AGET Manufacturing recently acquired by Madison Street Holdings, LLC
NuVescor Group is pleased to announce the successful sale of AGET Manufacturing to Madison Street Holdings, LLC.
AGET Manufacturing is in the air filtration sector and is a well-established Company that develops, manufactures, markets and sells a line of equipment used in nearly every manufacturing setting. The Company’s product line includes proven manufacturing support equipment with strong brand recognition.
AGET Manufacturing, operating in Adrian, Michigan, was founded in 1938 and has a long history of making and selling equipment for dust collection, with customers throughout the United States and around the world. The well-diversified customer base includes manufacturers in the wood working, metal processing, pharmaceutical, food, agriculture and plastics industries. Superior quality and excellent customer service have generated an exceptional reputation and loyal customer base. The primary collection units are cyclones and shaker baghouses. Other products include blower/baghouse units, mist collectors, chip/mist collectors, rotary valves, back draft dampers, down draft tables, zipper ducts, and various combinations of equipment. Rob DePierre, the former owner said, “I could not be happier with John and Lauren, AGET is poised for incredible growth and I have every confidence that they are the team to do it.”
Madison Street Holdings is owned by Lauren Cato and John Mitchem. Lauren is a graduate of the University of Michigan and Wayne State University Law School. Lauren began her legal career with a focus on real estate and further refined that focus to the wireless communications industry in its infancy. Following working as a Partner at Richard Conner Riley and Associates, LLC (RCR), and a Director at Black and Veatch following its acquisition of RCR, Lauren founded wireless site acquisition company Catalyst Network Services, LLC in and is currently its President. John is a graduate of Wayne State University in Industrial Engineering. John began his automotive career in the steel processing industry as a metallurgist. John worked in both Technical and Sales and Marketing leadership roles at Masco Industries, MascoTech companies, American Axle and most recently Vice President at MPG, a NYSE publicly traded company.
They saw in AGET an opportunity to leverage their combined business experience of Lauren’s 27-year legal background and business owner and John’s 30-year automotive supplier background to grow and develop the company. There is a strong management team in place and opportunity to expand sales into additional industries as well as increasing production capabilities for existing customers. According to Lauren, “We saw an immediate fit with the AGET team and are very excited to work closely with them to take AGET to the next level. Rob has done an incredible job streamlining processes, developing the management, marketing and sales channels and growing AGET to where it is today — a successful and profitable, well-run organization. “
NuVescor proudly served as the exclusive mergers and acquisitions advisor for the seller. For over a decade, NuVescor has been a leader in the Mergers & Acquisitions industry in Michigan. With years of experience and a unique proven process, the NuVescor teams works together to ensure successful and timely business transactions, delivering excellent results to their clients. For additional information, please visit www.nuvescor.com