Westbourne Capital Partners Acquires Harvey Vogel Manufacturing Co.

WOODBURY, MN. – Westbourne Capital Partners LLC, (“Westbourne”), in partnership with Monroe Capital LLC (“Monroe”) and other private investors, has acquired a majority equity stake in Harvey Vogel Manufacturing Co., (“Harvey Vogel”), a leading manufacturer of complex metal stampings and fabrications. Bob Verhey, Harvey Vogel’s owner, will remain as the company’s CEO and retain a significant equity stake in the business. Monroe provided both equity and debt financing to fund the initial acquisition and drive expansion, enabling the company to pursue transformative add-on acquisitions.

Founded in 1942 and headquartered in Woodbury, Minnesota, Harvey Vogel employs nearly 250 skilled team members. The company is a leading high-precision stamper and fabricator of metal components and assemblies, specializing in hard-to-produce, tight tolerance, appearance-focused parts. Focused on manufacturing critical parts for the aerospace, defense, medical, and industrial markets, the company maintains AS9100, ISO 9001, and ITAR certifications. The company has been led by Bob Verhey since 2000. Bob Verhey stated, “We have been searching for a strong partner that aligns with our vision for growth while maintaining our strong culture. Westbourne will be a perfect fit to take Harvey Vogel to another level in every way.”

Rob Crisp, Managing Partner of Westbourne, commented, “Harvey Vogel represents an exciting new chapter for Westbourne as we seek to construct the preeminent metal fabrication business in the country, building upon the exceptional foundation that Bob Verhey and his management team have developed. The capabilities, personnel, and culture that Bob and his team have fostered provide an ideal platform for Westbourne. We look forward to aggressively acquiring and integrating businesses with complementary capabilities and geographic locations to better serve new and existing customers.”

Chris Larson, Managing Director and Co-Head of the Equity Group of Monroe Capital, commented, “We are very excited to be partnering with Westbourne on the acquisition of Harvey Vogel and look forward to the opportunity of deploying additional capital in support of Westbourne’s growth ambitions for the company.”

This transaction is representative of Monroe’s focus on its independent sponsor vertical. Monroe’s Independent Sponsor group specializes in delivering flexible, “one-stop” capital solutions—including both debt and equity co-investments—for acquisitions, mergers, growth initiatives, recapitalizations, and business combinations.

Madeira Partners and Best & Flanagan LLP served as Harvey Vogel’s financial advisor and legal counsel, respectively in connection with the transaction. McGuireWoods LLP and Brownstein Hyatt Farber Schreck LLP provided legal counsel to Westbourne and Monroe. Elliott Davis provided due diligence advisory services to the acquirers.

About Westbourne Capital Partners

Westbourne Capital Partners is a private investment firm with deep expertise in the metal fabrication sector, having completed more than a dozen platform and add-on acquisitions in the space. Our emphasis is on making investments in leading, family-owned manufacturing businesses, with a focus on fabricators of metal components serving the aerospace and defense, medical, data center, critical power and industrial end-markets. Our objective is to leverage our capital and sector specific knowledge to build best-in-class companies, driving sustainable growth and long-term value creation, while developing or acquiring new capabilities to foster deeper relationships with existing and new customers. For more information on Westbourne, please visit www.westbournecp.com.

About Monroe Capital

Monroe Capital LLC is a premier asset management firm specializing in private credit markets across various strategies, including direct lending, technology finance, venture debt, alternative credit solutions, structured credit, real estate and equity. Since 2004, the firm has been successfully providing capital solutions to clients in the U.S. and Canada. Monroe prides itself on being a value-added and user-friendly partner to business owners, management, and both private equity and independent sponsors. Monroe’s platform offers a wide variety of investment products for both institutional and high net worth investors with a focus on generating high quality “alpha” returns irrespective of business or economic cycles. The firm is headquartered in Chicago and has 12 locations throughout the United States, Middle East, Asia, and Australia. For more information and important disclosures, please visit www.monroecap.com.