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INDUSTRIAL | Manufacturing / Industrial Equipment & Component Manufacturing
hastingsmfg.com

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Stage

Acq - Fin | Alive

About Hastings Manufacturing Company

Hastings Manufacturing Company is a manufacturer of high-quality piston rings that improve combustion efficiency and reduce oil consumption. The company designs, processes and manufactures piston rings globally for the worldwide engine manufacturing and remanufacturing industries. Hastings holds TS16949 and ISO14001 registrations, and is an approved piston ring supplier to aftermarket specialists and OEMs worldwide.In June 2013, Hastings Manufacturing Company was acquired by RFE Investment Partners. The valuation of Hastings Manufacturing Company was undisclosed. Other terms of the deal were not released.

Hastings Manufacturing Company Headquarter Location

325 N Hanover Street

Hastings, Michigan, 49058,

United States

269-945-2491

Latest Hastings Manufacturing Company News

Monroe Capital Supports Recapitalization of Hastings Manufacturing Company

May 3, 2018

May 03, 2018 06:00 AM Eastern Daylight Time CHICAGO--( BUSINESS WIRE )--Monroe Capital LLC today announced it acted as sole lead arranger and administrative agent on the funding of a senior credit facility to support the recapitalization of Hastings Manufacturing Company (“Hastings”) by private equity sponsor, RFE Investment Partners. Based in Hastings, Michigan and founded in 1915, Hastings is a leading, global manufacturer and supplier of piston rings for combustion engines, both gasoline and diesel, used in a broad range of automotive and industrial applications. In addition to the headquarters and manufacturing facility in Michigan, Hastings operates Piston Rings Komarov, a manufacturing and warehousing facility in The Czech Republic. About Monroe Capital Monroe Capital LLC (“Monroe”) is a private credit asset management firm specializing in direct lending and opportunistic private credit investing. Since 2004, the firm has provided private credit solutions to borrowers in the U.S. and Canada. Monroe’s middle market lending platform provides senior and junior debt financing to businesses, special situation borrowers, and private equity sponsors. Investment types include unitranche financings; cash flow, asset based and enterprise value based loans; and equity co-investments. Monroe is committed to being a value-added and user-friendly partner to business owners, senior management, and private equity and independent sponsors. The firm is headquartered in Chicago and maintains offices in Atlanta, Boston, Dallas, Los Angeles, New York, and San Francisco. Monroe has been recognized by Private Debt Investor as the 2017 Lower Mid-Market Lender of the Year; Global M&A Network as the 2017 Small Middle Markets Lender of the Year; M&A Advisor as the 2016 Lender Firm of the Year; and the U.S. Small Business Administration as the 2015 Small Business Investment Company (SBIC) of the Year. For more information, please visit monroecap.com.

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