HawkeyePedershaab with new owners
Forsyth Capital Investors, LLC (“Forsyth Capital”), an investment firm targeting the manufacturing and insurance services sectors, has completed the acquisition of HawkeyePedershaab, Inc. (“HawkeyePedershaab”). Established in 1915 and headquartered in Mediapolis, Iowa, HawkeyePedershaab designs, engineers, and manufactures a broad range of capital equipment for the production of concrete pipe and manholes and provides aftermarket products and services used in concrete component production. The company will continue to operate from its Mediapolis, Iowa and Bronderslev, Denmark facilities. HawkeyePedershaab was exclusively represented by international midmarket M&A and debt advisory firm Livingstone.
“We are thrilled to partner with HawkeyePedershaab’s talented leadership team and its 278 team members worldwide whose commitment to providing the highest quality products and services have established the company as a market leader,” said Ryan Gable, Forsyth Capital co-founder and managing director. “HawkeyePedershaab represents a strong platform business in the infrastructure equipment industry, one of the key target sectors Forsyth Capital has been pursuing.”
“Forsyth Capital’s long-term investment approach, proven buy and build strategy, and focus on enhancing value for all stakeholders truly resonated with our leadership team,” said Vernon Cameron, HawkeyePedershaab’s chief executive officer. “The Forsyth Capital team brings a wealth of relevant operational expertise and value-creating strategies to our company, giving us tremendous confidence that we can further enhance our existing business and accelerate the growth of our global platform in the years to come.”
“We look forward to working alongside HawkeyePedershaab’s existing leadership team as we endeavor to build a broader and more diverse platform through a combination of strategic acquisitions and organic growth initiatives,” said Gable. “We welcome HawkeyePedershaab’s team members, whom we know will greatly benefit from our people-centric culture, financial strength and unwavering commitment to purpose-driven growth.”
CONTACT
European Headquarters
Saltumvej 25
9700 Bronderslev/Denmark
+45 9645 4000
US Headquarters
HawkeyePedershaab
506 S. Wapello Street
Mediapolis, Iowa 52637/USA
+1 319 394-3197
