Private equity firm Auxo Investment Partners has completed its first deals with the acquisitions of Atlas Die and Bernal, two specialists in the die manufacturing industry. Terms of the transactions have not been disclosed.
Atlas Die, based in Elkhart, Indiana, was founded in 1952 by S Ray Miller in his basement. The company went on to develop and introduce laser technology into the die making process and later developed unique flexible rotary die making capabilities. Atlas Die continues to provide solutions for complex cutting needs in the consumer products, packaging, food and beverage, medical and pharmaceutical industries. The company has 160 employees across six facilities in five states.
Bernal, founded in 1972, produces complex solid rotary pressure dies, crush cut dies and state-of-the-art, high-volume rotary converting systems for die cutting, food processing, folding cartons, specialty bandages and alcohol swabs and other complex products. Bernal provides manufacturing solutions to complex production challenges across a wide spectrum of end-market including consumer products, specialty materials, food and beverage and other unique applications for customers around the globe. Bernal employs 64 team members in Rochester Hills, Michigan.
“We are delighted that these two market leading companies with long histories and excellent reputations are our first acquisitions,” says Auxo Managing Partner Jeff Helminski. “We view ourselves as stewards of our Founding Partners’ capital and of the legacies of our portfolio companies, their owners and their team members. As such, we’re honored to have the opportunity to assist the teams at Atlas Die and Bernal achieve their full potential by making long-term investments and providing expert operational and strategic support.”
Auxo Managing Partner Jack Kolodny, adds: “We see a tremendous opportunity to further grow and scale Atlas Die and Bernal and to drive new sales and revenue growth. We’re also actively pursuing other deals, and we’re confident that our unique hands-on, long-term investment approach will pay off for our investors and our new portfolio companies.”
