Genstar Capital, a middle market private equity firm that focuses on investments in selected segments of the industrial technology, life sciences, healthcare, financial services and software industries, will support the company in growing both organically and through acquisitions. MW aims to attract new customers in existing and new end markets.
In conjunction with the investment, Michael L. Hurt, member of the Genstar Strategic Advisory Board, and Edmund M. Carpenter, Genstar Operating Partner, will join MW’s Board of Directors.
Led by President and CEO Dan Sebastian, MW Industries provides highly engineered springs, specialty fasteners and other precision components to more than 23,000 customers. Its products are sold through a combination of direct sales, catalogs and distributors to original equipment manufacturers and aftermarket customers in a number of industries, including medical, heavy truck, electronics, agriculture and construction, military and aerospace, energy and automotive.