COLUMBIA CITY — A private equity firm has completed the sale of a Columbia City-based manufacturing company specializing in modular framing systems used across automation and industrial applications.
MPE Partners announced Tuesday, Feb. 3 that it finalized the sale of 80/20 to Connecticut-based investment firm Littlejohn & Co. Financial terms of the transaction were not disclosed.
Doug Waldal, CEO of of 80/20 said, “MPE has been a highly strategic and supportive partner as 80/20 scaled its operations, expanded its commercial organization, accelerated performance across our channels, and completed its first-ever acquisition. Together, we have positioned 80/20 for its next chapter while preserving the culture of innovation and customer focus that has defined the Company since inception.”…