Vance Street Capital LLC, a Los Angeles-based private equity firm, has purchased Mountain Manufacturing Technologies, a research and development-driven contract manufacturer.
Mountain, headquartered in Lino Lakes, Minn., offers machining and fabricating capabilities for product design, prototyping, component manufacturing and volume production. The purchase of Mountain was made to complement Vance Street’s partnership with Wytech Industries, a manufacturer of core wires, ground and straightened wires and hypotube-based components, which was made in November 2020.
“As we searched for partners that could complement Wytech’s position of high volume dead straight mandrels to the interventional market, we became very excited as we learned the depths of Mountain Manufacturing’s mandrel expertise,” comments Mike Janish, managing partner at Vance Street. “From every aspect, Mountain’s position as a specialty mandrel supplier for large diameter, hollow core, grooved mandrels, and specialty metals is a perfect fit to Wytech’s scale and volume.”
Mountain Manufacturing was represented by Northborne Partners LLC and Ballard Spahr LLP. Paul Hastings LLP served as legal advisor to Vance Street and Wytech on the transaction. Debt financing for the transaction was provided by BMO Sponsor Finance and Apogem Capital. Terms of the transaction were not disclosed.