Jan 27 2014
Cyprium Partners (Cyprium), a private equity firm focused on making non-control investments, announced today an exit from its investment in Alpha Sintered Metals, Inc. (ASM), through a sale of the company to management and O2 Investment Partners, LLC. Headquartered in Ridgway, Pennsylvania, ASM is a premier manufacturer of high-precision powder metal components for the automotive, small engine, recreational vehicle, lawn and garden, commercial vehicle and agricultural equipment industries.
In addition to its original subordinated debt and equity position, Cyprium invested additional capital in ASM to allow the company to establish off-shore manufacturing operations as well as to facilitate the acquisition of a competitor in the stainless steel exhaust and turbocharger components market.
“ASM has been a prime example of the type of initiatives we pursue with our portfolio companies,” said Leland Lewis, a Managing Partner at Cyprium. “We team with management to assist with organic growth, acquisitions and operational improvements in order to position our companies to withstand a changing marketplace and to take advantage of growth opportunities. We wish the ASM team much success as they start the next chapter in the company’s history.”
Stout Risius Ross (SRR) was retained by Cyprium and the company to lead the ASM sale process.