Center Rock Invests in Leading Manufacturer of Attachments for Industrial Equipment
CHICAGO, IL and BLOOMFIELD HILLS, MI — Feb 11, 2020 — Center Rock Capital Partners, LP (“Center Rock”), an industrial focused middle-market private investment firm, is pleased to announce that it has recapitalized TAG Manufacturing, Inc. (“TAG”). TAG is a leading designer and manufacturer of highly engineered attachments for construction and earth-moving applications in North America. TAG is Center Rock’s fifth platform investment out of its inaugural fund, Center Rock Capital Partners Fund I, LP. Center Rock is partnering with TAG founders and owners, Gary and Terry Wilt.
Chattanooga, Tennessee-based TAG Manufacturing was founded in 2005 by Gary and Terry Wilt, brothers with 40+ years of industry experience. TAG manufactures universal attachments for excavators and loaders serving material handling, construction, agriculture and municipal end markets. TAG offers a full range of adaptable products that can handle the toughest jobs and applications. Customers including OEMs, dealers and rental companies rely on TAG for reliable, high quality products that are delivered with short lead times and superior customer service.
Gary Wilt, President and Co-Owner of TAG, commented, “We attribute much of TAG’s success to the partnership approach Terry and I have taken when it comes to all things related to our business. For years, Terry and I have treated our employees, our customers and our suppliers as partners, so that we can best provide top-quality products that meet our customers’ goals, on their timeline.” Terry Wilt, Founder and Co-Owner of TAG added, “Center Rock understands the nuances of our business and brings a depth of experience to help us grow and expand the company. Equally as important as the opportunity for growth, is the fact that Center Rock shares our focus on genuine partnerships and culture.”
Terry Theodore, Partner at Center Rock, commented, “TAG has changed how the industry thinks of attachment suppliers. From the beginning, TAG has been dedicated to supporting its customers with speed, flexibility and unmatched customer service. We are thrilled to partner with Gary, Terry and the rest of the TAG team to support their future growth plans.” David Matthews, Principal at Center Rock, added, “TAG is a superb brand with a reputation for exceptional service, product quality and leadership – all attributes we look for in our investments. In a short period of time, Gary and Terry have created an incredible and durable business with great momentum that we are excited to build upon.”
About TAG Manufacturing
TAG Manufacturing is a leading designer and manufacturer of highly engineered attachments for construction and earth-moving applications in North America. TAG manufactures universal attachments for excavators and loaders serving material handling, construction, agriculture and municipal end markets.
For more information, please visit www.tagmfg.us.
About Center Rock Capital Partners
Center Rock is a Midwest-based private equity firm focused on building leading industrial companies in the lower middle market. Center Rock seeks industrial manufacturing, industrial services and industrial distribution companies headquartered in North America, often with multi-national operations and locations that serve both domestic and global markets. With substantial expertise working constructively with management teams to drive both operational and strategic improvement, Center Rock’s investment professionals have the flexibility and tools to invest in a broad array of transactions and build value in lower middle market industrial companies.