Columbia West Capital ("CWC") is pleased to announce the sale of Machine Solutions, Inc. (MSI) to Forsyth Capital Investors (Forsyth). Based in Flagstaff, Arizona, MSI is the market leader in their space as a global supplier of process and testing solutions to the medical device community, in particular to companies that manufacture minimally invasive medical devices such as catheters and stents. MSI's customer base includes some of the world's largest medical device manufacturers such as Abbott Cardiovascular, Boston Scientific and Medtronic, among others.
Based in St. Louis, Forsyth is a unique "hybrid" investment firm that blends the positive aspects of private equity with significant operational expertise made possible by its strategic relationship with Barry-Wehmiller Companies, a diversified capital equipment manufacturer and Forsyth's sole funding source. Forsyth's resources and focus on capital equipment represents a strong strategic fit for MSI.
Forsyth acquired a majority interest from founders Dan Kasprzyk and Tom Motsenbocker and other shareholders. Both founders will remain active in their current roles with the company. "We are thrilled to have Forsyth as our new partner," said Dan Kasprzyk. "In addition to their financial backing, their operational expertise and investment experience across a broad range of capital equipment companies makes them a perfect strategic fit and opens the door to significant growth and an exciting future for MSI. Both Tom and I are very happy to continue to lead the company as we take this big step forward in our Company's growth and evolution."
Columbia West Capital served as the exclusive financial advisor to MSI. After a methodical and careful search, CWC approached a select group of strategic and financial investors to partner with MSI. MSI's COO, Tom Motsenbocker said, "In a niche segment of a highly fragmented industry, CWC successfully sourced a number of quality offers for our business. Their understanding of market conditions and deal dynamics was extremely helpful to us in identifying the right partner, and ultimately in getting the right deal done."