Capstone Partners served as a financial advisor to Elgen Manufacturing Company (“Elgen”), a portfolio company of MFG Partners and Merit Capital Partners, in its sale to Worthington Enterprises.
Headquartered in Closter, New Jersey, Elgen is a leading manufacturer and supplier of HVAC parts and components, ductwork, and structural framing primarily used in commercial buildings throughout North America.
Worthington Enterprises (NYSE: WOR) is a designer and manufacturer of market-leading brands that improve everyday life by elevating spaces and experiences.
The Company operates with two primary business segments: Building Products and Consumer Products.
Elgen will become part of the Worthington’s Building Products division, a segment that includes a portfolio of critical building systems and components for heating, cooling, construction and water applications, as well as architectural and acoustical grid ceilings and metal framing and accessories.
MFG Partners is a New York-based private equity firm that invests in manufacturing, value-added distribution, and industrial services companies; Merit Capital Partners is a Chicago-based private equity firm that provides flexible capital solutions to privately-owned businesses across a range of sectors, including industrials, distribution, logistics and business services.
