Peterson American Corporation

Visit Website

Investment Date:

April 2019

Exit Date:

Current

Fund:

Fund I

Sector:

Spring Manufacturing, Wire Forming

Headquarters:

Southfield, MI

Footprint:

12 facilities across the US, Canada, Mexico and the UK

Revenue:

~$110 million

End Markets:

Industrial, Racing, Automotive Aftermarket, Truck & Trailer, Automotive OEM

Peterson American Corporation is a designer and manufacturer of highly engineered springs, wire forms, retaining rings, clamps, stampings, and a variety of related sub-assemblies. The Company serves a diverse set of end markets that span automotive OEM, industrial, motorsport/racing, truck & trailer, heavy equipment, and consumer products.

Add-On Criteria

Geography: North America
Size: $1.5M+ of EBITDA
End markets: racing/motorsport, high margin industrial

Products/applications: racing springs, valvetrain components, specialty fasteners, medical/aerospace wire forms
Capabilities/services: machining, wire forming, assembly

Peterson Company Management

Mike Putz

President

Mike joined Peterson in 2020, after having most recently served as Alco’s President & CFO. Prior to joining Alco, Mike spent eight years at MPI Products, including four years as Chief Financial Officer and four years as Chief Operating Officer. Mike holds a B.A. in Accounting and an M.B.A. from Wayne State University.

Jay Brown

CFO

Jay joined Peterson in 2020, having most recently served as turnaround CFO in a private equity-owned energy company. He has also held CFO / Turnaround positions in stamping, heavy equipment, and Tier 2 automotive, with additional experience in the manufacturing, defense and government sectors. Jay has 35+ years of experience in finance, and holds a B.A. in Literature and an M.B.A. in Finance from the University of Michigan.

Independent Board Members

Barry Green

Partner at HunterPoint Management Consultants

Barry Green is a turnaround specialist, implementing change in companies undergoing or requiring transformation, and has served on a number of boards in both executive and independent roles. Barry is a UK Chartered Accountant, holds an MBA from The Wharton School, and a BA in economics from Manchester University in the UK.

John Miller

Self Employed

John spent 30+ years in senior procurement and operations roles at Honda, Motorola, Nissan and Whirlpool, most recently as SVP Global Sourcing for Whirlpool.