Maxcess International, a portfolio company of Bertram Capital, has acquired Menges Roller Company.

Menges Roller is a designer and manufacturer of new and replacement industrial rollers – specifically chill rollers, heat transfer rollers and rubber rollers – that are used in the converting, plastic packaging, non-wovens, pulp & paper, and metal markets. The company also offers an array of services including repairs, re-covers, dynamic and static balancing, crowning, groove and serration work, acid flushing, chrome refinishing, precision grinding, and refurbishing.

Menges Roller was founded in 1966 by Louis Menges and is headquartered near Chicago in Wauconda, IL (www.mengesroller.com).

Post-closing, Director of Sales & Marketing Charlie Menges, who represents the third generation of ownership, will continue to work with the Menges team and President Matt Menges will remain as a shareholder and advisor to Maxcess.

“We are excited to partner with the Menges family and management team to continue building upon the success they have achieved over the past five decades,” said Tim Heston, Principal at Bertram Capital. “Consistent with Bertram’s value creation strategy, this transaction marks the fourth add-on acquisition for the Maxcess platform under our ownership and we plan to continue that strategy with other differentiated and market-leading businesses like Menges.”

Maxcess International is a designer and manufacturer of industrial rolls, converting components, and specialized machinery for web handling and converting applications (www.maxcessintl.com). The platform was formed through the acquisitions of Neenah, WI-based Webex in January 2013; Oklahoma City, OK-based Maxcess International in January 2014; and Appleton, WI-based Valley Roller in August 2015.

“The acquisition of a storied brand like Menges Roller Company adds tremendous value to our family of web handling companies,” said Greg Jehlik, CEO of Maxcess. “The breadth and depth of their product offering will complement our Webex and Valley Roller brands, further expanding the one-stop-shop advantage we bring to our customers.”

Bertram Capital invests in middle-market business services, consumer, healthcare, industrial and technology companies that have revenues from $30 million to $250 million and EBITDA of $5 million to $30 million. To drive growth and create vale in its portfolio companies, Bertram uses an investment strategy called “High 5” which focuses on five core operating principles – sales and marketing improvement, management support, supply chain optimization, technology optimization, and add-on acquisitions. The firm is headquartered in San Mateo, CA (www.bertramcapital.com).

© 2017 Private Equity Professional | November 7, 2017

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