Blackwell Capital Group Acquires Custom Production Grinding
APRIL 8, 2021 — Blackwell Capital Group, LLC, has acquired Custom Production Grinding, a Menomonee Falls, Wis.-based provider of high-precision cylindrical and surface grinding and honing of parts for manufacturers and machine shops.
“Custom Production Grinding is well known through the Midwest for its incredible ability to adhere to very tight tolerances in part profiles, and in meeting demanding deadlines,” said Steve Balistreri, managing director of Blackwell Capital Group. “We are looking forward to building upon that excellence, and to expanding Custom Production Grinding’s geographic reach and breadth of services.”
The company was sold by Robert Marx, the second-generation owner of the business which his parents launched in 1983.
Experienced Leadership Remains
Custom Production Grinding’s highly experienced leadership remains in place, including Mark Yogerst, president; Greg Schoepke, CFO/controller; and Paul Champeau, general manager. The company’s shop floor staff also has extensive experience.
“Our management team is excited about the acquisition,” Yogerst said. “We are proud of what we’ve done here, and are honored that Blackwell Capital Group saw the value and potential of the business. We are all looking forward to enhancing our operations so more manufacturers can benefit from our high quality grinding services.”
Some of the Midwest’s most iconic manufacturers rely on Custom Production Grinding for its ability to adhere to extremely tight tolerances for profiles on parts. Its wide variety of equipment, coupled with the deep experience of its staff, lets Custom Production Grinding create multiple intricate profiles on a single part.
The company operates in a climate-controlled 33,000-square-foot facility on Silver Spring Road, conveniently located just west of Interstate 41/Highway 45.
New Brand and New Website
As part of the acquisition and growth plan, Custom Production Grinding has unveiled a new brand and a new website to display its capabilities.
“Custom Production Grinding is well known for its precision, and for doing what others can’t do,” Balistreri said. “Our new brand reflects that precision and confidence,” he added.
The website, at cpg1.com, shows the company’s capabilities, equipment, quality control, testimonials from customers, and a gallery with pictures of cylindrical and flat parts it has processed.
“Our new website powerfully details our various types of cylindrical and surface grinding, shows examples of our work, and details the equipment we have,” Balistreri said. “As we work to expand the business, the website will play a valuable role in telling our story, and for letting potential employees know this is a great place to work.”
Blackwell Capital Group, based in Milwaukee, invests in privately held companies in the Midwest, with revenues of $5 to $50 million. It seeks businesses that are transitioning from their founders to outside the family, or businesses that are looking to accelerate their growth. Blackwell Capital Group’s strategy is to hold on to its investments and build value.
Custom Production Grinding was founded in 1983 by Richard and Betty Marx to provide OD grinding services, and eventually expanded to include other types of cylindrical grinding and honing, and surface grinding. The company currently has 30 employees and serves manufacturers and machine shops throughout the Midwest.