INDIANAPOLIS--(BUSINESS WIRE)--Monument Capital Partners (MCP), an Indianapolis, IN based private equity fund along with partners John Campbell and Joe Mansfield have completed the sale of Separators, Inc. to a strategic buyer. Located in Indianapolis and founded in 1985, Separators, Inc., specializes in servicing and remanufacturing industrial centrifuge equipment used in various industries including: dairy, beverage , bio-med, edible oil, pharmaceutical, meat rendering and industrial fluids.
MCP acquired Separators on June 14, 2005 with John Campbell, and Joe Mansfield. Mr. Campbell has served as CEO and Mr. Mansfield has served as COO/CFO since the acquisition. Both Mr. Campbell and Mr. Mansfield will continue in their roles with the strategic buyer.
“Separators is one of many Indiana companies that have carved out a strong niche in North America. Through John and Joe’s leadership, the Company has increased its footprint in the U.S. and has delivered unmatched quality and service, commented Larry Wechter, one of MCP’s founding partners. “They have delivered exceptional shareholder value and we congratulate them on their commitment to Separators and our shareholders. Additionally, this transaction allows Separators to continue to keep its headquarters and operations in Indiana, an extra bonus for all!”
“We are pleased and look forward to working with our new parent in continuing our mission to be the leading service provider for centrifuges in the markets we serve,” stated John Campbell, CEO. “Although we will miss our partners at Monument, aligning our efforts with our new owner will continue to produce superior results for our customers and employees.”
Monument Capital Partners is a private equity fund based in Indianapolis, IN. Monument focuses on making control acquisitions with existing and/or new management in niche manufacturing, industrial service and value added distribution companies located in Indiana and throughout the Midwest.
Cleary Gull, a Milwaukee based investment bank as well as Ice Miller advised Separators, Inc. on the transaction.