Genstar’s MW Industries Acquires Lifeline Products

MW Industries has completed the acquisition of Lifeline Products, a precision manufacturer serving the medical market. MW Industries is a portfolio company of Genstar Capital.

PRESS RELEASE

MW Industries announced today that it has completed the acquisition of Lifeline Products, Inc., a precision manufacturer serving the medical market. MW Industries is a portfolio company of Genstar Capital, a leading private equity firm.

Founded in 1976, LifeLine Products of Wallingford, CT is one of the leading OEM manufacturers of custom hypodermic needles, assemblies and related medical products. The company is ISO 9002 registered. Lifeline’s equipment and customers will be integrated into MW’s Economy Spring Division, based in Southington, Connecticut.

Bill Marcum, CEO of MW Industries, commented: “The integration of Lifeline into the MW family of products will be a key complementary business to our current precision manufactured products. Lifeline currently shares customers with our Economy division and we have identified significant growth opportunities that will create a stronger operation from a customer and manufacturing process perspective. We believe that Lifeline’s existing customers will greatly benefit from the operational excellence at Economy as we bring these two companies together.”

Mr. Marcum added that the company has completed 4 acquisitions in the last 18 months and is currently evaluating a number of additional strategic acquisitions from its robust pipeline.

About MW Industries
MW Industries, Inc., headquartered in Rosemont, Illinois, is a leading provider of highly engineered springs, specialty fasteners and other precision components to more than 23,000 customers. Its 40,000+ products are sold through a combination of direct sales, catalogs and distributors to original equipment manufacturers and aftermarket customers in a number of industries, including medical, aerospace, electronics, agriculture/construction, automotive replacement, energy and military.

About Genstar Capital, LLC
Genstar Capital is a leading private equity firm that has been actively investing in high quality companies for more than 20 years. Based in San Francisco, Genstar works in partnership with its management teams and its network of operating executives and strategic advisors to transform its portfolio companies into industry-leading businesses. Genstar has more than $3 billion of committed capital under management and targets investments focused on selected sectors within the life science, healthcare services, software and software services, financial services, and industrial technology industries.