Gen Cap exits L.W. Allen

Gen Cap America has sold L.W. Allen to SJE Inc, which is backed by Audax Group.

Gen Cap America has sold L.W. Allen to SJE Inc, which is backed by Audax Group. No financial terms were disclosed. Based in Madison, Wisconsin, L.W. Allen is a provider of water and wastewater control systems and treatment pump systems to municipal and industrial customers.

PRESS RELEASE

Nashville, Tenn., August 5, 2021 – Gen Cap America, Inc. (“Gen Cap”), a private equity firm focused on lower middle market buyouts, announced today that it has sold L.W. Allen, Inc. (“L.W. Allen”) to SJE, Inc. (“SJE”), a portfolio company of Audax Group. Terms of the transaction were not disclosed.

L.W. Allen designs, manufactures, distributes and installs water and wastewater control systems and treatment pump systems to municipal and industrial customers. The company’s electrical control solutions, marketed under the Altronex brand name, provide the hardware, software and services used by operators to control water and wastewater systems. L.W. Allen was founded in 1961 and is headquartered in Madison, Wisconsin.

Matt Lane, Managing Director at Gen Cap America, said, “We are pleased to complete the sale of L.W. Allen. During our ownership, we worked closely with the L.W. Allen team to drive operational improvements, invest in technological upgrades, and facilitate growth initiatives. We have sincerely enjoyed supporting the team and business since our initial investment in 2015, and we are confident that L.W. Allen will continue to prosper as a part of SJE.”

Jim Cook, President of L.W. Allen, commented, “We are gratified by how far L.W. Allen has come over the last several years, especially given the challenges of the last eighteen months, and we appreciate Gen Cap’s unwavering support and guidance on our growth and improvement initiatives. We look forward to joining the SJE family to continue our track record of success.”

SJE, based in Detroit Lakes, Minnesota, is a leading manufacturer of reliable, trouble-free control solutions that reflect quality, reliability, and functionality in the water, wastewater, and sewage industries.

About Gen Cap America
Gen Cap America, Inc. is a Nashville-based private equity firm that provides equity for management buyouts, division spinoffs, and recapitalizations of profitable, well-established lower middle market businesses. For more information, visit www.gencapamerica.com.

About L.W. Allen
L.W. Allen, based in Madison, Wisconsin is a leading manufacturer of water and wastewater control systems and distributor of industrial and heavy-duty pumps to municipal and industrial customers. For more information, visit www.lwallen.com.

About SJE
SJE, Inc., based in Detroit Lakes, Minnesota, is a leading manufacturer of reliable, trouble-free control solutions that reflect quality, reliability, and functionality in the water, wastewater, and sewage industries. For more information, visit www.sjeinc.com.