GAM was based in 1990 and is headquartered in Mount Prospect, Illinois. Picture: GAM
Boston-based non-public fairness agency Union Park Capital right now introduced the completion of its acquisition of GAM Enterprises. This acquisition marks the launch of Union Park’s new precision movement management platform, positioning the agency to capitalize on development in industrial automation and robotics. Phrases of the transaction weren’t disclosed.
Since 1990, GAM has offered precision mechanical elements, together with high-precision gear reducers, couplings, and engineered movement options serving automation, robotics, aerospace, medical, and semiconductor OEMs.
The corporate has advanced to a full-scale producer with deep engineering experience, application-specific customization, and favorable lead instances. GAM’s merchandise are mission-critical elements embedded in OEM tools, forming the spine of bigger movement programs throughout high-growth industrial verticals.
“GAM represents the perfect platform to launch our precision movement management funding thesis,” Union Park Capital Companion Evan Stein stated in a information launch. “The corporate’s confirmed monitor report of engineering excellence, sturdy buyer relationships, and scalable manufacturing capabilities present the proper basis for constructing a market-leading movement management group. With rising demand for automation throughout industries, we see great alternative to speed up GAM’s development and pursue strategic acquisitions on this extremely fragmented market.”
Craig Van den Avont. | Credit score: GAM
As a part of the transaction, Craig Van den Avont, GAM’s present president, will proceed to steer the corporate and function CEO of the platform. Van den Avont joined GAM in 1998 from Bosch Rexroth and has been instrumental within the firm’s transformation right into a world-class producer with refined programs and processes.
“I’m grateful for Gary Michalek’s friendship and management for the previous 27 years. Gary’s imaginative and prescient, dedication to customer support, and operational excellence has shaped GAM into the best-in-class firm we’re right now. In our subsequent chapter, the partnership with Union Park creates an thrilling alternative to speed up our development and broaden our capabilities,” stated Van den Avont. “Union Park’s confirmed monitor report in constructing industrial expertise platforms, mixed with their deep understanding of the market, makes them the perfect companion to assist us serve our prospects on a world scale and pursue strategic development alternatives. We’re thrilled in regards to the potential to develop into the movement options companion of alternative for OEMs throughout a number of verticals.”
GAM founder Gary Michalek added, “After greater than three many years of main GAM, I couldn’t be extra assured about this subsequent chapter. Union Park and Craig’s staff share the identical dedication to prospects, staff, and companions that has been on the coronary heart of GAM for the reason that starting. This mixture ensures GAM’s legacy will proceed whereas creating even higher alternatives for development and buyer success.”
