MPE Partners' portfolio company Webster Industries has acquired Bar Holdings, Inc., doing business as Allor Manufacturing and Plesh Industries.
Allor is a provider of new replacement parts, and refurbished components primarily for the steel industry. The company manufactures and services a wide range of aftermarket products for leveling and conveyance systems including chains, wheels, levelers, work rolls, and bearings.
Allor President Tony Allor and the company's management team participated in the deal.
“Allor has a rich history and sterling reputation, with Tony establishing the company as the go-to-provider in its industry." AJ Felter, Chief Executive Officer of Webster, said in a statement. "We look forward to better serving our combined customer base with a broader set of chain and leveling products and aftermarket service capabilities.”
Fidelity Direct Lending and Apogem Capital provided financing to support the transaction. Jones Day served as legal advisor to MPE. Carleton McKenna & Co. served as financial advisor to MPE.
Terms of the deal were not disclosed.
