Nashville, Tenn., October 27, 2015 – Gen Cap America, Inc., a leader in the middle market buyout niche in the Southeast, announced today its most recent acquisition, L.W. Allen, Inc., based in Madison, Wisconsin. The acquisition is being funded by Gen Cap America’s Southvest Fund VI, which closed in March 2009 after raising $160 million.
Founded in 1961, L.W. Allen manufactures water and wastewater control systems and distributes industrial and heavy-duty pumps to municipal and industrial customers. The company’s electrical control solutions, marketed under the Altronex brand name, provide the hardware, software and services used by operators to control water and wastewater systems. The company also designs, distributes, installs and services water and wastewater treatment pump systems.
“We are thrilled to make an investment in L.W. Allen, and partner with its senior management team.” said Gen Cap America senior vice president Matt Lane. “The company faces exciting market opportunities in its industry, and is well positioned for long term success under our new ownership structure.”
The acquisition was completed on October 16 and represents the 16th acquisition in the Southvest Fund VI portfolio.
Jim Cook, president of L.W. Allen, along with the current management team will continue to oversee daily operations of the company.
“We are excited about our new partnership with Gen Cap America,” said Cook. “Gen Cap’s managerial philosophy is a great fit with our management team and our corporate culture. We look forward to the next chapter for L.W. Allen.”
“Gen Cap seeks to invest in companies with demonstrated successful operating histories and talented management teams that can continue to guide the company,” continued Lane. “L.W. Allen fits that profile, and our partnership with them presents tremendous opportunities for both parties.”
Terms of the transaction are not publicly available.
More information on L.W. Allen can be found at www.lwallen.com.
Gen Cap America, Inc. is a Nashville-based private equity firm that provides equity for management buyouts, division spinoffs, and recapitalizations of profitable, well-established middle-market businesses. For more information, visit www.gencapamerica.com.
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