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Deal announced Nov 2019 Verified

Angeles Equity Partners Acquires Crenlo and Worthington Industries Engineered Cabs

Angeles Equity Partners announced the acquisition of Crenlo Cab Products from KPS Capital Partners and Worthington Industries Engineered Cabs (WIEC) from Worthington Industries. The combined business will be majority owned by Angeles, with Worthington retaining a minority stake.

“Angeles Equity Partners, LLC (“Angeles”), a private investment firm focused on value creation through operational transformation, today announced the acquisitions of Crenlo Cab Products, LLC (together with its Emcor and Siac do Brasil affiliates “Crenlo”) from KPS Capital Partners, LP (“KPS”) and Worthington Industries Engineered Cabs (“WIEC”) from Worthington Industries (NYSE: WOR).”

Entities

Worthington Industries Inc. · Parent Angeles Equity Partners · Acquirer Crenlo Cab Products, LLC · Target KPS Capital Partners, LP · Sponsor Worthington Industries Engineered Cabs · Target
Other Sentiment: Neutral

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