Adams Magnetic Products acquired by High Street Capital

Stevenson completes sale of Adams Magnetic Products

Result:    Business Sold to Private Equity Buyer

Industry: Distribution — Engineered Products 

Adams Magnetic Products, a distributor and fabricator of magnetic parts and assemblies headquartered in Elmhurst, IL, with additional facilities in Carlsbad, CA, Elizabethtown, KY, and Rochester, NY, was sold to Chicago-based High Street Capital. Stevenson & Company was the exclusive sale advisor to Adams Magnetic Products.

Adams Magnetic Products is a value-added fabricator and distributor of specialized magnets. The Company offers a complete line of magnetic products, consisting of over 2,000 SKUs, serving basic and complex customer needs. A dedicated engineering department provides custom solutions.  A full complement of equipment for conversion and in-house fabrication allows the production of fully assembled products.

Adams represents High Street’s ninth platform investment for Fund V.  Derek Gollnitz, an HSC investing Vice President, commented, “Over its eight decades in business, Adams has positioned itself as a proven leader in a strong market with a high-performing management team, outstanding industry reputation, and supportive employee culture.  The Company is an excellent fit for what we seek in a platform investment and we look forward to helping maintain the Company’s impressive growth trajectory.”

John Cosmas, COO of Adams, remarked “We are excited about joining with High Street. The guidance that Stevenson provided was critical to help us sell our business. They led us through a robust marketing program and were instrumental during an extensive due diligence and negotiation process. Stevenson was sensitive to our needs as long-term owners of a family business and their efforts resulted in a great outcome for everyone”.