CHICAGO--(BUSINESS WIRE)--Knox Capital Holdings, LLC (“Knox Capital”) announced today that it has invested in and become a significant strategic shareholder of Stancor, Inc., a leading designer and manufacturer of electric submersible pumps, controls and related replacement parts and accessories for critical heavy industrial applications in the mining, utility, commercial construction and wastewater industries, among others.
Alex Gregor, Founder and Principal at Knox Capital, said, “Our investment in Stancor is a direct result of our focus on providing the management plan needed to reach a new plateau of long-term, sustainable growth. We are excited about Stancor’s potential.” In support of the transaction, Longview Asset Management and Bratenahl Capital invested alongside Knox Capital.
In partnership with management, Stancor will work closely with Knox Capital’s operating team, led by Principal Tom Nugent, to manage a transition for Stancor’s existing owners and employees to continue to offer Stancor’s innovative and industry-leading products to its loyal distributors and broad customer base.
Alan Tenney, President of Stancor, commented, “This transaction represents a very significant milestone for Stancor. Knox Capital’s access to sizable permanent capital resources, along with the experience and expertise of Mr. Gregor and his team, will provide management with an opportunity to grow in the marketplace, expanding its product and service offerings, and to focus on ensuring the best outcome for the business, including its customers, suppliers and employees.”
About Knox Capital
Knox Capital, LLC is a private investment firm headquartered in Chicago, Ill. Knox Capital invests in middle-market founder- and family-owned companies that hold fundamental value but need a collective mix of operating and capital resources to accelerate growth. To support our operating-driven investment strategy, Knox Capital is supported by a select group of the country’s leading family offices, and takes a long-term view on building foundational value in its investments.
About Stancor Inc.
Stancor Inc. is headquartered in Monroe, Conn. Stancor is a leading manufacturer of electric submersible pumps and controls. Stancor’s pumps and controls are built to the most demanding specifications and are available in a wide variety of designs and materials.