Published: November 20, 2009
Grey Mountain Partners Invests in Bolttech Mannings, LLC
PITTSBURGH - (BUSINESS WIRE) - Grey Mountain Partners, LLC ("GMP" ) has made a majority equity
investment in Bolttech Mannings, LLC ("Bolttech Mannings" ), a provider
of technical bolting and heat treating services and products for
industrial applications. The investment provides Bolttech Mannings with
additional capital and resources to enable it to continue providing the
highest quality service and innovative products to its customers, and to
further expand its business through internal growth initiatives or
additional acquisitions of complementary businesses.
"We are very excited about this unique and compelling investment," said
Grey Mountain's Beth Lesniak. "We will work together with this
outstanding management team to continue Bolttech Mannings' reputation of
excellent customer service and best-in-class technical expertise. We see
a solid opportunity to expand Bolttech Mannings' service offering and
geographical reach."
Ms. Lesniak added, "We are thrilled to be partnering with the company's
management team and employees and believe that Grey Mountain's financial
support and experience will be invaluable to the company as they take
the business to the next level."
About Bolttech Mannings
Headquartered in New Versailles, PA, Bolttech Mannings is a leading
service provider in the joint integrity market and the pioneer of the
induction bolt heating process. With a reputation for technical
expertise and innovative technology, Bolttech Mannings is uniquely
positioned as one of the only providers of turnkey bolting solutions -
on-site service, rental tools and product sales with OEM manufacturing
capabilities. Through its 19 field offices located throughout the U.S.,
the company provides maintenance and emergency services to over 400
customers primarily in the power generation, refinery, and petrochemical
markets.
www.bolttech.com
About Grey Mountain Partners
Grey Mountain Partners is a Boulder, CO, based private equity firm that
focuses on building value in partnership with management through
sustainable operational improvement. GMP invests in smaller middle
market companies across a wide range of industries and in transactions
with enterprise values between $30 million and $150 million. For more
information, please visit www.greymountain.com.
Grey Mountain Partners
Shaun Collyer, 303-449-5599
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