Auxo Investment Partners, in partnership with the Rink family, provided an undisclosed amount of investment to Warren, Mich.-based manufacturer Prestige Stamping Inc.
Prestige Stamping is a high-speed niche maker of custom-engineered stampings for the fastener industry. The company seeks to extend its target markets to aviation and engine manufacturing, rail, aerospace and missile defense, heavy truck and other transportation sectors.
Advisers and lenders on the deal included Generational Equity, Miller Johnson PLC, Barnes & Thornburg LLP, BDO USA LLP, Tree Line Capital Partners LLC, Mercantile Bank, Aon PLC, Krauter & Co. and Advantage Benefits.
The middle-market private equity firm focuses on North America-based small businesses, manufacturing, industrial and value-added distribution or business services companies.