Middle market private equity firm Quad-C Management has sold A Stucki Company, a supplier of new and reconditioned railcar components, to Stone Canyon Industries. Terms of the deal have not been disclosed.
Headquartered near Pittsburgh, A Stucki operates 17 global locations focused on the engineering, reconditioning, machining and manufacturing of railcar and industrial parts.
Quad-C invested in A Stucki in 2010 along with several members of the A Stucki management team led by CEO Bill Kiefer and CFO David Lendt. During Quad-C’s investment period, A. Stucki more than doubled its revenues due to a combination of strong organic growth and three add-on acquisitions.
“This was a terrific investment for Quad-C,” says Tony Ignaczak (pictured), President of Quad-C. “We backed a great team in the rail sector, where we had an active investment thesis and value creation strategy.”
“It has been a pleasure to work with Bill, Dave and all of the exceptional people at A Stucki,” says Tom Hickey, a Partner at Quad-C. “Bill and his team drove strong growth and established Stucki as one of the premier companies in the railcar sector. We look forward to watching their continued success.”
Kiefer says: “We appreciated Quad-C’s knowledge of our industry and collaborative approach. Over the past five years, Quad-C has provided excellent support for our strategic initiatives and has invested capital to enable us to diversify our product offering, to expand geographically and to acquire complementary businesses. We are positioned to continue that momentum in the years to come.”
