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O2 Investment Partners picks up Alpha Sintered Metals from Cyprium Partners

24 Jan 2014

US Midwest-based private equity firm O2 Investment Partners has acquired Alpha Sintered Metals, a manufacturer of high-precision powdered metal components, from Cyprium Partners.

The investment was made alongside the company’s management team. Alpha’s powdered metal components and assemblies are used in the automotive, small engine, recreational vehicle, lawn & garden, commercial vehicle, and agricultural equipment industries. It employs 265 people and supplies products globally from manufacturing locations in Ridgway, Pennsylvania and Yizheng, China.

Jay Hansen, president and managing partner of O2 Investment Partners, said, “We are very pleased with our investment in Alpha Sintered Metals and its employees. The vision that JoAnne and the management team have developed for this business is truly exciting and we look forward to supporting the Alpha team in achieving the plan.

“Alpha Sintered Metals has the right combination of a talented and experienced workforce, efficient engineering and manufacturing processes, blue chip customer base, and diversified market opportunities to be extremely competitive in its niche within the powdered metal component manufacturing market, which we expect to present significant growth opportunities in the years ahead. We also view Alpha as an exciting platform for developing or acquiring additional businesses in the powdered metal component sectors and are actively seeking add-on acquisitions. With this team and the support of our financial partners, Huntington Bank and Northcreek Mezzanine, we are very optimistic about realizing these growth opportunities.”

O2 Investment Partners targets small and mid-market manufacturing, niche distribution, and select service and technology businesses, while Cyprium makes non-control investments in the US mid-market.

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