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Auxo Investment Partners Acquires Avon Machining

Jun 05, 2023•over 2 years ago

Acquiring Company

Auxo Investment Partners

Acquired Company

Avon Machining

Angel InvestmentVenture Capital

Description

Private investment firm Auxo Investment Partners announced today that it has acquired Avon Machining, a Shelby Township, Michigan-based precision manufacturer of complex machining solutions, including high precision gears, transmission parts, bearings, housings, and axle shafts for the construction, mining, agriculture, industrial, electrical vehicle, chemical, oil and gas, and defense industries. This acquisition is the fourth platform investment made through Auxo's Michigan Opportunity Fund.

Company Information

Company

Auxo Investment Partners

About

Auxo Investment Partners is a Grand Rapids, Michigan-based private investment firm that partners with owners and management teams of companies at transition points in their history. Auxo's flexible capital model allows for long-term, growth-oriented decision-making without artificial deadlines. The structure was specifically designed for family businesses facing a generational transition or management teams seeking a partner to fuel growth and achieve their full potential with a long-term investment approach. Auxo's unique philosophy aligns the interests of its companies, their employees, the communities in which they are located and its investors to achieve optimal outcomes for all. As our name reflects, we are not merely investors, but partners. For more information, please visit www.auxopartners.com. Media Contact:Kara Potter616-980-9810 kpotter@auxopartners.com SOURCE Auxo Investment Partners

M&A Insights

Based on deal data
Integration timeline
70% of M&A integrations take 12-24 months to complete
Tech stack consolidation
83% of merged companies consolidate technology vendors within first year
Post-acquisition investment
Companies increase IT spending by 23% on average after acquisitions
Success factor
M&A deals with strong technology integration plans are 2.5x more likely to succeed