Electronics Enclosures Business sold to an Affiliate of JLL Partners
LOS ANGELES, CA and ROCHESTER, MN – October 19, 2021 – Crenlo Engineered Cabs (“Crenlo”), a manufacturer of engineered operator cabs and roll over protective structures for heavy equipment and off-highway vehicles, backed by Angeles Equity Partners, LLC (“Angeles”), today announced its Emcor Enclosures division has been sold to an affiliate of JLL Partners. The sale enables Crenlo to fully dedicate its operations to manufacturing engineered cabs for off-highway vehicle OEMs in the Americas. The financial terms of the transaction were not disclosed.
“We congratulate and thank the Emcor leadership team for their contributions to the Crenlo group,” said Timothy Meyer and Jordan Katz, Co-founders and Managing Partners of Angeles Equity Partners. “We believe a great future lies ahead for Crenlo with its exclusive focus on the engineered cabs market.”
Emcor designs and manufactures equipment enclosures and consoles for a wide range of technological applications in the aerospace and defense, air traffic control, test and measurement, data center, and healthcare markets.
“This transaction supports our strategic focus on the off-highway vehicle space and aligns Emcor with a leader in the enclosures market,” said John Lenga, CEO of Crenlo. “Crenlo remains committed to evolving our business model and investing in our capabilities to deliver the most compelling value proposition to off-highway vehicle OEMs.”
KPMG Corporate Finance, LLC and Honigman, LLP served as financial and legal advisors, respectively, to Crenlo in the transaction.
About Angeles Equity Partners, LLC
Angeles Equity Partners, LLC is a private equity firm that invests in companies across a wide range of industrial sectors and specifically targets businesses which it believes can directly benefit from the firm’s strategic, operational, and M&A capabilities. The Angeles skill set drives the firm’s investment philosophy and, in its view, can help businesses reach their full potential. Learn more online at angelesequity.com.
About Crenlo Engineered Cabs
Crenlo Engineered Cabs was formed by the merger of Crenlo Cab Products and Worthington Industries Engineered Cabs. Crenlo manufactures engineered operator cabs, roll over protective structures, locomotive sub-assemblies, and custom complex fabrications in North America and South America. Since 1951, facilities in Minnesota, South Dakota, and Tennessee have been serving heavy equipment and off-highway vehicle original equipment manufacturers. Crenlo is backed by Angeles Equity Partners. Learn more online at www.engineeredcabs.com.
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If you would like more information, please contact
Trenton Waterhouse at +1 623 523 1672 or email info@crenlo.com