Canadian private equity firm Fulcrum Capital Partners has acquired an equity ownership position in Accucam Machining, a Cambridge, Ontario-based supplier of steel parts to heavy equipment makers in global material handling, agricultural and construction industries. No financial terms were disclosed. Fulcrum said it will partner with the company’s founders to support further growth initiatives. Established in 1987 and led by President Nick Eelhart, Accucam has production facilities at its Canadian headquarters and in Qingdao, China. It represents the seventh platform investment of Fulcrum Capital Partners V, which raised $344 million in 2015.
Fulcrum Capital Partners Acquires Equity Ownership Position in Accucam Machining
Toronto, Ontario (APRIL 9, 2018) Fulcrum Capital Partners (Fulcrum) is pleased to announce an investment in Accucam Machining (Accucam).
Based in Cambridge, Canada, Accucam Machining is a leading supplier of steel parts to heavy equipment OEMs in material handling, agricultural and construction industries around the world. Accucam provides design and engineering, machining, casting, assemblies, paint and warehousing services through facilities in Cambridge, Canada and Qingdao, China.
Fulcrum has partnered with Accucam’s founders to support further growth initiatives. The investment was made by Fulcrum Capital’s Private Equity Fund V. Accucam marks the seventh platform investment made from Fund V, which closed in July 2015.
About Fulcrum Capital Partners
Fulcrum Capital Partners is an independent private equity firm focused on the Canadian middle market. Fulcrum has invested more than $750 million over the past two decades and is currently investing from its fifth private equity fund with $350 million in committed capital.
Fulcrum has helped build and grow more than 45 platform companies by providing strategic, operational, financial and M&A expertise. Fulcrum maintains a national presence with multiple offices across Canada. Visit our website to learn more.
For more information, please contact:
Fulcrum Capital Partners
Photo courtesy of Accucam Machining