Private Equity Firm Industrial Services

CW Industrial Partners

Cleveland, Ohio, United States

Formerly known as CW Industrial Partners, Capital Works, CapitalWorks

Midwestern private equity firm that partners with entrepreneurs and management teams to acquire and scale lower middle-market companies in niche manufacturing and business services. Founded in 1999 and based in Cleveland, Ohio; investors participate in an investor partnership model.

Focus Areas
Niche manufacturing, Business services, Value-added distribution

Tracked deals

6

6 tracked deals across 2015-2021.

Recent pace

0

0 tracked deals announced in the last 12 months.

Deal mix

Buyout

4 buyout · 2 addon

CW Industrial Partners Acquisition Volume by Year

Last 3 years

Acquisition volume by year Annual acquisition counts for the last 3 years for CW Industrial Partners. 2 2019 2 2020 1 2021

Supporting Data

Recent Transactions

  • Buyer
    CapitalWorks, LLC
    Target
    Safe-Way Garage Doors, LLC
    Seller
    Brixey & Meyer Capital
    Type
    Buyout

    Cleveland-based private equity firm CapitalWorks, LLC has acquired Safe-Way Garage Doors, LLC from Brixey & Meyer Capital. Safe-Way, a Warsaw, Indiana–headquartered manufacturer and distributor of residential, commercial and industrial overhead garage doors with distribution centers in Tennessee and Missouri, will become a CapitalWorks platform investment to support continued growth and operational improvements.

  • Buyer
    CapitalWorks
    Target
    Electromechanical Research Laboratories, Inc. (ERL), Law Valve of Texas
    Type
    Buyout

    Cleveland-based private equity firm CapitalWorks completed a majority investment in Electromechanical Research Laboratories, Inc. (ERL) of New Albany, Indiana, alongside ERL President and CEO Stephen Wilkins and the ERL management team. ERL is a long-established manufacturer and repair-service provider of pumps, valves, gauging and overfill protection for the inland marine (tank barge) and rail markets; the deal includes ERL’s subsidiary Law Valve of Texas, a Houston-area on-barge repair and support business.

  • Buyer
    Libra Industries, CapitalWorks
    Target
    Benchmark Electronics (Guaymas facility)
    Seller
    Benchmark Electronics, Inc.
    Industry
    Manufacturing
    Location
    Sonora, Mexico
    Type
    Addon

    CapitalWorks' portfolio company Libra Industries has acquired Benchmark Electronics' contract manufacturing facility in Guaymas, Sonora, Mexico. The acquisition adds sheet metal, machining, complex assembly and systems-integration capabilities to Libra's existing operations (Ohio and Texas), enhancing its technical capabilities to serve aerospace & defense, medical, semiconductor and industrial customers; terms were not disclosed.

  • Buyer
    CapitalWorks, LLC, CapitalWorks Fund IV, L.P.
    Target
    Essco
    Seller
    Cardinal Equity Partners
    Type
    Buyout

    CapitalWorks, through its Fund IV vehicle, acquired Essco, a leading U.S. value-added distributor of floorcare products, from Cardinal Equity Partners. Terms were not disclosed; CapitalWorks said it will accelerate Essco's growth by enhancing product offerings and e-commerce capabilities (Dan Sustar to join the advisory board) with senior financing provided by First Commonwealth Bank.

  • Buyer
    CapitalWorks, LLC
    Target
    Libra Industries, Inc.
    Seller
    Howell family (shareholders)
    Industry
    Manufacturing
    Type
    Addon

    CapitalWorks, LLC, a Cleveland-based private equity firm, has acquired Libra Industries, Inc., a Mentor, Ohio-based electronics manufacturing services (EMS) provider. The acquisition positions Libra to complement CapitalWorks' existing portfolio company GEMCITY Engineering and Manufacturing and expand capabilities in PCB assembly and electromechanical manufacturing for medical, aerospace & defense, and industrial end markets.

  • Buyer
    CapitalWorks, LLC
    Target
    Bancsource, Inc.
    Type
    Buyout

    Cleveland private equity firm CapitalWorks, LLC has acquired a majority ownership stake in Bancsource, Inc., a Republic, Missouri-based provider of ATM and cash-cycle equipment sales and maintenance services to banks and retailers. CapitalWorks said it plans to invest in and grow Bancsource while Bancsource's existing leadership will remain active in management.

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