Peterson American Corporation – MiddleGround Capital

Peterson American Corporation

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Investment Date:
April 2019
Exit Date:
September 2023
Fund:
Fund I
Sector:
Spring Manufacturing, Wire Forming
Headquarters:
Southfield, MI
Footprint:
12 facilities across the US, Canada, Mexico and the UK
Revenue:
~$110 million
End Markets:
Industrial, Racing, Automotive Aftermarket, Truck & Trailer, Automotive OEM

Peterson American Corporation is a designer and manufacturer of highly engineered springs, wire forms, retaining rings, clamps, stampings, and a variety of related sub-assemblies. The Company serves a diverse set of end markets that span automotive OEM, industrial, motorsport/racing, truck & trailer, heavy equipment, and consumer products.

Add-On Criteria

  • Geography: North America
  • Size: $1.5M+ of EBITDA
  • End markets: racing/motorsport, high margin industrial
  • Products/applications: racing springs, valvetrain components, specialty fasteners, medical/aerospace wire forms
  • Capabilities/services: machining, wire forming, assembly

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