New York, NY (February 3, 2014) – Capewell Components Company, LLC (the “Company”), a portfolio company of New York-based Meriwether Capital, LLC, has been acquired by CapitalWorks LLC of Cleveland, OH. Sperry, Mitchell & Company initiated this transaction, assisted in the negotiations, and served as exclusive financial advisor to Capewell Components Company.
Capewell Components Company, LLC (www.capewellcorp.com) is a leading designer and manufacturer of specialized industrial, commercial and military components and tools. The Company offers some of the most comprehensive engineered product lines in its respective markets, with a growing portfolio of over 2,800 branded products. Founded in 1881, the Company has locations in the U.S., China, and Europe. Capewell Components Company operates under three divisions:
The Capewell division (www.capewell.com) engages in the design and manufacture of aerial delivery and life support systems for the aerospace and defense industry.
The M.H. Rhodes Cramer division (www.mhrhodes.com) operates as a designer and manufacturer of quality electrical and mechanical timers and motors for commercial and industrial customers.
The Ripley division (www.ripley-tools.com) is recognized as a leading designer and manufacturer of cable preparation hand tools for the CATV, Telecom, Fiber Optic, and Electrical Transmission & Distribution markets.
CapitalWorks LLC (www.capitalworks.net) is a private equity firm focused on investments in well-run profitable lower middle-market companies. The firm provides management teams with the capital and support needed to grow their businesses.
Meriwether Capital, LLC (www.meriwethercapital.net) is a private investment firm based in New York City backed by members of the Rockefeller family. The firm was founded in 1976 to acquire middle-market manufacturing, distribution, and service companies for long-term investment. Capewell Components Company had been owned by Meriwether since 1981.
Sperry, Mitchell & Company, Inc. (www.sperrymitchell.com) is an investment banking firm specializing in middle-market merger and acquisition advisory services. Since the firm’s founding in 1986, Sperry Mitchell has completed hundreds of transactions in a wide range of industries, with values ranging from $10 to $450 million.
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