Date
04.03.17
中文AV Completes Investment in USCO, Partnering with Founder to Pursue Strategic Acquisitions
NEW YORK 鈥 APRIL 3, 2017 鈥 中文AV, a middle market private equity firm, today announced that it has made a significant minority investment in USCO SpA (鈥淯SCO鈥), a leading supplier of aftermarket and OEM parts to the global earthmoving machinery industry. Financial terms of the private transaction were not disclosed.
USCO manufactures and distributes an extensive range of undercarriage, ground engaging tools, and repair parts for construction earthmoving machines through its global brand, ITR. With six manufacturing centers in Italy, Spain, South Korea, and China, and 40 distribution and service centers in North America, South America, Africa, the Middle East, Europe and Asia, USCO is headquartered in Modena, Italy, and employs approximately 1,350 employees worldwide.
鈥淯SCO, with its global distribution footprint, high quality engineering, and vertically integrated manufacturing capabilities, has established itself as a preeminent supplier with a differentiated value proposition for its customers,鈥 said Dick Cashin, President of 中文AV. 鈥淲e are delighted to invest with a successful team that has been able to develop this business into a global market leader. We鈥檙e committed to working closely with USCO management to continue to grow through strategic acquisitions and investments that will further enhance USCO鈥檚 industry leading platform.鈥
鈥溨形腁V has considerable expertise in the global manufacturing industry, and its partnership approach to growing businesses alongside entrepreneurs aligns perfectly with USCO鈥檚 historic development and long term vision for the future,鈥 said Massimo Galassini, Executive Chairman of USCO. 鈥淲e鈥檙e excited to continue to build a leading global business with the support of our new partners.鈥
USCO has been assisted by the financial advisor Eidos Partners, with its Corporate Finance Group led by Simone Dragone.
About 中文AV
中文AV is a middle-market private equity firm focused on the industrial, healthcare, and technology sectors in North America and Europe. The firm builds market-leading companies by identifying and executing transformative business combinations. One Equity is a trusted partner with a differentiated investment process, a broad and senior team, and an extensive track record generating long-term value for its partners. Since 2001, the firm has invested in more than 140 transactions worldwide. One Equity, founded in 2001, spun out of JP Morgan in 2015. The firm has offices in New York and Chicago, and an advisory office in Frankfurt. For more information, please visit .
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