2023, private equity firm Auxo Investment Partners acquired machinery company Avon Machining from Speyside Equity

Acquisition Highlights
  • This is Auxo Investment Partners’ 2nd transaction in the Machinery sector.
  • This is Auxo Investment Partners’ 13th transaction in the United States.
  • This is Auxo Investment Partners’ 7th transaction in Michigan.

M&A Deal Summary
Date 2023-06-05
Target Avon Machining
Sector Machinery
Buyer(s) Auxo Investment Partners
Sellers(s) Speyside Equity
Deal Type Secondary Buyout

Target

Avon Machining

Shelby Township, Michigan, United States
Avon Machining is a designer and producer of large, complex, precision parts for heavy equipment industries in North America and beyond. Avon collaboratively engineers and provides the part solution that maximizes long term reliability, durability and overall cost-effectiveness as a Tier 1 supplier to OEMs. Avon Machining was founded in 1974 and is based in Shelby Township, Michigan.

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Buyer(S) 1

Buyer

Auxo Investment Partners

Investor Investor Investor Investor Investor

Category Private Equity Firm
Founded 2016
Size Small
Type Sector Agnostic
DESCRIPTION

Auxo Investment Partners is an operationally-focused private investment firm that targets acquisitions of North American manufacturing, distribution, and business services companies. Auxo prefers profitable businesses ($2 to $20 million of EBITDA) and has a special interest in owner-operators seeking retirement or facing succession issues. Auxo Investment Partners was formed in 2016 and is headquartered in Grand Rapids, Michigan.

DEAL STATS #
Overall 13 of 15
Sector (Machinery) 2 of 2
Type (Secondary Buyout) 3 of 3
State (Michigan) 7 of 7
Country (United States) 13 of 14
Year (2023) 1 of 3
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2022-08-10 M/G Transport Services

Matairie, Louisiana, United States

M/G Transport Services is a dry barge transportation and logistics company that specializes in inland barge transportation, carrying more than 5 million tons of non-hazardous dry bulk cargo each year. M/G Transport Services was founded in 1967 and is based in Matairie, Louisiana.

Sell -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2023-06-14 SOS Manufacturing

Roberts, Wisconsin, United States

SOS Manufacturing is a manufacturer of specialized wire harnesses, cable assemblies, and complete box builds for customers in the computing, aerospace, agricultural, appliance, automotive, electronics, and food processing industries. SOS Manufacturing is based in Roberts, Wisconsin.

Buy -

Seller(S) 1

SELLER

Speyside Equity

Ann Arbor, Michigan, United States

Investor Investor

Category Private Equity Firm
Founded 2005
Size Small
Type Sector Agnostic
DESCRIPTION

Speyside Equity is a private equity firm focused on investments in traditional businesses with a history of profitability. Speyside generally looks for non-core divestitures from multinational businesses and will consider opportunities in the specialty chemicals, food/ingredients, and metal forming sectors. The Firm's geographic coverage includes North America and Western Europe. Speyside Equity was established in 2005 and is headquartered in Ann Arbor, Michigan.

DEAL STATS #
Overall 7 of 7
Sector (Machinery) 2 of 2
Type (Secondary Buyout) 3 of 3
State (Michigan) 1 of 1
Country (United States) 5 of 5
Year (2023) 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2019-06-18 Weatherly Casting & Machine

Weatherly, Pennsylvania, United States

Weatherly Casting & Machine Co. is an iron and iron alloy foundry in Pennsylvania supplying the material handling and power generation industries as well as pump and other durable good manufacturers. Weatherly Casting & Machine Co. was founded in 1989 and is based in Weatherly, Pennsylvania.

Buy -
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