East West Is Acquired by MSD

Industrial

East West, owned by private shareholders, Emigrant and Heritage, sale to MSD


Summary

East West Manufacturing, LLC (“East West” or the “Company”), owned by private shareholders, Emigrant Capital Corp. (“Emigrant”) and Heritage Growth Partners LLC (“Heritage”), announced today that MSD Partners, L.P. (“MSD”) is investing in the company in partnership with management. Under the agreement, East West Management team will remain significant owners in the company and will continue to lead the business while Emigrant and Heritage exit their investments. Financial terms of the transaction have not been disclosed.

Baird served as the exclusive financial advisor to East West Manufacturing, LLC on this transaction.

About

East West provides a comprehensive and integrated set of product realization capabilities to a leading and high-growth customer base. With U.S. operations in Georgia, North Carolina, Wisconsin, Massachusetts, and Texas, and international operations in Canada, Costa Rica, Vietnam, China, India, and Mexico, the Company utilizes a global design team, transparent supply chain, on-site quality control, and flexible logistics systems to provide its customers with superior products and competitive cost advantages. Founded in 2001, East West offers its customers a differentiated breadth of onshore, nearshore, and offshore design, engineering, manufacturing, and distribution capabilities to serve the full spectrum of customer needs ranging from new product design to full scale production and distribution. East West is headquartered in Atlanta, Georgia.

Emigrant Capital Corp. is a division of Emigrant Bank, which is headquartered in New York City.

Heritage Growth Partners LLC is a private, family investment office focused on serving owner-managers and their companies to accelerate growth and create long-term value. Heritage personally invests non-control growth capital alongside management and take a collaborative approach to build true partnerships that are enhanced by their ongoing strategic, financial and operational support. Heritage is headquartered in Atlanta, Georgia.

MSD Partners, L.P. is a leading investment firm focused on maximizing long-term capital appreciation across its core areas of investing expertise – Credit, Growth, Private Capital and Real Estate. MSD deploys capital on behalf of Dell Technologies founder and CEO Michael Dell and his family, as well as other like-minded, long-term-oriented investors. MSD Partners, which operates from offices in New York, Santa Monica and West Palm Beach, manages in excess of $20 billion.

MSD Private Capital pursues opportunities where there is an emphasis on partnership and its uniquely flexible capital base is viewed as differentiated in its ability to support a company’s next phase of growth. In situations where those two dynamics co-exist, MSD Private Capital seeks to be the partner of choice for companies led by owners and management teams who are seeking a thoughtful, flexible and patient partner and investor with a business-building mindset.
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Industrial

East West, owned by private shareholders, Emigrant and Heritage, sale to MSD

Date
February 2022
Company
East West Manufacturing, LLC
Transaction
M&A - Sellside
Sectors
Industrial
Verticals
Fitness & Sporting Good
Medical Technology
Highly Engineered Components
Machinery & Equipment
Target Location
North America
Acquiror Location
North America

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