USA: Middle-market private equity firm Stellex Capital Management and investment company Eldridge have completed the recapitalisation of rolling stock component, remanufacturing and logistics services company A Stucki Co, which operates 21 facilities in the USA, Mexico and Brazil.
‘We believe Stucki is an exceptional business with over 100 years of history, deep relationships with its customers, and a broad portfolio of parts and services’, said Stellex Managing Director Michael Livanos.
David Meyer is joining Stucki as Executive Chairman. The current management team will remain, led by CEO John O’Bryan who said ’with Stellex’s support, we have confidence that we are well positioned to provide employees the tools they need to grow and improve the overall business’.
Financial terms of the transaction which closed on November 23 were not disclosed.
Greenberg Traurig and Configure Partners acted as legal counsel and advisers to Stellex, and Akin Gump Strauss Hauer & Feld as legal counsel to Eldridge. Stucki was advised by Latham & Watkins.
