Translink Corporate Finance in the United States initiated the acquisition of Webster Industries, a market leading manufacturer of engineered class chain, engineered class sprockets, and vibratory equipment for material handling and power transmission applications across diverse industrial end markets, by MPE Partners.

MPE Partners (“MPE” or “Morgenthaler Private Equity”) acquired Webster Industries, Inc. (“Webster” or the “Company”), from its employee-owned stock ownership plan and partnered in the transaction with the current management team, including Andrew J “AJ” Felter, President and Chief Executive Officer, and Dean Bogner, EVP & Chief Commercial Officer, who will continue to lead Webster in its next phase of growth.

AJ Felter noted, “MPE’s cultural fit, experience with ESOPs, and successful history of providing strategic and operational resources to help accelerate growth made them the preferred partner for Webster.”

Dean Bogner further commented, “This transaction marks a significant milestone for Webster and its employees and customers. We remain steadfast in delivering innovative solutions to our customers and are excited about the opportunities that lie ahead of us working with MPE.”

Constantine Elefter, Partner at MPE, said, “We are thrilled about our investment in Webster. The Company has an enviable position in its served product categories and markets driven by strong customer-first centricity. In partnership with AJ and Dean, we plan to accelerate growth by investing in the team and enterprise and we see numerous organic growth opportunities for continued product innovation and end market expansion.”

Tom Wyza, Vice President at MPE, added, “We are equally excited about pursuing complementary add-on acquisitions that enhance Webster’s value proposition.”