Caster Concepts Acquires Modern Suspension Systems
BUYER: Caster Concepts, Inc (www.casterconcepts.com) – Albion, Michigan
Caster Concepts is nationally known as one of the leading middle market manufacturers of branded heavy duty industrial casters and wheels for the automotive, aerospace, food service, and material handling end markets.
SELLER: Modern Suspension Systems (www.modernsuspensionsystems.com) – Rockford, Illinois
Modern Suspension Systems was one of the most innovative pioneers in the caster and wheel industry and manufactured branded product lines of shock isolation, shock absorbtion, and forklift wheels for mission critical applications.
ROLE: The BowPoint team in St. Louis, MO served as the exclusive buy-side investment banker in the transaction, conducted the acquisition search, introduced the seller, and served as the M&A advisor to Caster Concepts.