News
NEX Solutions has been recognized as one of the 2010 “Michigan 50 Companies to Watch”
MIDLAND, Michigan (May 7, 2010)
LV2 Equity Partners, a Midland based private equity group, is pleased to announce that NEX Solutions has been recognized as one of the 2010 “Michigan 50 Companies to Watch”. NEX was honored in an awards ceremony on April 29th in Lansing, sponsored by the Edward Lowe Foundation and presented by the Michigan Celebrates Small Business. Winners were selected by Michigan-based judges from the banking, economic development, entrepreneurship development and venture capital communities.
Companies making this list are a remarkable group of second-stage businesses. Defined as having 6 to 99 full-time employees and generating $750,000 to $50 million in annual revenue, these companies form the back-bone of Michigan’s economy. Representing all regions of the state and a diverse range of industries, companies like NEX Solutions are known for their exceptional entrepreneurial leadership, use of innovation in creative ways, and their sustainable competitive advantage.
About NEX Solutions
NEX Solutions is a leading provider of custom steel fabrication, welding and powder coating services – specializing in large components and assemblies that require a high degree of structural integrity. NEX is an ISO 9001:2008 registered company and has developed extensive quality systems and processes to better serve customers. For more information, please visit their website at www.nexsolutions.com.
About LV2 Equity Partners
LLC LV2 Equity Partners is a private equity group based in Midland, MI, focused on investing in small to lower middle market companies ($3–30 million in sales). LV2’s strategy is to partner with solid management teams in niche manufacturing segments that possess strong prospects for growth. LV2 provides capital, operational and financial expertise, and strategic vision to support and complement the management teams within its family of portfolio companies.
Contact:
Michael J. Flint
LV2 Equity Partners
Senior Managing Director
mjflint@LV2partners.com
(989) 430-9325
LV2 Equity Partners, LLC completes its third investment
BATAVIA, Illinois (February 1, 2010) - LV2 Equity Partners is pleased to announce they have completed the acquisition of Watlow Batavia, Inc. The company will be renamed Cast Aluminum Solutions, LLC (“CAS”), a wholly owned entity of LV2 Aluminum Castings, LLC, which was formed to purchase the assets of Watlow Batavia. The existing management team, led by Liem McDonough (COO) and Linda Kelleher (CFO), will stay in place and continue to lead the business going forward. As the newest addition to its family of investments, LV2 Equity Partners will provide leadership and strategic management services to CAS going forward. “We feel that CAS is a terrific company with great people and capabilities. Our focus will be on providing exceptional service to our customers and remaining their supplier of choice,” stated Mike Flint, Senior Managing Director of LV2 Equity Partners.
Cast Aluminum Solutions is located in Batavia, IL (a western suburb of Chicago). For 20+ years, its predecessor company has been a market leader in the engineering and manufacturing of aluminum “cast-in” heating products for the food service, semiconductor, medical, and aerospace industries, as well as for an array of other custom industrial applications. Under the ownership of LV2, CAS will continue to focus its efforts on being the provider of choice for “cast-in” heating solutions, as well as expand its engineering and production capabilities into an array of non-thermal applications. Please visit our new website at www.castaluminumsolutions.com for further information.
About LV2 Equity Partners, LLC
LV2 Equity Partners is a private equity group focused on investing in small to lower middle market companies ($3–30 million in sales). LV2’s strategy is to partner with solid management teams in niche manufacturing segments that possess strong prospects for growth. LV2 provides capital, operational and financial expertise, and strategic vision to support and complement the management teams within its family of portfolio companies. Please visit our website at www.LV2partners.com for further information.
Contact:
John C. Pollock
LV2 Equity Partners Managing Director
jcpollock@LV2partners.com
(616) 540-2606
2009 TMA Western Michigan Board of Directors
Turnaround Management Association (TMA) Western Michigan Chapter is pleased to announce its 2009 Board of Directors:
President, John Pollock of LV2 Equity Partners, LLC
Vice President, Bob Wolford of Miller Johnson
Treasurer, David Distel of O'Keefe & Associates Consulting, LLC
Secretary, Mike Sheehan of Comerica Bank
Membership Director, Doug Wilterdink of DW Associates, LLC
Program Director, George Laidlaw of Hilco Industrial, LLC
The Turnaround Management Association is the only international non-profit association dedicated to corporate renewal and turnaround management. With international headquarters in Chicago, TMA has nearly 9,000 members in 45 regional chapters who comprise a professional community of turnaround practitioners, attorneys, accountants, investors, lenders, venture capitalists, appraisers, liquidators, executive recruiters and consultants. For more information regarding the TMA Western Michigan Chapter's future meetings and speakers please visit our website at: www.turnaround.org.
View MiBiz article "Buying During Uncertainty" featuring John Pollock, Managing Director of LV2 Equity Partners, LLC., March 2, 2009
(PDF format)
John Pollock joins firm as a Managing Director
Grand Rapids, MI
November 24, 2008
LV2 Equity Partners, LLC is pleased to announce that John Pollock has joined the firm as a Managing Director. As an eighteen year veteran of the banking industry, he brings business development and credit underwriting expertise to LV2. John will be responsible for sourcing investment opportunities, assisting in the financing and capital structuring of transactions, and continuing to grow our investor base.
About LV2 Equity Partners, LLC
LV2 Equity Partners is an operationally focused 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.lv2partners.com.
Contact Information:
John C. Pollock
Managing Director
LV2 Equity Partners, LLC
112 Pearson Court
Lowell, Michigan 49331
616-540-2606 (phone)
jcpollock@LV2partners.com
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)
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