We are pleased to announce the acquisition of Applied Process Inc. and its affiliates (“AP” or the “Company”) from its founder. AP, a provider of high value-added heat treating services, was established in 1993 as a stand-alone organization by John R. (Chip) Keough and his family. The Company’s key process, Austempering, is an isothermal heat treatment that when applied to ferrous materials produces a structure that is stronger and tougher than comparable structures produced with conventional heat treatments. For more information regarding AP’s operations, please visit www.AppliedProcess.com.
This acquisition represents High Street’s fourth platform investment for Fund IV. Dick McClain, an HSC Principal, commented, “High Street Capital is looking forward to working with the world-class leadership team and employees to continue AP’s mission to ‘grow the pie’ for Austempering.”
We are actively seeking new investment opportunities for High Street Capital IV in the areas of outsourced business services, value-added distribution and manufacturing. Please contact us for businesses with revenues between $10 million and $100 million where our capital, experience and ideas could drive future growth.