Promus Equity Partners has acquired Harwood Heights, Illinois-based manufacturing services provider Quality Control Corp (renamed QCC, LLC).
Aldine Capital and First Capital Partners provided mezzanine debt and participated in the equity investment. Cole Taylor provided a senior credit facility.
Founded in 1951 by the late Richard C. Michalek, QCC has remained in the ownership of his family until now. Led by President and CEO Greg Willard, the business, which supports companies such as Sauer-Danfoss, Parker Hannifin and Woodward, focuses on precision machining and assembly, allowing original equipment manufacturers of hydraulics, fluid power and aerospace products to dedicate to their primary product lines and core competencies by outsourcing non-core or legacy-stage manufacturing and assembly requirements.
FinSMEs
24/04/2012