Phillips Screw Company on a Management Buyout

Headwaters MB, now Capstone Partners, advised The Phillips Screw Company (Phillips or the Company), a world leader in the design and engineering of proprietary high-performance drive systems for fastening applications, on a management-led buyout of the Company. Management partnered with Gemini Investors, a private investment firm focused on investing in middle market companies, to complete the transaction.

This transaction places Phillips on the path to continued success, as we expand our solutions to customers and users worldwide. We’re excited about executing on the many growth opportunities in front of Phillips with the help of our new partners at Gemini.

Ken HurleyPresident & CEO, Phillips

Known for its iconic brand, Phillips has been a world leader in innovative fastener drive systems since its founding in 1935, supplying solutions to fastening challenges in aerospace, automotive, construction, industrial and other markets. The Company brings significant benefits and savings to customers and users worldwide, through design and distribution, and the application of an exceptional portfolio of patents and trademarks.

Ian Cookson, Managing Director at Headwaters MB, commented, “It is a privilege to work with these great people and help position such a globally renowned company for the next phase of growth.”

Financing was also provided by Enterprise Bank and Massachusetts Capital Resource Company. Terms of the transaction were not disclosed.

Awards & Accolades

  • 2016: USA Private Equity Small Markets Deal of the Year