AJAX Rolled Ring & Machine has been acquired by Prospect Capital.
AJAX's management team of Simon Ormerod, CEO; Dan Reichard, chief financial officer; Wil Kantus, vice president of operations; and Justin McCarthy, executive vice president of sales and marketing, will remain with the company under the new ownership.
‘With over $550 million in assets with 30-plus portfolio companies in closely related sectors of the manufacturing economy in which AJAX competes, Prospect thoroughly understands our markets,’ says Ormerod. ‘We see this not only as a great opportunity for AJAX to grow rapidly with Prospect's support, but as a very positive development for our employees, customers and suppliers.’
