FOR IMMEDIATE RELEASE – October 1, 2014
Southlake, TX – Southlake Equity Group announced today the sale of Waples Manufacturing to an investor group led by Banyan Mezzanine Fund II, LP.
Southlake Equity Group acquired Waples Manufacturing in 2012. Waples Manufacturing is a leading build-to-order precision machining company focused on serving the energy, aerospace, telecommunications and printing industries, among others. Waples Manufacturing is located in Fort Worth, Texas.
In announcing the sale, Tom Keene, Managing Partner at Southlake Equity Group, said: “We have been honored to partner with the management team at Waples for the past two years and have enjoyed the opportunity to help the company expand its manufacturing capabilities, customer base, and product line.”
About Southlake Equity Group
Southlake Equity Group is a private investment firm focused on acquiring middle market companies in its region, and building industry-leading manufacturing and business service companies. The firm partners with management teams to develop and implement long-term strategies to create industry leaders in the middle market.