Cyprium Partners has sold its investment in Ridgway, Pennsylvania-based Alpha Sintered Metals, Inc., a maker of high-precision powder metal components. Management and O2 Investment Partners are buying Cyprium’s stake in the business. Stout Risius Ross advised Cyprium on the sale.
Cyprium Partners (Cyprium), a private equity firm focused on making non-control investments, announced today an exit from its investment in Alpha Sintered Metals, Inc. (ASM), through a sale of the company to management and O2 Investment Partners, LLC. Headquartered in Ridgway, Pennsylvania, ASM is a premier manufacturer of high-precision powder metal components for the automotive, small engine, recreational vehicle, lawn and garden, commercial vehicle and agricultural equipment industries.
“We team with management to assist with organic growth, acquisitions and operational improvements in order to position our companies to withstand a changing marketplace and to take advantage of growth opportunities. We wish the ASM team much success as they start the next chapter in the company’s history.”
In addition to its original subordinated debt and equity position, Cyprium invested additional capital in ASM to allow the company to establish off-shore manufacturing operations as well as to facilitate the acquisition of a competitor in the stainless steel exhaust and turbocharger components market.
“ASM has been a prime example of the type of initiatives we pursue with our portfolio companies,” said Leland Lewis, a Managing Partner at Cyprium. “We team with management to assist with organic growth, acquisitions and operational improvements in order to position our companies to withstand a changing marketplace and to take advantage of growth opportunities. We wish the ASM team much success as they start the next chapter in the company’s history.”
Stout Risius Ross (SRR) was retained by Cyprium and the company to lead the ASM sale process.
About Cyprium Partners
Cyprium Partners is a private equity firm focused on making non-control (minority ownership) investments. Cyprium utilizes a combination of subordinated debt, preferred stock and/or common stock to enable privately-held businesses, entrepreneurs and management teams to achieve their financial and/or strategic objectives. With offices in Cleveland, New York and Chicago, the firm invests $10 million to $60 million per transaction in U.S. and Canadian companies that have $10 million or more of EBITDA. Learn more about Cyprium Partners at www.cyprium.com.Get your FREE trial or subscribe now to Buyouts to find new deal opportunities, super-charge your fundraising efforts and track top managers.