Michelli Acquires American Scale to Expand Midwest Operations
Deal News | Nov 13, 2024 | Summit Park Partners LLC
Michelli Weighing & Measurement, a portfolio company of Summit Park, has completed the acquisition of American Scale, LLC, thereby expanding its operations into Kentucky and Indiana. Founded in 1985, American Scale is known for its industrial weighing services, including equipment installation, maintenance, repair, test and calibration, and sales and rental services. The acquisition aims to enhance Michelli's nationwide service capabilities and represents their fourth acquisition since partnering with Summit Park in 2023. The acquisition aligns with Michelli's strategic goal to broaden its services, particularly in precision measurement equipment calibration. Both companies share a commitment to high-quality service, which is expected to prove advantageous for their diverse customer base across several industries. The partnership strengthens Michelli’s presence in new markets and supports its ongoing mission to provide comprehensive nationwide services.
Sectors
- Industrial Weighing and Calibration Services
- Private Equity
Geography
- United States – The acquisition involves companies based in the U.S., with operations expanding specifically into Kentucky and Indiana.
Industry
- Industrial Weighing and Calibration Services – The article focuses on companies specializing in industrial weighing and calibration services, which are crucial for industries like agriculture, manufacturing, and food & beverage.
- Private Equity – Summit Park, a private equity firm, is involved in the acquisition, demonstrating the PE role in strategic expansions and recapitalizations.
Financials
- – The article did not disclose financial terms related to the acquisition.
Participants
| Name | Role | Type | Description |
|---|---|---|---|
| Michelli Weighing & Measurement | Acquiring Company | Company | A calibration services business headquartered in New Orleans, providing weighing and measurement solutions across various industries. |
| American Scale, LLC | Target Company | Company | A provider of industrial weighing services and equipment, with a strong presence in Kentucky and Indiana. |
| Summit Park | Private Equity Firm | Company | The private equity firm backing Michelli, facilitating the acquisition and strategic expansion. |
| Bobby Feigler | CEO of Michelli | Person | CEO leading Michelli's strategic acquisitions and expansions. |
| Danny Coyle | President of American Scale | Person | President of the acquired company, American Scale. |
| Andrew Gilbert | Partner at Summit Park | Person | A partner at Summit Park involved in the strategic partnership and acquisition processes. |