Fives North American Combustion, Inc., a subsidiary of France-based Fives Group, has sold Guiding Systems Business (GS) to Maxcess International Corporation, a portfolio company of Bertram Capital. Financial details of this transaction have not been disclosed.
GS, founded in 1957, is a leading provider of innovative guiding technologies for the web handling industry throughout North America and internationally. The company provides engineered systems, aftermarket parts and complete standard hardware solutions as well as expert field technical service to equipment requiring precise monitoring, particularly in the metals, tire and rubber, and printing and textile industries.
Maxcess, based out of Oklahoma City, OK, is a designer and manufacturer of industrial rolls, converting components, and specialized machinery for web handling and converting applications. Maxcess includes the Webex, Fife, Tidland and MAGPOWR brands.
Fives North American Combustion, Inc. and its subsidiaries provide industrial combustion equipment, and furnace retrofit of combustion systems for nearly a century. The creative energy and engineering expertise of the teams come together to provide the best in class technology; supplying breakthrough new products, end-point technology, and solutions that improve customer’s facility's performance, and bottom line.
Oaklins' team in Cleveland served as the exclusive advisor to Fives North American Combustion, Inc. in this transaction.
Mark A. Filippell
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