December 14, 2023
Le Sueur Incorporated(“LSI”), a portfolio company of Delos Capital, and a leading supplier of complex aluminum castings, machined castings, and plastic injection molded components, completed the acquisition of Craft Pattern and Mold (“Craft”).
Craft, based in Montrose, MN, is a rapid prototyping and complex metal and plastics component manufacturer. Craft has over 30 years of industry experience and has established itself, along with its skilled employees, as a leader in delivering high-quality parts to customers.
“We are excited to welcome the Craft team as a critical step in our company's development. Our goal is to provide our growing customer base with the products and services they are asking for, and Craft is a key to that expanded offering,” said Greg Paolini, President & CEO at LSI.
“The acquisition of Craft is highly complementary and will provide LSI with additional capabilities,enabling an end-to-end service offering for our customers,” said Jordan Mondshine, Principal at Delos Capital. “We are thrilled to partner with Tony and Lisa Cremers and look forward to building upon their successes and accelerating growth.”
“Craft Pattern is excited to partner with LSI and Delos Capital and the growth potential it will provide. We feel it is a recipe for continued success and can’t wait to see how this collaboration takes Craft and LSI to the next level”, said Tony Cremers, Craft’s President and Owner
Silverfern, a global middle-market investment management firm, provided an equity investment in support of the transaction. Ironwood Capital and Genesis Park provided debt and equity investments in support of the transaction.
About Le Sueur Incorporated
LSI, based in Le Sueur, MN, is a leading supplier of complex and pressure-tight aluminum castings and plastic injection molding components. LSI specializes in utilizing permanent mold, sand casting, die casting, plasticinjection molding, and precision machining manufacturing processes, with its dedicated engineering team to provide customers with the most cost-effective method of manufacturing. Additional information is available at https://www.lesueurinc.com/.
About Delos Capital
Delos Capital is a lower middle-market private equity firm specializing in management buyouts, recapitalizations, and growth investments. Additional information is available at www.deloscap.com.
About the Silverfern Group
Silverfern is a global middle-market investment management firm.Additional information is available at www.silfern.com.