News
LV2 Equity Partners Announces Investment in Newco Industries
Midland, Michigan,
November 12, 2007
LV2 Equity Partners, LLC is pleased to announce that it made a significant investment in Newco Industries, LLC (“Newco”) at the end of October. Newco is located in Litchfield, Michigan and is an ISO9001:2000 certified, full service metal fabrication and powder coating company. Newco supplies fabricated steel assemblies to customers that include manufacturers of military vehicles, spas and hot tubs, material handling systems and chassis’ for recreational vehicles and fire trucks.
Michael J. Flint, Managing Director of LV2 Equity Partners, stated, “We were first attracted to Newco because of their commitment to customer satisfaction exhibited by the owners Kevin Grossman and Rodney Norris. In our review of Newco we felt that the company is well positioned for growth and we’re excited to partner with Kevin and Rodney to support that growth.”
“LV2 brings a tremendous amount of expertise to Newco and I feel very comfortable working with them and know that they will be a great asset in improving our operations, maintaining our low cost position, and growing the company,” added Kevin Grossman, General Manager of Newco.
About LV2 Equity Partners, LLC
LV2 Equity Partners is a private equity firm investing in small to lower middle market companies. Typical investments are with companies in the range of $3 million to $30 million in annual revenues. LV2’s strategy is to partner with solid management teams in niche manufacturing, specialty service and value-added distribution companies that have strong prospects for growth. LV2 provides capital, financial and operational expertise and strategic vision to support and compliment the management teams of each company. More information on LV2 Equity Partners can be found at www.LV2 partners.com.
Contact Information:
Michael J. Flint
Managing Director
LV2 Equity Partners, LLC
2419 Ravenwood Drive
Midland, Michigan 48642
989-631-2687 (office)
989-430-9325 (cell)
|
