Press Release

MPE Partners (“MPE” or “Morgenthaler Private Equity”), a Cleveland, OH and Boston, MA-based private equity firm announced today an investment in Tiffin, OH-based Webster Industries, Inc. (“Webster” or the “Company”), a domestic leader in Engineered Class Chain, Engineered Class Sprockets and Vibratory Equipment serving diversified end markets, including Forest Products, Grain, Recycling, and Aggregates, among others. Hahn Loeser & Parks LLP (“HLP”) provided sell-side legal counsel.

MPE partnered with the Company’s seasoned management team who have decades of industry experience. Andrew “AJ” Felter, President and Chief Executive Officer, and Dean Bogner, EVP & Chief Commercial Officer, and all leaders will maintain their respective roles at Webster post-close. This partnership reflects a shared vision for the platform’s future, where the expertise of MPE and execution-oriented professionals at Webster plan to leverage the Company’s growth and innovation.

AJ Felter stated, “With sincere appreciation, we extend special thanks to Chris McKenna and the team at CM&Co for their exceptional M&A advisory services. Since 2020, CM&Co has played a pivotal role in guiding Webster through strategic buy-side acquisitions, contributing significantly to our inorganic growth and value maximization objectives.

Their expertise and proactive approach have proven invaluable, culminating in the successful sale of Webster’s employee stock ownership plan (ESOP) to MPE, in collaboration with Webster management. CM&Co’s unwavering dedication, professionalism, extensive analytical skills, and strategic insights have positioned them as the trusted partner essential to navigating us through a successful M&A process.”