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Boston Centerless, a provider of precision ground bar materials and preparation services, has partnered with May River Capital, a private equity firm focused on helping high-caliber industrial businesses grow and prosper. Terms of the transaction were not disclosed.
Founded in 1958 by Len Tamasi, Boston Centerless (BC) is a manufacturer and distributor of precision materials. BC provides high-quality, precision metal bar for medical, dental and other end market applications. For example, BC’s products are used to make spinal implants, cranial drills, surgical instruments, etc.
Under the leadership of owner and CEO, Steve Tamasi, the Company has grown to approximately 135 employees serving over 650 customers globally across two locations in Woburn, Massachusetts and Fort Wayne, Indiana. Tamasi and the entire BC leadership team will continue to lead the organization in their current roles and retain a significant ownership stake in the company.
“After careful evaluation of our growth objectives, our team is thrilled to team up with a partner in May River that is like-minded and aligned with us on both our strategic path forward and, equally as important, our cultural values,” said Tamasi. He went on to comment that, “this partnership will enable us to accelerate our growth initiatives and ultimately better serve our customers’ needs. Customers should expect the same great service and quality products from us going forward.”
The timing of the news follows BC’s recent production facility expansion into Fort Wayne, Indiana. BC intends to continue its geographic footprint and capabilities expansion strategy going forward with the vision to continue delivering industry-leading quality and turnaround times to customers.
Source: May River Capital
