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Maxcess will integrate Fives North American guiding into Fife Guiding business
OKLAHOMA CITY, OK, December 03, 2014 /24-7PressRelease/ -- Maxcess International, a global leader in innovative products and services for the web handling industry, has signed a purchase agreement to acquire the Guiding Systems Business from Fives North American Combustion, Inc. Headquartered in Cleveland, Ohio, the Fives North American Guiding Systems Business will integrate with Fife Guiding Systems, under the Bertram Capital-owned Maxcess.
"The acquisition of Fives North American Guiding and subsequent integration with Fife highlights our continued interest in market penetration," said Greg Jehlik, CEO of Maxcess. "Our focus is on expansion through organic growth, targeted product development and acquisition. Acquiring Fives provides Maxcess with an immediate extension of our guiding product range."
Fives North American Guiding has more than 50 years experience providing innovative technologies for the web handling industry.
"This acquisition is an ideal fit for our guiding business, strengthening our presence in the metals and tire and rubber industries," said Darren Irons, Global Product Manager for Fife Guiding. "Existing Fives North American Guiding customers will also benefit from the worldwide service and support that Maxcess' global footprint provides."
About Maxcess: Maxcess helps the web handling industry maximize productivity with convenient access to innovative products and services worldwide. By bringing together the leading brands of Webex, Fife, Tidland and MAGPOWR, Maxcess has built an unrivaled network of application experts with more than 200 years combined experience to help customers improve efficiency and production quality anywhere in the world.
About Fives: Fives North American Guiding Systems is an application-focused provider of web and strip guiding, web spreading, and width measurement engineered solutions. Fives NA Guiding Systems offers custom designed detectors, electro-mechanical actuators, controllers, hydraulic power units and valve stands, spreaders, and guide frames to provide the optimal price/performance solution. Founded in 1957, Guiding Systems offers a broad spectrum of capabilities including engineering design, installation management, startup support, field service, and training seminars.
About Bertram: Bertram Capital is a Northern California-based private equity firm focused on investing in middle-market business services, consumer, healthcare, industrial and technology companies. Bertram is currently investing out of its $500 million second fund and typically allocates $25-$100 million to each investment. Since the firm's inception, Bertram manages in excess of $850 million in committed capital and has completed 12 platform investments and 15 follow-on acquisitions. Visit www.bcap.com for more information.