Generational Capital Markets Advises Machine Specialties in its Sale to Calvert Street Capital Partners

By Capital Markets

12/20/2021

Generational Capital Markets, Member FINRA/SIPC and a leading mergers and acquisitions advisor for privately held businesses, is pleased to announce the sale of its client, Machine Specialties, Inc., to Calvert Street Capital Partners, Inc. The acquisition closed September 20, 2021.

Located in Whitsett, North Carolina, Machine Specialties, Inc. (MSI) is a leading machining and metal-finishing specialist that manufactures customized, cost-effective solutions for the most demanding customer needs. MSI manufactures an extremely diverse portfolio of mission-critical parts for the aerospace and defense, space, medical and industrial end markets.

Founded in 1969, the Company has a strong 50+ year track record of manufacturing precision-made parts, delivering them to customers faster than anyone else, and backing them up with a company-wide commitment to service. This philosophy of quality and service has helped fuel MSI’s growth.

Calvert Street Capital Partners, Inc. (“Calvert Street”) located in Baltimore, Maryland, is a lower middle market investment firm. Since their inception, they have partnered with owner-operators and skilled management teams to support profitable growth and organizational transformations. The firm consists of experienced professionals pursuing two distinct investment strategies: Equity investments (through Calvert Street) and mezzanine investments (through Parkway Capital).

Their investments enable their portfolio companies to pursue growth opportunities, add-on acquisitions, balance sheet recapitalizations and ownership transitions. Collectively, Calvert Street's and Parkway Capital's investment professionals have invested in over 120 companies, representing cumulative transaction values in excess of $1.5 billion.

Generational Capital Markets’ Senior Managing Director of Mergers & Acquisitions, Tom Staszak, with support from Vice President Mergers & Acquisitions, Andre Farahmandi, successfully closed the deal.

“Finding a buyer/partner that valued the culture developed by Rob and Tammy Simmons and a buyer/partner that would create value for customers and growth opportunities for employees were critical factors in the selection of Calvert Street as a partner,” said Staszak.

He added, “As a result of this partnership, both Calvert Street and the Simmons’ are confident that Machine Specialties will continue to grow and serve its customers and employees for years to come.”

About Generational Capital, LLC

Generational Capital, LLC, is a Dallas, Texas-based merger and acquisition advisory firm. Generational Capital wholly owns Generational Capital Markets, Inc., Member FINRA/SIPC. More information can be found at https://www.gencm.com/.

Generational Capital and Generational Capital Markets are part of the Generational Group and are affiliated with Generational Equity, LLC, which The M&A Advisor named Investment Banking Firm of the Year in 2016, 2017, and 2018 and Valuation Firm of the Year in 2020.

GCM's most recent awards include The M&A Advisor's 2020 Information Technology Deal of the Year ($10MM-$25MM) and 2020 Private Equity Deal of the Year ($25MM-$50MM).