Charlottesville, VA. October 6, 2015 – Quad-C Management, a leading middle market private equity firm, announced that the firm has sold A. Stucki Company, a leading supplier of new and reconditioned railcar components, to Stone Canyon Industries. Terms of the deal were not disclosed.
Headquartered near Pittsburgh, PA, A. Stucki operates 17 global locations focused on the engineering, reconditioning, machining and manufacturing of railcar and industrial parts.
Quad-C invested in A. Stucki in 2010 along with several members of the A. Stucki management team led by CEO Bill Kiefer and CFO David Lendt. During Quad-C’s investment period, A. Stucki more than doubled its revenues due to a combination of strong organic growth and three add-on acquisitions.
“This was a terrific investment for Quad-C,” said Tony Ignaczak, President of Quad-C. “We backed a great team in the rail sector, where we had an active investment thesis and value creation strategy.”
“It has been a pleasure to work with Bill, Dave and all of the exceptional people at A. Stucki,” said Tom Hickey, a Partner at Quad-C. “Bill and his team drove strong growth and established Stucki as one of the premier companies in the railcar sector. We look forward to watching their continued success.”
Mr. Kiefer noted, “We appreciated Quad-C’s knowledge of our industry and collaborative approach. Over the past five years, Quad-C has provided excellent support for our strategic initiatives and has invested capital to enable us to diversify our product offering, to expand geographically and to acquire complementary businesses. We are positioned to continue that momentum in the years to come.”
Transportation and logistics is a key area of focus for Quad-C and the A. Stucki investment is one of many investments Quad-C has made in this sector over the course of its twenty-five year history. Current investments in the sector include Worldwide Express, a leading 3PL offering light parcel, LTL and FTL brokerage services through a franchise network composed of 119 independently owned franchise offices across the U.S., and Network Global Logistics, a leading non-asset-based third-party logistics company providing next flight out, warehousing and distribution, service parts logistics and ground courier services.
A. Stucki, headquartered near Pittsburgh, Pennsylvania, is a privately held company comprised of 17 global locations that are focused on the engineering, reconditioning, machining and manufacturing of railcar and industrial parts. Since its founding, A. Stucki has led the industry in the development and application of railcar dynamic control products. Today, the company has a formidable presence in the U.S. and worldwide.
Founded in 1989 and headquartered in Charlottesville, Virginia, Quad-C is a middle market private equity firm focused on investing in well-established business services, consumer, general industrial, healthcare, specialty distribution and transportation/logistics companies. In its 25-year history, Quad-C has invested over $2 billion of equity across more than 50 companies. The Quad-C team is committed to partnering with entrepreneurs and management teams to accelerate growth and create long-term value. www.quadcmanagement.com