Rift Valley Equity Partners Announces Acquisition of M&M Manufacturing
NEW YORK and TULSA, Okla., June 30, 2015 /PRNewswire/ -- Rift Valley Equity Partners, LLC ("Rift Valley"), a private investment firm based in New York, announced today that it has acquired the assets of M&M Manufacturing, Inc. through affiliated entity M&M Precision Components, LLC ("M&M" or the "Company"). Headquartered in Tulsa, Oklahoma, M&M is a leading manufacturer of precision machined components for aerospace, defense and industrial applications.
Founded in 2000 by Kenneth Statton, M&M provides precision machining and fabrication services to leading aerospace, defense and industrial companies. M&M's manufacturing capabilities include CNC milling and turning, assembly and inspection as well as value-added services such as programming, modeling and tooling. M&M maintains AS9100 Rev. C and ISO 9001 certifications.
Rift Valley's acquisition of M&M represents its second aerospace & defense platform investment following the acquisition of Crow Precision Components ("Crow") in 2014.
"M&M is an industry leading machine shop with an unparalleled reputation for providing the highest quality and exceptional service," said David Caputo, Managing Partner of Rift Valley. "We are thrilled to partner with Kenny and his team to continue to grow the business while maintaining our focus on delivering value to our customers."
"As a partner, Rift Valley brings a lot to the table," said Mr. Statton. "Through their successful partnership with Crow, Rift Valley has demonstrated a deep understanding of our industry. Together with Crow, we will be able to deliver enhanced capabilities to our customers, leveraging the significant resources provided by Rift Valley."
Rift Valley's investment in M&M was facilitated through its private investment fund. McDermott, Will & Emery LLP served as legal counsel to Rift Valley.
About Rift Valley
Rift Valley is a middle market private investment firm with a focus on the consumer products & services, retail and industrial products & services sectors. Rift Valley has a long-term investment horizon, with a strategy centered on growing businesses and building value over time. Rift Valley's partners collectively have over 40 years of professional experience in the fields of investment banking, principal investing and corporate law. For more information please visit www.riftvalleyequity.com.
About M&M
M&M provides precision machining and fabrication services to leading aerospace, defense and industrial companies. M&M's manufacturing capabilities include CNC milling and turning, assembly and inspection as well as value-added services such as programming, modeling and tooling. Founded in 2000, M&M operates out of a 50,000 sqft facility located in Tulsa, OK. For more information please visit www.mm-mfg.com.
Press Inquiries:
Rift Valley Equity Partners, LLC
7 World Trade Center
250 Greenwich St., 46th Floor
New York, NY 10007
Tel: 212-266-0131
Email: [email protected]
SOURCE Rift Valley Equity Partners, LLC
Related Links
http://www.riftvalleyequity.com
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