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Date ArticleType
7/24/2018 Member News
Berwind Corp. Completes Purchase Of Maxcess From Bertram Capital

Berwind Corp. Completes Purchase Of Maxcess From Bertram Capital

Bertram Capital has completed its sale of WH Acquisitions, Inc., the parent company of Maxcess, to Berwind Corp. Maxcess is a leading global manufacturer of systems and equipment for web-handling applications. Terms of the deal were not disclosed.

“The sale of Maxcess is a prime example of Bertram’s ability to drive and successfully implement our High Five investment strategy. Through selective and accretive acquisitions and execution of a well-defined value creation plan, Bertram built a powerful industry leader,” says Jeff Drazan, managing partner-Bertram Capital.

“I would like to specifically recognize Bertram’s Industrial Team, led by Kevin Yamashita, Tim Heston, Cory Landerfelt, and Soraya Hoberman. We successfully built a global market leader by supporting the vision and tireless work of the Maxcess management team. Our technology specialists at Bertram Labs succeeded in developing end-to-end solutions for Maxcess that improved operational efficiencies and opened pathways for significant future growth.”

The Maxcess family of brands holds a leading global position in guiding, winding, slitting, tension control, and precision rolls systems, which are critical components of web processing lines used in a wide array of end markets and material applications. Bertram Capital completed five acquisitions for the Maxcess platform including Webex, Fives North America Guiding, Valley Roller, Menges Roller, and Componex.

“The closing of the Maxcess transaction represents the culmination of a tremendous partnership with an excellent management team, led by Greg Jehlik, and the successful transformation of the company into a highly strategic global platform,” adds Kevin Yamashita, partner and head of Industrials- Bertram Capital. “The combined efforts of the Maxcess and Bertram teams solidified the Company’s global market leadership position, accelerated its growth, and significantly expanded its core addressable market. As the industry’s one-stop shop for customers’ web-handling needs, Maxcess is well-positioned for continued growth.”

"Bertram supported our growth with talent, ideas, resources and capital every step of the way,” says Maxcess CEO Greg Jehlik. “They encouraged us to confidently pursue our global expansion strategy and to seek game-changing acquisitions that transformed Maxcess into a powerful industrial technology platform. Trust and close collaboration were the constant themes of our very rewarding partnership with Bertram, and we cannot thank them enough for their years of support and hard work.”

Industry Partners