MPE Partners has made an investment in 80/20 Inc., a world-class originator and manufacturer of aluminum T-slotted building systems for various applications and end-markets. MPE Partners' investment positions 80/20 Inc. for accelerated growth, ensuring the Company remains an industry leader, world class employer of choice, and committed partner to all customers.
"Our investment in 80/20 is an investment in the incredible people that comprise the Company and the work they do each and every day," said Karen Tuleta, Partner at MPE. "80/20 has a proven track record of excellence and we look forward to helping them achieve their next phase of growth."
Joe Machado, Partner at MPE, added "The goal of our partnership is to accentuate their brand, capabilities, product offering, and customer and distributor relationships to further the momentum and cement 80/20's position as the industry leader."
Founded by entrepreneur Don Wood in 1989, 80/20 Inc. develops and facilitates multifunction building systems to construct virtually anything that can be used anywhere. With a catalog of over 8,500 innovative products, 80/20 Inc. provides solutions for automation, machine frames, enclosures, displays, workstations, and more.
"This is an incredible opportunity for 80/20. With MPE's investment we have access to financial and operational resources that will propel us to be an even better partner to our customers and distributors while we carry Don Wood's legacy forward," said Patrick Buesching, President and CEO, 80/20 Inc. "80/20 was founded on the belief that we should always strive for improvement and find opportunities to evolve and become even better so we can do more for our customers. This is the next step on the path to achieving more."
Antares, Churchill Asset Management, and Manulife Investment Management provided financing to support the transaction. BakerHostetler served as legal counsel for MPE Partners. Terms of the transaction were not disclosed.