Standard Iron Acquires Helgesen Industries
05 Agosto 2024 - 11:42AM
Business Wire
Standard Iron today announced the acquisition of Helgesen
Industries.
Helgesen Industries (“Helgesen”), is a manufacturer of fluid
conditioning tanks and other complex fabrications serving a wide
range of industrial end markets, including construction,
agriculture, aerial lift equipment and power generation, among
others. Helgesen primarily operates out of two facilities in
Hartford, WI (HQ) and has operations in Poland and Brazil. The
company offers a complete line of standard and proprietary products
with a deep emphasis on providing an engineered solution for its
customers’ diverse needs.
The acquisition strongly complements Standard Iron’s complex and
heavy fabrications manufacturing practice. Moreover, the addition
of Helgesen’s locations expands Standard Iron’s highly strategic
footprint which includes locations in the Midwest, Southeast and
Mexico. The combination of the organizations provides OEMs across
several global end markets with a wide range of capabilities
related to mission critical parts.
“We are proud to announce the addition of Helgesen to the
Standard Iron family,” said Rich Demeules, Chairman of Standard
Iron. “I have known Helgesen and their ownership, Tom and Nate
Marshall, for many years. Helgesen has a strong reputation in the
market and is a leader in engineered offerings, including fluid
conditioning tanks and other complex fabrications. I am
particularly excited about how the partnership will allow the
combined company to serve its OEMs in an expanded way.”
Tom Marshall, Helgesen Industries Managing Partner, added, “We
are excited to join the Standard Iron organization. In addition to
a great historic relationship and strong organizational cultural
fit, our team was drawn to the commercial fit of the organizations
and the impact of the enhancements we can offer our customers in
terms of products and service. Together, the combined organization
will have a leading geographic footprint and specialized
capabilities to offer to our OEM partners.”
Standard Iron is majority owned by an affiliate of private
investment firm Owner Resource Group LLC (“Owner Resource Group” or
“ORG”). ORG Managing Director, Tapan Modi, said, “We are excited
about our partnership with Standard Iron and Helgesen, and the
long-term growth potential of the combined organization. We believe
this transaction supports the collective vision of the management
teams to be a critical and trusted manufacturing partner to OEM
customers. The combination will allow the business to expand its
product offerings, enhance innovation and deliver industry-leading
service. We look forward to supporting the team’s efforts to
realize the organization’s full potential.”
The acquisition officially closed on Friday, August 2, 2024.
Standard Iron intends to continue marketing Helgesen Industries
products under the Helgesen name.
For more information, please visit www.std-iron.com and
www.helgesen.com.
About Owner Resource Group
Founded in 2008, Owner Resource Group is a private equity firm
based in Austin, TX. ORG has invested in companies across the
manufacturing, distribution and business services sectors that
represent over $1.3 billion in total enterprise value. ORG partners
with businesses looking for a growth partner and management teams
hoping to establish or increase their ownership. For further
information regarding ORG and its investments, please visit
www.orgroup.com.
About Standard Iron
Standard Iron, founded in 1930, is a heavy metal fabricator with
a core focus on complex and heavy-duty parts and assemblies. The
company is based in Monticello, MN with five strategically located
manufacturing facilities across the Midwest (3), Southeast (1), and
Mexico (1). Its products and capabilities serve leading OEMs in a
variety of end markets, including agriculture, power generation,
construction, and HVAC, among others.
About Helgesen Industries
Helgesen Industries, founded in 1977 and based in Hartford, WI,
manufactures highly engineered fluid conditioning tanks and other
complex fabrications. With operations in Wisconsin, Poland and
Brazil, Helgesen provides both standard and proprietary designs to
OEM customers in the construction, aerial lift equipment, power
generation and agriculture markets, among others.
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Brian Hazelton Chief Executive Officer Standard Iron & Wire
Works, LLC (763) 295-8734 brian.hazelton@std-iron.com