FRUITPORT, Mich., Sept. 12, 2016 /PRNewswire/ -- Motion Dynamics Corporation, a Fruitport, Mich.-based manufacturer of custom wire components for the medical, electronics, aerospace and military markets, today announced its strategic partnership with Vance Street Capital, a Los Angeles-based private investment firm.
Motion Dynamics manufactures some of the smallest and most difficult wire components in the world. The company focuses primarily on the design, engineering, production and assembly of high quality wire components and sub-assemblies for medical device applications.
"Our company has achieved significant growth and performance since its inception, and we have been seeking the right opportunity to significantly accelerate that growth and take our performance to an even higher level," said Chris Witham, president of Motion Dynamics. "Given this strategy, we believe that now is the ideal time to bring in a strategic investor to deliver on our business goals, and Vance Street Capital, with over two decades of experience and a proven track record, is the right partner to help us achieve that next level of growth."
Vance Street Capital is a private investment firm which primarily invests in middle-market businesses that are established leaders in providing highly engineered solutions for niche markets in the aerospace, defense, industrial and medical sectors.
Motion Dynamics was advised throughout the transaction process by Charter Capital Partners, exclusive financial advisor in the transaction. Principals of Charter Capital Partners acted on behalf of the company in their capacity as licensed investment banking agents of M&A Securities Group, Inc. Miller Johnson served as legal advisor.
"We worked closely with Chris to identify the best match to continue his vision of the company," said Jason T. Byrd, managing director at Charter Capital Partners. "With its unmatched expertise in providing strategic support and investment capital to companies in the medical and aerospace operations, Vance Street Capital presents a unique ability to assist current leadership in further enhancing the company's robust growth."
Chris Witham and the existing management team will continue to lead the company.
About Motion Dynamics Corporation
Motion Dynamics was founded in 1992 by Chris Witham's father, Dick Witham. The company operates and distributes its products out of a 40,000-square-foot facility in Fruitport, Michigan. The company specializes in fine and ultrafine wire diameters, unique alloy types and shapes, and high precision, tight tolerance products. Highly experienced with the demands of the product development and production process, the company offers some of the shortest lead times in the industry. To learn more, visit motiondc.com.
About Charter Capital Partners
Established in 1989, Charter Capital Partners is recognized as one of the Midwest's premier investment banking firms, with offices in Michigan and Indiana. The firm offers solutions covering the full continuum of capital, including buy-side and sell-side advisory, business valuation, exit planning, and capital raise for start-ups, acquisition and growth capital. To learn more, visit chartercapitalpartners.com.
About Vance Street Capital
Vance Street Capital is a Los Angeles-based private investment firm which invests in middle-market businesses in the medical, aerospace, defense and industrial sectors. For over two decades, Vance Street's partners have worked with management, family owners and other co-investors to accelerate revenue growth, improve operations and acquire strategic assets for the companies in their investment portfolio. To learn more, visit vancestreetcapital.com.
To view the original version on PR Newswire, visit:http://www.prnewswire.com/news-releases/motion-dynamics-corporation-announces-strategic-partnership-300325628.html
SOURCE Motion Dynamics Corporation