Non-public funding agency Monomoy Capital Companions has offered Astro Shapes, LLC, a producer of customized aluminum extrusions, to Wynnchurch Capital.
Headquartered in Struthers, Ohio, and based by Bob Cene, Sr. in 1971, Astro Shapes is a family-operated producer of aluminum extrusions. The corporate primarily serves the constructing merchandise and leisure automobile markets via three amenities throughout the Midwest and Northeast. Astro Shapes operates computerized extrusion presses able to creating and manufacturing customized extrusions in additional than 14,000 sizes and styles in painted, thermal, anodized, and different finishes.
Monomoy invested within the enterprise in 2020 and has since labored alongside second-generation enterprise chief Paul Cene—who served as CEO throughout Monomoy’s possession—and the administration staff. Astro Shapes will proceed to function underneath its present administration staff led by Steve DeVoe, who was promoted to CEO.
“The success Astro Shapes has skilled throughout our partnership with Monomoy isn’t solely as a consequence of tactical enhancements but in addition the holistic value-creation strategy we’ve got executed collectively,” says Cene, who transitioned to an advisory function on Astro Shapes’ board of administrators. “On behalf of my household, we’re pleased with the Astro Shapes staff and grateful for Monomoy’s management. We want Steve and your complete firm continued development and success.”
“Monomoy is honored to have partnered alongside Paul and a faithful administration staff to supercharge the expansion of the Astro Shapes enterprise,” stated Monomoy Accomplice Jaime Forsyth. “We achieved success via our co-development of key operational initiatives that resulted in vital development throughout a market downturn. We wish to congratulate Paul, Steve, and your complete Astro Shapes staff, who needs to be very pleased with the legacy they’ve constructed, and need your complete firm continued success on this subsequent chapter with Wynnchurch.”
