08 Feb Gardner Standard Exits Mid Valley Industries
BROOKLYN, NY / February 8, 2024 — Gardner Standard LLC today announced the sale of Mid Valley Industries, LLC (“MVI”) to an affiliate of Manitowoc Tool & Machining (“MTM”), a portfolio company of Summit Equity Group and Midwest Growth Partners.
Founded in 1996 and based in Kaukauna, Wisconsin, MVI is a leading contract manufacturer of precision wear parts used in heavy industrial equipment applications, where reliability is critical and the cost of downtime is significant. MVI’s production capabilities, quality control, and excellent customer service have led to deep, long-term customer relationships with leading industrial OEMs, with a particular focus on MVI’s large turning and milling capabilities.
Led by President & General Manager Kerri Hooyman and Director of Manufacturing Dan Behnke, MVI attracts talented machinists seeking an environment that focuses on expanding manufacturing capabilities and continuously improving its processes.
“We are excited to join forces with the MTM family of companies and will continue to provide our customers with high-quality machined parts, delivered on-time. I’m thankful to the Gardner Standard team both for giving me the opportunity to lead MVI and for its guidance and support over the past nine years.”
Kerri Hooyman, President & General Manager
Mid valley Industries
“MVI is a unique company that delivers high-quality, complex parts to leading OEMs and is well-positioned for future growth as part of the MTM group of companies. Kerri and Dan have built an all-star team of machinists that consistently produce difficult-to-make parts with exceptional quality. I am excited to see what the MVI team accomplishes in the years ahead,” added Michael Healy, President & CEO of Gardner Standard.
Gardner Standard acquired MVI in March 2015 in partnership with the Accelity Group, a Milwaukee-based investor group, and an experienced owner-operator of manufacturing businesses.
Terms of the transaction were not disclosed.
About Mid Valley Industries
Founded in 1996 and based in Kaukauna, Wisconsin, MVI is a leading contract manufacturer of precision wear parts used in heavy industrial equipment applications, where reliability is critical and the cost of downtime is significant. MVI’s production capabilities, quality control, and excellent customer service have led to deep, long-term customer relationships with leading industrial OEMs, with a particular focus on MVI’s large turning and milling capabilities.
For more information, please visit www.mvii.com.
About Gardner Standard
Gardner Standard is a private investment firm that invests in lower middle-market companies and traces its origin to a Minnesota-based, family-run business founded in 1884. Gardner Standard considers investments in a wide variety of market segments, including manufacturing, aerospace & defense, industrial services and engineered industrial products. The fundamentals of a business, particularly its growth prospects and competitive position, are Gardner Standard’s focus rather than a specific market segment. In addition to traditional private equity investments, Gardner Standard targets opportunistic investments in high-quality operating businesses with low-quality balance sheets or operational challenges.
For more information, please visit www.gardnerstandard.com.