SAUGATUCK CAPITAL COMPANY ANNOUNCES ANOTHER ADD-ON ACQUISITION FOR FEMCO HOLDINGS LLC
Wilton, CT – February 2018. FEMCO Holdings, LLC, a leading national machine repair and manufacturing company, announced today that it has acquired MAN-TEX Manufacturing & Welding, Inc., a Western Colorado based company. MAN-TEX is a top provider of high-quality welding, machining, fabrication and field services.
MAN-TEX has served Colorado and beyond for over 15 years with superior welding, machine repair, and fabrication services, delivering high quality engineered metal products for the Oil & Gas, Commercial, Agriculture, and Industrial Manufacturing industries. MAN-TEX is a member of the American Society of Mechanical Engineers (ASME) and the National Board of Boiler and Pressure Vessel Inspectors for the authorized manufacture and repair of coded pressure vessels. Going forward, FEMCO Colorado will maintain the ASME “U” and the NBIC “NB” & “R” stamp certifications. With an extensive customer base, located throughout the Rocky Mountain region, MAN-TEX further solidifies FEMCO as an industry leader across the country.
Remarking on the acquisition, FEMCO CEO, Dan Rondeau stated: “We are delighted to invest in MAN-TEX. MAN-TEX’s leading position in the Rocky Mountain area, combined with its strong management team, will enable FEMCO to continue growing both organically and through strategic acquisitions. FEMCO has a significant track record of investing to grow our business. We look forward to working with such a great team and to further our pledge to provide outstanding customer service anytime, anywhere.”
Howdy Robertson, President of MAN-TEX said: “We are extremely excited to be joining FEMCO and see a great future going forward. FEMCO seamlessly aligns with our strong company values, putting customers first, and valuing every employee. We look forward to the journey ahead.”
FEMCO is a national company providing technical expertise and solutions to the aggregate & mining, construction, industrial manufacturing, oil & gas, and recycling industries. FEMCO delivers repair, manufacturing, and field services, including OEM and aftermarket parts and 24-hours-a-day, 7-days-a-week emergency response. Visit at: www.femcomachine.com
Founded in 1982, Saugatuck is a long-established private investment firm committed to leveraged recapitalizations and buyouts and growth equity investments in the lower, middle market. Sourcing investment opportunities through its well-established network, Saugatuck invests in service-intensive businesses demonstrating a proven ability to generate stable, growing cash flows where it has the requisite experience to drive accelerated portfolio company performance. For over three decades, the Firm has been dedicated to the philosophy of hands-on value creation in which exceptional management teams, in partnership with Saugatuck’s capital and expertise, build companies of outstanding value. For further information regarding Saugatuck and its investments, please visit www.saugatuckcapital.com.