MPE Partners Invests in SKB Cases to Enhance Growth Potential
MPE Partners Makes Strategic Investment in SKB Cases
MPE Partners, also known as Morgenthaler Private Equity, has announced an exciting investment in SKB Cases, a prominent manufacturer known for its specialty protective cases. With a robust customer base exceeding 2,000 clients across military, industrial, music, and pro AV sectors, this strategic move is set to facilitate significant growth for SKB while reinforcing its position as an industry leader.
Background of SKB Cases
Founded in 1977, SKB has established itself as a leader within the protective cases market. The founders, Steve Kottman and Dave Sanderson, had a vision to craft high-quality protective cases for musicians and entertainers. Over the decades, their commitment to innovation and quality led to the expansion of SKB's product offerings into various other end markets.
Leadership Insight
Co-founders Kottman and Sanderson expressed their enthusiasm for the future, emphasizing the company’s readiness for the next stage of growth with MPE's investment. They remarked on SKB's transformation and dedication to creating the best products in the industry.
Investment Goals
MPE's investment not only signifies financial support but also illustrates a commitment to enhancing product development and customer service. Matt Yohe, a Partner at MPE, highlighted SKB's impressive reputation for quality and customization, stressing how these attributes helped the company lead its market segment.
Team Collaboration
Nick Stender, Principal at MPE, looks forward to collaborating with SKB's management team, including Executive Chairman and CEO John Saxon, and President Daniel Jewell. The focus will be on driving growth through continuous investment in innovation and enhancing customer experiences.
SKB's Manufacturing Expertise
SKB, with its headquarters located in Orange, CA, along with an additional manufacturing facility in Mexicali, Mexico, employs advanced manufacturing techniques. These include injection molding, rotational molding, vacuum molding, and foam customization, ensuring they meet the diverse needs of their customer base effectively.
About MPE Partners
Based in Cleveland, OH, and Boston, MA, MPE Partners focuses on partnering with entrepreneur- and family-owned companies. MPE seeks to invest in profitable lower middle market firms, particularly in high-value manufacturing and commercial industrial services, targeting businesses having an EBITDA ranging from $8 million to $40 million. This vision aligns perfectly with their investment in SKB Cases, setting the stage for mutual growth.
Frequently Asked Questions
What is the significance of MPE's investment in SKB Cases?
This investment aims to provide SKB with the resources needed for accelerated growth and innovation in the specialty protective cases market.
What markets does SKB Cases serve?
SKB Cases operates across military & industrial, music & pro AV, and sports end markets, serving over 2,000 customers.
Who are the founders of SKB Cases?
SKB Cases was founded by Steve Kottman and Dave Sanderson in 1977, both of whom have contributed to the company's reputation for high-quality products.
What are MPE Partners' main investment areas?
MPE Partners primarily invests in high-value manufacturing and commercial industrial services, focusing on lower middle market companies.
How does SKB differentiate itself in the market?
SKB is known for its high-quality products, customization options, and fast lead times, which have established its leadership position in the market.
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