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Modineer Co., Inc. Acquired by Private Investment Group

Modineer Co., Inc. has announced the sale of the company to a newly formed entity established by Westbourne Capital Partners, a Chicago-based private investment firm, Hall Capital, a family-owned investment company located in Oklahoma City, OK, and a private investor. Prior to the sale, Modineer had been owned by the fourth generation of its founding family.

Modineer is a manufacturer and fabricator of low to medium volume complex metal components and assemblies for the automotive, military, truck/trailer and industrial markets utilizing stamping, roll forming, welding, machining, painting, e-coating and other specialty processes. Headquartered in Niles, MI, Modineer manufactures more than 35 million components per year, has over 800 employees and operates from nine facilities with a combined square footage in excess of 700,000 across Michigan, Indiana and Missouri.

Modineer will focus on expanding its capabilities with existing customers, while entering into new end markets with the support of a growth-oriented partner with a long-term perspective.

"We are excited to partner with Ed Hamilton and his team to invest in Modineer to grow and expand the business for the benefit of our current and future customers, employees and key stakeholders," said John Kobza of Hall Capital.

In addition to the new investors, Modineer will be supported by an experienced board of directors, composed of operators with deep knowledge of the automotive, specialty and recreational vehicle, and other industrial markets, including Mike Laisure, a former president of Dana Corporation.

The management team, including Modineer's CEO Ed Hamilton, will continue its leadership at Modineer.

"We are extremely excited to partner with the Hall Capital and Westbourne Capital Partners teams," said Hamilton. "While the company has been highly successful in establishing itself as a leader in the production of vehicle components, we are eager to take the next step in growing the company through greater utilization of our assets and industry relationships, as well as diversifying into new end markets. This transaction will help us to accomplish those goals."

For more information contact:

Modineer Co. Inc.

2190 Industrial Drive

Niles, MI 49120


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