Livingstone’s Industrial team have advised Keystone Capital on the sale of its portfolio company, Atlas Die, LLC, a leader in the die manufacturing industry, to Auxo Investment Partners. Livingstone acted as the exclusive financial adviser to Atlas and Keystone.
Founded 65 years ago, Atlas Die is a leading manufacturer of highly engineered steel rule, flexible, and solid rotary dies and tooling to blue-chip customers in the consumer packaged goods, food & beverage, healthcare, pharmaceutical, and general industrial sectors.
Atlas Die Chief Executive Officer Ken Smott stated: “Our friends at Keystone Capital have been terrific partners to Atlas for over a decade. Through the sale process, Auxo emerged as the ideal partner to support Atlas’ next chapter of continued growth in supporting our customers.”
“We view ourselves as stewards of our partners’ capital and of the legacies of our portfolio companies, their owners, and their team members. As such, we’re honored to have the opportunity to assist the teams at Atlas Die and Bernal achieve their full potential and to continue to serve their customers with the market-leading service they are known for,” said Auxo Managing Partner, Jeff Helminski.
Jack Kolodny, Managing Partner, Auxo added: “We see a tremendous opportunity to further grow and scale Atlas Die and Bernal and to drive new sales and revenue growth.”
Keystone Capital Managing Director David Greer commented: “We trusted Livingstone for this important transaction due to the firm’s deep sector experience, as well as its track record for unrelenting client advocacy. The Livingstone team partnered closely with Atlas management and remained creative and committed to crafting a great deal. Livingstone’s combination of industry expertise and deal-making acumen yielded an extremely successful transaction.”
Karl Freimuth, Managing Director at Livingstone commented: “We are proud to have advised Atlas on a successful sale and to have worked with an important private equity client in Keystone. The Atlas transaction represents the 21st deal completed by Livingstone’s global Industrial team in the last 12 months.”
Honigman Miller Schwartz and Cohn LLP served as legal counsel to Atlas Die. Miller Johnson and Barnes & Thornburg served as legal counsel to Auxo. BDO, USA LLP provided accounting diligence services to Auxo.