FLAGSTAFF, Ariz., Nov. 22, 2011 /PRNewswire-iReach/ -- Machine Solutions Inc. (MSI) today announced that it has partnered with Forsyth Capital Investors, LLC, an investment firm targeting long-term investments in niche capital equipment companies serving the manufacturing sector. Forsyth Capital has established a majority investment in this partnership while maintaining the existing senior management team (Daniel Kasprzyk and Thomas Motsenbocker) of Machine Solutions Inc. to recapitalize the company and accelerate its numerous domestic and emerging market growth initiatives. Machine Solutions Inc. is a global supplier of process and testing solutions to the medical device industry.
"MSI's first-class technology, global footprint and leadership team make it an ideal opportunity for Forsyth Capital in our core sector of capital equipment. The team and technology that Dan and Tom have built is extremely impressive and we are honored they chose us as their partners to take MSI to the next level," said Ryan Gable, managing director and co-founder, Forsyth Capital Investors, LLC. "We look forward to the partnership and applying the resources that Forsyth Capital provides through our relationship with Barry-Wehmiller to continue the strong history and growth of MSI."
"The partnership with Forsyth Capital signals our next step in completing our mission to become the global leader in providing automated process and test equipment to the medical device industry while rewarding the numerous individual contributors who have guided us over the past decade," said Daniel Kasprzyk, chief executive officer, Machine Solutions Inc. "We are flattered, excited, and extremely motivated as an organization to work with the group at Forsyth Capital and the several thousand employees at Barry-Wehmiller. The business footprint we have established in the Flagstaff, Arizona community will continue to expand with our new partners keen focus on M&A activity."
About Machine Solutions Inc.
Machine Solutions Inc. was founded with the mission of providing innovative and effective proprietary mechanical solutions to a variety of complex process, testing and device design challenges. MSI has been instrumental in automating manual processes within catheter and stent manufacturing operations and within the medical device industry. For more information, visit www.machinesolutions.com.
About Forsyth Capital Investors, LLC
Founded in 2009, Forsyth Capital Investors is a St. Louis-based investment firm focused on making long-term investments in middle-market companies operating in the manufacturing and insurance services sectors. Forsyth Capital's investment approach offers a balanced blend of private equity fundamentals and significant operational expertise made possible by its strategic relationship with Barry-Wehmiller Companies, Inc., a diversified capital equipment manufacturer. Because of its unique relationship with an active operating company, Forsyth Capital Investors offers many of the value-added resources of a strategic partner, while maintaining the entrepreneurial spirit and autonomy of the portfolio company's leadership team. For more information, visit www.forsythcapital.com.
Media Contact: Jason Cronwall Machine Solutions Inc., (928) 556-3109, firstname.lastname@example.org
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|SOURCE Machine Solutions Inc.|
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