Nelson Global Products, which is backed by Chicago-based private equity firm Wind Point Partners, has acquired the assets of Morton Industries and its affiliate Bradley Services. Nelson is a designer and manufacturer of exhaust components and tubes used in emissions, coolant, heating, air intake and exhaust handling applications. Morton Industries is a provider of tube assemblies and machined components to the off-road market. Terms of the acquisition were not released.
Chicago, IL, August 1, 2011 – Nelson Global Products, a portfolio company of Chicago-based private equity investment firm Wind Point Partners, today announced that it has acquired the assets of Morton Industries and its affiliate Bradley Services.
Nelson Global Products, formerly known as Global Tube, is a designer and manufacturer of exhaust components and tubes used in emissions, coolant, heating, air intake and exhaust handling applications for medium and heavy duty trucks and off-road vehicles, with operations in Illinois, Indiana, Tennessee, Wisconsin, China, India and Australia.
Morton Industries is a provider of tube assemblies and machined components to the off-road market. Morton Industries will continue to serve customers under the leadership of its current President, Chris Ober, and his experienced management team. It is Nelson Global Products’ second acquisition this year. Nelson acquired the exhaust business of Cummins Inc. (NYSE: CMI) in April.
Michael Nelson, a Wind Point managing director, stated “The Morton acquisition is an excellent fit for our value creation plan. It brings new customers to Nelson Global Products, enhances our existing customer relationships and diversifies the product offerings. We believe the acquisition is a great value for our customers, due to Nelson’s increased capacity.”
Wind Point formed Nelson Global Products in partnership with CEO Tom Gosnell, a 30-year veteran of the commercial vehicles industry. Tom previously served as President of ArvinMeritor’s $4 billion Commercial Vehicle Systems Group.
“This is an exciting opportunity to expand Nelson Global Products’ service and product offerings, as well as to bring Morton’s accomplished management team to our business,” Tom commented. “With Morton Industries’ expertise and strong customer relationships, Nelson Global Products is positioned to continue capitalizing on the strong growth of the commercial vehicles market and exceeding the expectations of our customers.”
Reed Smith LLP acted as the exclusive legal advisor to Wind Point Partners.
About Wind Point Partners
Wind Point Partners is a private equity investment firm that manages commitments of approximately $2.5 billion. Wind Point focuses on partnering with top caliber CEOs to acquire middle market businesses where we can establish a clear path to value creation. Additional information about Wind Point is available at www.windpointpartners.com.
About Nelson Global Products
Nelson Global Products, headquartered in Stoughton, Wisconsin, is a leading designer and manufacturer of exhaust components and tubes used in emissions, coolant, heating, air intake and exhaust handling applications for heavy and medium duty trucks and off-road vehicles. The company utilizes a unique, specialized manufacturing process that permits complex manufacturing of very large diameter tubes. Nelson Global Products has a strong reputation for flexible manufacturing capabilities and on-time delivery.
About Morton Industries
Founded in 1946, Morton Industries has steadily grown to become a leader to original equipment manufacturers of machined, tubular and assembled product. Morton Industries provides precision machining of complex components, tubular fabrication, difficult sub-assembly and assembly, design and build of tooling and fixturing, all for leading global manufacturers. Morton Industries combines state-of-the-art equipment and facility with a progressive and dedicated workforce to provide exceptional quality and service to all of our customers. More information on Morton Industries can be found at www.mortonind.com.