MCE Acquires Lone Star Machine Works
Motion & Control Enterprises (“MCE”) announced today that it has acquired Lone Star Machine Works (“LSMW”).
Based in Mabank, TX, LSMW was founded in 2000 and is a full-service provider of complex hydraulic repair, precision machining, welding, and fabrication services. The company has 42 associates and services industrial end-user and OEM customers across TX, OK, LA & AR and beyond.
“We are very excited to welcome the Lone Star associates to the MCE team,” said Charles Hale, Chairman & CEO of MCE. Hale noted that “LSMW’s hydraulic repair capabilities are critically important for today’s customer and are consistent with our strategy of being a full-lifecycle provider of highly-engineered products and services. Lone Star is an industry-leading provider of hydraulic repair services, and the strategic combination of our businesses will be positive for our customers and employees.”
Mikel Payne, LSMW owner, commented “This combination will allow us to accelerate the expansion of our served geography and capabilities utilizing the resources and support provided by MCE. This is a great outcome for our associates and customers.”
Founded in 1951, MCE is a supplier of technical fluid power, automation, flow control, compressed air and lubrication products, services and solutions. The company services more than 15,000 MRO and OEM customers from 27 facilities across the Great Lakes, upper Midwest, Southwest and beyond. For more information, please visit mceautomation.com.
Frontenac is a Chicago-based private equity firm. The firm focuses on investing in lower middle market buyout transactions in the consumer, industrial, and services industries. Frontenac works in partnership with established operating leaders, through an executive-centric approach called CEO1ST, which seeks to identify, acquire, and build market-leading companies through transformational acquisitions and operational excellence. Over the last 50+ years, Frontenac has built a leading franchise working with over 275 owners of mid-sized businesses as they address complex transition issues of liquidity, management enhancement, and growth planning. For more information, please visit frontenac.com.