Livingstone’s Industrial sector team has advised the shareholders of Abrasive-Form, Inc. to Calvert Street Capital Partners.
Founded in 1976 and headquartered in Bloomingdale, Illinois, Abrasive-Form is one of the world’s largest independent precision creep-feed grinding manufacturers serving the industrial gas turbine (“IGT”), aerospace, automotive, and general industrial sectors. The company’s product portfolio includes 400+ custom-engineered metal component parts including turbine blades, vanes, shrouds, rotors, and sprockets.
Calvert Street focuses on partnering with owner-operators and managers of family-owned and identified Abrasive-Form as a priority investment target early in the sale process.
“We are thrilled to have found a partner who shares our vision for the next evolution of Abrasive-Form. With their growth orientation and operational expertise, Calvert Street will help us accelerate the implementation of our strategic growth plan to better serve our global customer base,” said John Harig, President of Abrasive-Form.
Ken Kummer, Founder and CEO of Abrasive-Form added: “Livingstone’s Industrial team immersed themselves in the unique intricacies of our business, developed an outstanding offering package, and provided sound advice throughout the process. Livingstone’s thoughtful approach and professionalism from deal inception to closing were critical to delivering a successful transaction outcome.”
“Under the stewardship of Ken Kummer, John Harig, and the Abrasive-Form management team, the company has developed a leading global market position in the niche precision form grinding sector,” said Karl Freimuth, Director at Livingstone Chicago. “We are proud to have advised Abrasive-Form on a successful sale and to have found an ideal partner in Calvert Street to support the Company’s ambitious future growth plan.”