Acme Industries
Acme Industries, Inc.
Fund: II
Investment Date: May 1998
Exit Date: August 2007
Headquarters: Des Plaines, Illinois
Acme Industries, Inc. (“Acme”), headquartered in Des Plaines, Illinois, specializes in the precision machining of large parts, with computer controlled machining centers capable of handling parts up to 8,000 pounds. Acme’s value-added services include design, engineering, precision machining and prototype machining. Major customers include the Electromotive Division (EMD) of General Motors, Deere and Company and Allison Transmissions.
Merit provided subordinated debt and common stock used to finance the acquisition by current management.