Partners Melissa Leonard and Ronald Stepanovic were co-leads of a team that represented Morgenthaler Private Equity (MPE Partners) in its sale of 80/20, the North American leader in configurable modular framing solutions, to private equity firm Littlejohn & Co. Based in Columbia City, Indiana, 80/20 provides precise, quick-turn solutions to more than 60,000 end users annually through a diversified omni-channel go-to-market model.
Cleveland, Ohio and Boston, Massachusetts-based MPE Partners works with profitable, lower middle market, entrepreneur- and family-owned companies with EBITDA between $8 million and $40 million. New owner Littlejohn & Co. is an integrated private equity and special situations investor that focuses on North American industrial and services companies in the middle market.
Additional team members included Partners Karl Fanter, Michelle Hervey, Meagan Moore, Brian Murray, Charlotte Pasiadis and Michelle Reese, plus Associates Andrew Begue and Michael Gunther.
Terms of the transaction were not disclosed.
Read the release from MPE Partners.
