Maine Machine Products Company (www.mmpco.com) is a highly regarded, 54 year-old manufacturer of precision, mission critical components and assemblies for the defense, oil & gas and semiconductor industries. The Company has proven high value-add solutions for the precision metal component machining niche emphasizing its value-added service capabilities including complete assemblies, a Class 1000 Clean Room, rapid response engineering and prototyping.
GenNx360 Capital Partners (www.gennx360.com) is a unique private equity firm founded by former senior operating executives of General Electric Company. GenNx360 applies state of the art operational expertise and investment discipline to successfully guide and grow industrial business-to-business companies. GenNx360, which is based in New York, with partners around the country, is currently investing from its initial $600 million equity fund.
Maine Machine Products Company, Inc. of South Paris, Maine (“MMPCo”) announced that it has been acquired by GenNx360 Capital Partners of New York, New York (“GenNx360”). This initiative represents the successful outcome of an engagement led by The Bigelow Company LLC on behalf of MMPCo to proactively seek the “Best New Majority Shareholder” for the company, and in so doing, provide a liquidity event for MMPCo’s founding family.
“After more than 54 years of stewardship, my family and I decided the time was right to look for a new owner for MMPCo – one who would not only respect our traditions, but assure the longevity of the company beyond the current generation of owners. We are delighted that GenNx360 is that exceptional owner and wish them every success in the future.” Roland L. Sutton, Chairman of the Board MMPCo
“We are extremely fortunate to acquire a company of Maine Machine Products Company’s caliber along with its 54-year track record of manufacturing excellence. Not only did the Sutton family build a world class company that leads its peers in terms of quality and technological advancement, but they have supported the company with a strong and capable workforce along with an exemplary management team. We value every associate’s commitment to Maine Machine Products Company and look forward to using our operational expertise, strategic insight and network to help them grow and expand the company.” Lloyd Trotter, Managing Partner GenNx360