New York, NY (January 10, 2023) – Le Sueur Incorporated (“LSI”) of Le Sueur, MN, has been acquired by Delos Capital (“Delos”) of New York, NY, and The Silverfern Group (“Silverfern”) of Greenwich, CT. Sperry, Mitchell & Company initiated this transaction, assisted in negotiations and served as exclusive financial advisor to LSI. Ironwood Capital and Genesis Park provided debt and equity investments in support of the transaction.
“We are excited to partner with Silverfern and the management team of LSI, a leading provider of complex precision aluminum casting and plastic injection molding components,” said Michael Rakiter, Partner at Delos Capital. “We are honored to continue the legacy of a successful third-generation family-owned business created by the Mueller family.”
LSI Chief Executive Officer Dick Seidenstricker said, “We’re thrilled to be partnering with Delos and Silverfern to write the next chapter in LSI’s history. We look forward to the growth opportunities the partnership creates while maintaining the values and culture that has been the foundation of LSI’s success for the past 77 years.”
Silverfern Managing Director Deepak Ghosh added, “LSI is a leading manufacturer of specialized aluminum castings and injection molded plastics, serving global customers successfully over the past seventy-seven years. We look forward to partnering with the management team to grow the Company through a focus on technology and manufacturing excellence in partnership with its customers.”
Le Sueur Incorporated (www.lesueurinc.com) is a leading supplier of complex and pressure-tight aluminum castings and plastic injection molding components. LSI specializes in utilizing permanent mold, sand casting, die casting, plastic injection molding, and precision machining manufacturing processes, to provide its global customers with the most cost-effective method of manufacturing.
Delos Capital (www.deloscap.com) is a lower middle-market private equity firm specializing in management buyouts, recapitalizations, and growth investments.
The Silverfern Group (www.silfern.com) is a global middle-market investment management firm headquartered in Greenwich, CT.
Sperry, Mitchell & Company (www.sperrymitchell.com) is an investment banking firm specializing in sell-side, middle-market merger & 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 $20 to $500 million.
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