StageAcquired | Acquired
About Wright-K Technology
Wright-K Technology offers custom machines, welding equipment, parts, and service for automotive, appliance, chemical and recreational industries. Innovative, flexible solutions. The company was founded in 1982 and is based in Saginaw, Michigan. On April 1st, 2022, Wright-K Technology was acquired by Koops. The terms of the transaction were not disclosed.
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Latest Wright-K Technology News
Apr 21, 2022
April 21, 2022 Mergers and acquisitions service company NuVescor Group has completed the “successful sale” of Wright-K Technology , based in Saginaw, Michigan, to Koops Automation Systems , of Holland, Michigan. Both companies design and build custom industrial machinery, with Koops’ specialty being innovative automation systems and equipment for manufacturers. Paul Brinks, president and CEO of Koops, said Wright-K Technology is a good match for Koops because of its technical expertise and strong employee culture. Brinks says: “Wright-K has a long history of welding excellence, and welding is a technology area that meshes with Koops’ focus on automation systems, creating a true win for our combined customer base. “The integration of Wright-K and Koops will position us to provide our customers a broader portfolio of rock-solid solutions from a trusted partner.” Founded in Holland in 1989, Koops offers full service and support for each of its automation systems, and tailors them to its clients’ unique specifications. By incorporating the latest robotic and motion control technology, coupled with innovative tooling design, the company provides a flexible environment that is unmatched in high-volume production of quality parts. The company will celebrate 10 years as an employee-owned company, or ESOP. Brinks says: “Team is our first core value at Koops, and having the Wright-K team join the Koops team is a true blessing and benefit. “I am confident that the acquisition will enhance the culture of both organizations. We are looking forward to the journey ahead and excited to add additional employee owners.” In addition to its Holland facilities, and now the former Wright-K Technology operations in Saginaw, Koops has locations in Greenville, South Carolina, and Irapuato, Mexico. Wright-K Technology, with roots dating back to 1910, specializes in welding, assembly, test and heat-treating systems and has an extensive background in controls systems and architecture. It is nationally and internationally known as a premium supplier to industries including automotive, aerospace, appliance, logistics, recreational, and commercial and household products. For the co-owners of Wright-K Technology, Connie Kostrzewa and John Sivey, integration with Koops achieves their goals of continuing service to employees, customers and their community. Kostrzewa, Wright-K Technology’s chairperson, says: “John and I wanted to leave our legacy to people that would continue these values, and what better way than to leave the company to our employees through the ESOP that will be provided with Koops?” Sivey, the company’s president/CEO, says the sale to Koops “provides a stable future for our employees by partnering with a solid, forward-thinking, well-established organization”. Brinks praises Kostrzewa and Sivey for their “leadership at Wright-K Technology and their passion for the Saginaw community”. Brink says: “We plan to build on the strong Wright-K foundation by investing and growing the team in Saginaw, to better serve our customers.” Share this:
Wright-K Technology Frequently Asked Questions (FAQ)
When was Wright-K Technology founded?
Wright-K Technology was founded in 1982.
Where is Wright-K Technology's headquarters?
Wright-K Technology's headquarters is located at 2025 E Genesee Ave, Saginaw.
What is Wright-K Technology's latest funding round?
Wright-K Technology's latest funding round is Acquired.
Who are the investors of Wright-K Technology?
Investors of Wright-K Technology include Koops.
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