Press Releases


ROTO-FLO AND U.S. GEAR TOOLS, INC. HAVE BEEN ACQUIRED BY ANDERSON-COOK, INC.

Birmingham, Michigan – June 28, 2017 – Angle Advisors is pleased to announce that Roto-Flo and U.S. Gear Tools, Inc. (collectively, the “Companies”), subsidiaries of U.S. Group, Inc., have been acquired by Anderson-Cook, Inc. (“Anderson-Cook”).  Angle Advisors acted as the exclusive investment banking advisor to the Companies in completing this transaction.

LogosHeadquartered in Detroit, MI, the Companies are pioneers and leaders in the development and production of precision, horizontal spline rolling and threading machines, highly engineered rolling rack tooling, and low volume spline rolling production.  The Companies’ machine tools and racks are utilized in the manufacture of critical components and assemblies in a wide variety of automotive and other on-highway sectors as well as off-highway end markets.  The Companies serve customers globally operating from two facilities located in Detroit, MI and Swannanoa, NC.

Paul Simon, President and second-generation owner of the Companies said, “The Roto-Flo name is synonymous with horizontal spline rolling and is recognized throughout the world.  Over many decades, the Companies have established themselves as leaders in the industry and we are confident that Anderson-Cook will be able to expand on that success well into the future.  We are also pleased that the Companies will continue forward with a new owner that is committed to USA manufacturing as we have been. Further, we would like to thank Angle Advisors for their support, execution and advice throughout this transaction.  We know that their in-depth knowledge of the business, industry and market participants was critical to achieving a successful transaction.”

Craig Everlove, President of Anderson-Cook Machine Tool, commented, “We have long respected the quality of the Companies’ products and high levels of service provided to its customers.  We are very excited to add the Roto-Flo and U.S. Gear Tools brands which will further augment our product portfolio and enhance Anderson-Cook’s leading position in the industry.”

Anderson-Cook is a diversified manufacturer of machine tools and related tooling, as well as an integrated provider of seating mechanism and powertrain components.  These products and components are utilized primarily in the automotive and related vehicular sectors.  Anderson-Cook has extensive capabilities in a variety of processes, including hobbing, stamping, CNC machining, cold forming, grinding and assemblies. For additional information, please visit www.andersoncook.com.

Angle Advisors, with offices in the United States, Germany, the United Kingdom, and China, specializes in mergers and acquisitions and capital raising with a particular emphasis on the vehicular and industrial sectors. The firm’s 37 professionals have completed 175 transactions since 2009 for multinational corporations, privately-held companies, private equity funds, and public sector clients. For additional information, please visit www.angleadvisors.com.