Private investment firm Auxo Investment Partners has acquired Securit Metal Products, a 70-year-old manufacturer of solid and semi-tubular rivets based in Dowagiac, MI.

The move follows Auxo’s previous acquisition of Prestige Stamping, a Michigan-based manufacturer of custom-engineered washers and stampings for the fastener industry. 

Founded in 1952, Securit fabricates permanent solid rivets (as well as semi-tubular rivets), which are used in a variety of industrial applications, including semi-truck trailers, automotive subassemblies, boats, bourbon barrels and cookware. Securit serves the trucking industry, which requires large quantities of rivets for trailer assembly. Web: SecuritMetalProducts.com

“We are proud of the tightknit workplace that we’ve established over the past seven decades and genuinely excited about how this partnership will bolster our market position by expanding our sales infrastructure and leveraging new opportunities in coordination with Prestige Stamping,” stated Securit President Bryan Knoll, who will continue in his current role.

A switch to more domestic manufacturing by U.S. companies makes the deal timely, according to Auxo co-founder and managing partner Jeff Helminski.

“In today’s manufacturing environment, where companies are navigating supply chain disruptions resulting from having shipped production offshore to save a few cents per part, we see reshoring efforts increasing demand for domestic production as purchasing departments begin to account for risk-adjusted total landed costs in their sourcing decisions,” added Helminski.

“Securit is positioned to step up and deliver for American manufacturing customers given our available production capacity and ample supply of talented labor in Southwest Michigan.”

Prior to Securit, Auxo acquired 14 companies, most recently Genesis Rail Services and Ferrovia as part of Auxo’s burgeoning rail platform. Auxo had also acquired Bernal Rotary Dies, Atlas Die, AtlasFlex, Midway Rotary Die Solutions, DieCraft Engineering & Manufacturing, and GC Dies, which comprise the Impact Converting and Systems Solutions platform. Web: AuxoPartners.com