ELKHART, Ind., Dec. 16, 2015 /PRNewswire/ -- Speedgrip Chuck, Inc. (or "Speedgrip"), an Elkhart, Ind.-based designer and manufacturer of highly engineered workholding mechanisms, has been acquired by an affiliate of Stratford-Cambridge Group, a private investment firm headquartered in Plymouth, Mich.
Speedgrip was founded in 1946 and operates and distributes its products out of its facility in Elkhart, Indiana. The company has a strong commitment to its customers, quality, engineering and its highly trained employees. The company is a nationally recognized leader in the workholding industry for its ability to engineer and deliver highly customized solutions for its clients around the globe.
Speedgrip attributes its success to consistent and strong relationships with its global client base and strong management team that will remain focused on operating excellence and driving revenue growth through product innovation and customization well into the future.
Speedgrip was advised throughout the transaction process by Jason T. Byrd of Charter Capital Partners, which served as the exclusive financial advisor in the sale. The acquirer, Stratford-Cambridge Group, is a private investment firm focused on buying and building value within Midwest-headquartered industrial companies.
"Charter worked closely with Speedgrip's ownership to find a successor that would further the company's dedication to customer service and help build upon its existing value-add proposition to its market," said Jason T. Byrd, Managing Director, Charter Capital Partners. "By supporting the current leadership and their future plans for the company, Stratford-Cambridge Group will help elevate Speedgrip to greater levels of financial and operational performance."
About Speedgrip Chuck, Inc.
Since 1946, when Speedgrip first developed their standard line of I.D. collet chucks, locators, and mandrels, the company has approached every new workholding challenge with an eager and open-minded attitude. Today, Speedgrip is a recognized leader in engineering and manufacturing workholding mechanisms for the machining industry. Speedgrip's nearly 70 years of success in the workholding niche industry is a testament to the heritage that was built by the founding family and the generations that came after them. To learn more, visit speedgrip.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 Stratford-Cambridge Group
Stratford-Cambridge Group is a private investment firm focused on buying and building value within Midwest headquartered companies primarily in the industrial sector. The companies it seeks to acquire have value building propositions that are actionable and attainable. By instituting leadership, a compelling vision and strategy along with solid business practices, the firm pushes companies to the next level in regard to financial performance and value. SCG is based in Plymouth, Michigan. For more information, visit stratfordcambridgegroup.com.
SOURCE Charter Capital Partners