Tower Arch Capital Partners with ACS Manufacturing for Growth
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Tower Arch Capital Partners with ACS Manufacturing
Tower Arch Capital is thrilled to share its latest venture of recapitalizing ACS Manufacturing, a notable provider of specialized enclosures for power systems. This partnership marks a significant milestone for both companies as they look to expand their reach within critical infrastructure markets.
About ACS Manufacturing
Founded in 1995 and headquartered in Denison, Texas, ACS is renowned for its specialty manufacturing of structural enclosures specifically designed for backup power systems. These enclosures are essential for data centers, hospitals, and utility campuses, ensuring that power demand is met reliably and effectively. ACS not only provides custom engineered solutions tailored to the unique specifications of each generator but also manufactures integrated electrical wiring and switchgear components through its subsidiary, Tier Power Systems.
Manufacturing Facilities and Expertise
With an impressive footprint of 475,000 square feet across multiple manufacturing facilities, ACS operates locations in Texas, South Carolina, and Arizona. This expansive setup allows them to work closely with data center owners and power generator OEMs, delivering exceptional value and quality. The company's commitment to excellence is evident in every project they undertake.
Leadership Insight
Dan Knox, President and CEO of ACS Manufacturing, expressed enthusiasm about the future, stating, "We are committed to providing the highest quality products and services to our customers. Our partnership with Tower Arch Capital is a thrilling prospect as we target further expansion in the data center sector and beyond." David Parkin, a Partner at Tower Arch Capital, shared his excitement for the collaboration, emphasizing that their goal is to help ACS enhance its capabilities and customer relationships. Rhett Neuenschwander, another Partner at Tower Arch, highlighted the exhilarating journey ahead, focused on supporting ACS's growth strategies.
Financing and Advisors
While specific terms of the transaction remain undisclosed, it’s noteworthy that financing was facilitated by a consortium of banking institutions including Bank of America, Truist Bank, UMB Bank, and Zions Bank. The transaction demonstrates the confidence these financial institutions have in ACS’s market potential and operational trajectory. Advisory support for Tower Arch Capital came from industry experts such as Caddo Lake Capital and BDO USA LLP, while ACS was represented by Jackson Walker LLP.
About Tower Arch Capital
Operating from Salt Lake City, Utah, Tower Arch Capital is recognized as a lower-middle market private equity firm dedicated to fostering high-quality family and entrepreneur-owned businesses. Their investment philosophy concentrates on forming partnerships that enhance operational efficiency and implement growth strategies, targeting businesses with EBITDA ranging from $5 million to $30 million. Tower Arch Capital prides itself on its commitment to long-term value creation for both investors and management teams.
Frequently Asked Questions
What is the focus of ACS Manufacturing?
ACS Manufacturing specializes in creating structural enclosures for backup power systems used primarily in data centers, hospitals, and utility campuses.
Who is leading ACS Manufacturing?
Dan Knox serves as the President and CEO, guiding the company through its growth and operational excellence.
What are the benefits of the partnership with Tower Arch Capital?
The partnership aims to enhance ACS Manufacturing’s capabilities, expand geographic reach, and preserve customer relationships while fostering growth.
Where are ACS Manufacturing’s facilities located?
ACS has manufacturing facilities located in Texas, South Carolina, and Arizona, totaling 475,000 square feet.
What investment focus does Tower Arch Capital have?
Tower Arch Capital targets investments in family and entrepreneur-owned businesses, particularly those with EBITDA between $5 million and $30 million.
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