MONTICELLO, Minn. & AUSTIN, Texas--(BUSINESS WIRE)--Standard Iron today announced the acquisition of Helgesen Industries.
Helgesen Industries (“Helgesen”), is a manufacturer of fluid conditioning tanks and other complex fabrications serving a wide range of industrial end markets, including construction, agriculture, aerial lift equipment and power generation, among others. Helgesen primarily operates out of two facilities in Hartford, WI (HQ) and has operations in Poland and Brazil. The company offers a complete line of standard and proprietary products with a deep emphasis on providing an engineered solution for its customers’ diverse needs.
The acquisition strongly complements Standard Iron’s complex and heavy fabrications manufacturing practice. Moreover, the addition of Helgesen’s locations expands Standard Iron’s highly strategic footprint which includes locations in the Midwest, Southeast and Mexico. The combination of the organizations provides OEMs across several global end markets with a wide range of capabilities related to mission critical parts.
“We are proud to announce the addition of Helgesen to the Standard Iron family,” said Rich Demeules, Chairman of Standard Iron. “I have known Helgesen and their ownership, Tom and Nate Marshall, for many years. Helgesen has a strong reputation in the market and is a leader in engineered offerings, including fluid conditioning tanks and other complex fabrications. I am particularly excited about how the partnership will allow the combined company to serve its OEMs in an expanded way.”
Tom Marshall, Helgesen Industries Managing Partner, added, “We are excited to join the Standard Iron organization. In addition to a great historic relationship and strong organizational cultural fit, our team was drawn to the commercial fit of the organizations and the impact of the enhancements we can offer our customers in terms of products and service. Together, the combined organization will have a leading geographic footprint and specialized capabilities to offer to our OEM partners.”
Standard Iron is majority owned by an affiliate of private investment firm Owner Resource Group LLC (“Owner Resource Group” or “ORG”). ORG Managing Director, Tapan Modi, said, “We are excited about our partnership with Standard Iron and Helgesen, and the long-term growth potential of the combined organization. We believe this transaction supports the collective vision of the management teams to be a critical and trusted manufacturing partner to OEM customers. The combination will allow the business to expand its product offerings, enhance innovation and deliver industry-leading service. We look forward to supporting the team’s efforts to realize the organization’s full potential.”
The acquisition officially closed on Friday, August 2, 2024. Standard Iron intends to continue marketing Helgesen Industries products under the Helgesen name.
For more information, please visit www.std-iron.com and www.helgesen.com.
About Owner Resource Group
Founded in 2008, Owner Resource Group is a private equity firm based in Austin, TX. ORG has invested in companies across the manufacturing, distribution and business services sectors that represent over $1.3 billion in total enterprise value. ORG partners with businesses looking for a growth partner and management teams hoping to establish or increase their ownership. For further information regarding ORG and its investments, please visit www.orgroup.com.
About Standard Iron
Standard Iron, founded in 1930, is a heavy metal fabricator with a core focus on complex and heavy-duty parts and assemblies. The company is based in Monticello, MN with five strategically located manufacturing facilities across the Midwest (3), Southeast (1), and Mexico (1). Its products and capabilities serve leading OEMs in a variety of end markets, including agriculture, power generation, construction, and HVAC, among others.
About Helgesen Industries
Helgesen Industries, founded in 1977 and based in Hartford, WI, manufactures highly engineered fluid conditioning tanks and other complex fabrications. With operations in Wisconsin, Poland and Brazil, Helgesen provides both standard and proprietary designs to OEM customers in the construction, aerial lift equipment, power generation and agriculture markets, among others.
