MFG Partners and Merit Capital Partners have sold Elgen Manufacturing Company to Worthington Enterprises

MFG Partners and Merit Capital Partners have successfully completed the sale of Elgen Manufacturing Company to Worthington Enterprises (NYSE: WOR).

Headquartered in Closter, New Jersey, USA, Elgen is a leading manufacturer and supplier of heating, ventilation and air conditioning (HVAC) parts and components, ductwork and structural framing, primarily used in commercial buildings throughout North America.

Worthington Enterprises is a designer and manufacturer of market-leading brands that improve everyday life by elevating spaces and experiences. The company operates through two primary business segments: building products and consumer products.

MFG is a New York-based private equity firm that invests in manufacturing, value-added distribution and industrial services companies. Merit Capital is a Chicago-based private equity firm providing flexible capital solutions to privately-owned businesses across a range of sectors, including industrials, distribution, logistics and business services.

Oaklins TM Capital, based in the USA, served as the financial advisor to Elgen, a portfolio company of MFG and Merit Capital, in its sale to Worthington Enterprises.