Crossplane Capital Acquires Hynes Industries Alongside Management
12/11/23, 1:00 PM
Location
Industry
venture capital
manufacturing
Crossplane Capital ("Crossplane"), a Dallas-based private equity firm, is pleased to announce the recapitalization of Hynes Industries ("Hynes" or the "Company") in partnership with Rick Organ, CEO of Hynes, and other members of the Hynes leadership team. Founded in 1925 and headquartered in Youngstown, OH with additional manufacturing facilities in Painesville, OH and Kokomo, IN, Hynes is a leading manufacturer of precision-engineered roll formed metal parts and assemblies for diverse end markets that include automated material handling, truck trailer, solar, and general industrial.
Company Info
Location
750 north st. paul street suite 1000
Dallas, Texas, United States
Company info
Crossplane Capital is a private equity firm based in Dallas investing control equity in industrial business services, niche manufacturing and value-added distribution businesses. The firm invests in companies with up to $200 million of revenue and significant value creation upside through prudent net working capital management, rigorous cost optimization and thoughtful revenue growth. Our team has eight decades of collective experience transforming industrial companies as senior executives, operational improvement consultants, strategy consultants, restructuring advisors and private equity investors. As a result, we bring a sophisticated operating model and collaborative culture to lower middle market family owned companies and companies involved in complex situations.