Bertram Capital has acquired Maxcess International, a provider of guiding, winding, slitting and tension control systems for web fed converting applications.
Headquartered in Oklahoma City, Oklahoma, Maxcess marks Bertram's fifth transaction in the plastic processing industry and second investment in the web handling equipment industry following the 2012 acquisition of Webex.
"Maxcess has established a world class brand and distinguished itself as a technology leader in the converting industry for a wide range of applications including paper, film, flexible packaging, non-wovens and metals," says Kevin Yamashita, a partner at Bertram Capital. "The union between Maxcess and Webex creates a company that is uniquely positioned for growth and unmatched in its combined product portfolios, design capabilities, manufacturing expertise and long standing customer relationships."
The acquisition of Maxcess represents a key element of The Bertram Capital High 5, the firm's proprietary business building approach. Bertram Capital applies a set of value-added operating capabilities, including sales and marketing improvements, technology development, supply chain optimisation, add-on transactions and strategic management support, to enable the firm's portfolio companies to realise more rapid growth and profitability.
Within the plastic processing industry, Bertram Capital implemented The Bertram Capital High 5 with its investment in and subsequent sale of Extrusion Dies Industries in 2012 to Nordson Corporation, and will continue to apply this approach with Maxcess and Webex going forward.
Greg Jehlik, CEO of Maxcess, says: "We are thrilled to partner with Webex and Bertram Capital to achieve our shared vision of accelerating the growth of Maxcess' innovative technologies. This combination will further enhance our ability to fulfil our global strategy of providing a breadth of products and solutions which solve our customers' entire web handling application needs."
The merged entity will be led by a management team comprised of leaders from both companies.
