Iowa Spring Acquires Northeast Spring
September 15, 2023
Iowa Spring, a family-owned precision spring manufacturer based in Adel, Iowa, acquired Northeast Spring of Reading, Pennsylvania, with the deal closing on September 15, 2023. The acquisition adds Northeast Spring’s Reading and Villa Rica, Georgia facilities to Iowa Spring’s group, expanding manufacturing capacity and locations while founder John O’Leary will remain for three years to support the transition.
- Buyers
- Iowa Spring
- Targets
- Northeast Spring
- Sellers
- John O'Leary / Northeast Spring owners
- Industry
- Manufacturing
- Location
- Pennsylvania, United States
- Transaction Type
- Buyout
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