O2 investment partners and management acquire Alpha Sintered Metals
January 27, 2014
Alpha Sintered Metals, Inc., based in Ridgway, Pennsylvania, USA, has announced that O2 Investment Partners, LLC, a private equity firm located in Bloomfield Hills, Michigan, USA and Alpha’s existing management team have acquired the business from Cyprium Partners located in Cleveland, Ohio. Full terms of the deal were not disclosed.
JoAnne Ryan, President & CEO of Alpha Sintered Metals stated, “Our partnership with O2 – an organization which shares our values and strategic vision – provides access to the resources necessary for Alpha Sintered Metals to continue its growth trajectory with existing core products and customers while allowing for expansion into additional targeted niche markets and technologies and growth through strategic acquisition.”
Founded in 1967, Alpha Sintered Metals, Inc. is a supplier of high-strength precision PM gears and fully-assembled modular camshafts, with capacity to process high-density stainless steels for automotive, heavy duty, and off-highway exhaust systems. Alpha Sintered Metals is certified to both TS-16949 and ISO-14001 and employs 265 people, supplying its products to a worldwide customer base from manufacturing locations in Ridgway, Pennsylvania, USA and Yizheng, China.
Jay Hansen, President and Managing Partner of O2 Investment Partners, stated, “We are very pleased with our investment in Alpha Sintered Metals and its employees. The vision that JoAnne and the management team have developed for this business is truly exciting and we look forward to supporting the Alpha team in achieving the plan.”
“We also view Alpha as an exciting platform for developing or acquiring additional businesses in the powdered metal component sectors and are actively seeking add-on acquisitions. With this team and the support of our financial partners, Huntington Bank and Northcreek Mezzanine, we are very optimistic about realizing these growth opportunities,” added Hansen.