Master Automatic Machine Company, Inc. has been sold to MacLean-Fogg Component Solutions, LLC.
Southfield, MI – CFI USA (P&M Corporate Finance, LLC) is pleased to announce that it served as the exclusive financial advisor to Master Automatic Machine Company, Inc. in its sale to MacLean-Fogg Component Solutions, LLC.
Master Automatic Machine Company, Inc. is a premier supplier of precision machined components and assemblies to a diverse set of OEM and Tier I automotive customers. The Company supplies a broad range of highly critical transmission, powertrain, steering components, and other automotive applications.
MacLean-Fogg Component Solutions (operating as part of the MacLean-Fogg family of companies) is a supplier of fastener components, engineered components, and engineered plastics serving many diverse industries.
MacLean-Fogg Company is a global enterprise with 26 global manufacturing facilities, annual sales in excess of $1 billion, and a worldwide workforce of more than 3,200 people. MacLean-Fogg is a privately held enterprise headquartered in Mundelein, IL USA. MacLean-Fogg is comprised of two primary businesses, MacLean-Fogg Component Solutions and MacLean Power Systems.
MacLean-Fogg Component Solutions (MFCS) acquired a majority stake in Master Automatic to form a joint venture with the MFCS Engineered Solutions Group of companies. PMCF served as exclusive financial advisor to Master Automatic Machine Company, Inc.
The transaction closed on 29 December 2020.
Related
Our latest transactions
Business Services
has been acquired by
Transaction details
Hydrographic and geological surveys provider Clinton Marine Survey welcomes Sobro as its new ownership partner
Business Services
has been acquired by
Transaction details
Swedish HR and staffing expert Prodea has been acquired by Consolid
Food & Beverage & Agribusiness
have acquired
Transaction details
French bakery group Occipain (La Panetière) has been acquired by Arterris, UI Investissement and Crédit Mutuel Equity to fuel the next stage of its growth