WILMINGTON, OH - February 18, 2005 – AddisonMckee, a global leader
in the manufacture of CNC tube benders, tube end formers and precision
tooling, announced today that it has been acquired by a group of
investors led by WHI Capital Partners (WHICP).
With
manufacturing facilities in Wilmington, Ohio and Preston, England,
AddisonMckee is the industry leader in providing tube manipulation
equipment, tooling, and integrated process solutions. With over 270
employees worldwide, the Company serves primarily automotive,
aerospace, furniture and ship building market segments and is
differentiated by its high level of customer support services.
“As
a management team we have completely embraced this transaction as it
paves the way for the accelerated growth of our organization,” states
John Brown, Managing Director. Company President Joe Eramo added, “the
additional resources of WHICP will assist further in the globalization
and expansion of our products and services to address the future needs
of our customers around the world.”
WHICP is a
Chicago-based private equity group that invests in middle market,
industry-leading companies with solid financial fundamentals and proven
management teams. WHICP is an affiliate of William Harris Investors,
Inc., a family-based asset management firm founded by Irving B. Harris
in 1987.
Contact Information:
John Brown Joe Eramo Eric Cohen
Managing Director President Managing Partner
AddisonMckee, Ltd. AddisonMckee, Inc. WHI Capital Partners
188 Bradkirk Place 2695 S.R. 73 South 191 N. Wacker Drive
Walton Summit, Wilmington, OH 45177 Chicago, IL 60606
Bamber Bridge,Suite 1500 Tel: 937-382-4490 Tel: 312-604-7901
Preston, England PR5 8AJ www.addisonmckee.com
Tel: 44(0)1772-334511