LV2 Equity Partners is pleased to announce they have completed the acquisition of Watlow Batavia, Inc. The company will be renamed Cast Aluminum Solutions, LLC (“CAS”), a wholly owned entity of LV2 Aluminum Castings, LLC, which was formed to purchase the assets of Watlow Batavia. The existing management team, led by Liem McDonough (COO) and Linda Kelleher (CFO), will stay in place and continue to lead the business going forward. As the newest addition to its family of investments, LV2 Equity Partners will provide leadership and strategic management services to CAS going forward. “We feel that CAS is a terrific company with great people and capabilities. Our focus will be on providing exceptional service to our customers and remaining their supplier of choice,” stated Mike Flint, Senior Managing Director of LV2 Equity Partners.
Cast Aluminum Solutions is located in Batavia, IL (a western suburb of Chicago). For 20+ years, its predecessor company has been a market leader in the engineering and manufacturing of aluminum “cast-in” heating products for the food service, semiconductor, medical, and aerospace industries, as well as for an array of other custom industrial applications. Under the ownership of LV2, CAS will continue to focus its efforts on being the provider of choice for “cast-in” heating solutions, as well as expand its engineering and production capabilities into an array of non-thermal applications. Please visit our new website at www.castaluminumsolutions.com for further information.
About LV2 Equity Partners, LLC
LV2 Equity Partners is a private equity group focused on investing in small to lower middle market companies ($3–30 million in sales). LV2’s strategy is to partner with solid management teams in niche manufacturing segments that possess strong prospects for growth. LV2 provides capital, operational and financial expertise, and strategic vision to support and complement the management teams within its family of portfolio companies. Please visit our website at www.LV2partners.com for further information.
Contact:
John C. Pollock
LV2 Equity Partners Managing Director
jcpollock@LV2partners.com
(616) 540-2606
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