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One Equity Partners Portfolio Company Momentum Manufacturing Group Acquires Evans Industries And Little Enterprises

Nov 15, 2022•over 2 years ago

Acquiring Company

Momentum Manufacturing Group

Acquired Company

Evans Industries

Manufacturing

Description

One Equity Partners, a middle market private equity firm, today announced that its portfolio company Momentum Manufacturing Group (“MMG” or “the Company”), a leading North American metal manufacturing services provider, has acquired two precision machining services providers Evans Industries Inc. (“Evans”) and Little Enterprises, LLC (“Little”). Terms of the private transactions were not disclosed.

Company Information

Company

Momentum Manufacturing Group

About

Founded in 1982, Momentum Manufacturing Group is a leading manufacturing partner to OEMs and product manufacturers across a variety of markets. With a skilled workforce of over 800 employees, 13 manufacturing facilities across the Northeast, 750,000 sq. ft. of manufacturing space, and a full suite of in-house metal manufacturing and value-added capabilities, we are an integral and trusted supply chain partner to our customers. Momentum Manufacturing Group is the largest metal manufacturing company in the Northeast. Learn more at www.mmgmfg.com.

M&A Insights

Based on deal data
Integration timeline
70% of M&A integrations take 12-24 months to complete
Tech stack consolidation
83% of merged companies consolidate technology vendors within first year
Post-acquisition investment
Companies increase IT spending by 23% on average after acquisitions
Success factor
M&A deals with strong technology integration plans are 2.5x more likely to succeed