Gulf Coast Machine & Supply Company

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Project Description

Gulf Coast Machine & Supply Company

IOP Fund I

Acquisition Date: February 2008
Status: Exited
Headquarters: Beaumont, TX
Exit Date: October 2012
Acquirer: Altus Capital Partners
Add-on Acquisitions:

No

DESCRIPTION

Manufacturer of large forgings for use in the oil and gas, petrochemical, wind energy and general industrial markets.

OPERATING THESIS

Supplemented and provided leadership to existing management team.

Created fundamental improvement in performance:

  • Supported the installation of a new large forging press and related furnaces in order to increase capacity and improve efficiency
  • Identified and executed on growth opportunities in existing and new markets