Peterson American Corporation
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Peterson American Corporation - overview
Established
1914
Location
Southfield, MI, US
Primary Industry
Materials
About
Peterson American Corporation specializes in the design and manufacture of engineered solutions, primarily springs and related components, serving a diverse range of industries including automotive, aerospace, and medical sectors. Founded in 1914 and headquartered in Southfield, US, Peterson American Corporation operates with a focus on manufacturing springs, snap-rings, wire forms, and other mechanical components. The company has undergone strategic changes, including a recent acquisition of PAC Racing Springs by Race Winning Brands, Inc. on April 7, 2022, enhancing its manufacturing capabilities.
The CEO, Michael Putz, oversees the firm, which has raised a total of USD 80. 00 mn through funding rounds, with the latest being a Buyout led by MiddleGround Capital. Peterson Spring provides a range of engineered solutions, including springs, snap-rings, wire forms, clips, clamps, and stampings, essential in sectors like aerospace, automotive, and healthcare. Their signature PAC-LIFE Die Springs are designed for high performance, ensuring durability and reliability across diverse markets in North America, Europe, and Asia.
In 2019, Peterson Spring reported a revenue of USD 130. 00 mn and an EBITDA of USD 12. 50 mn, primarily operating on a B2B model, engaging with manufacturers and distributors in automotive and healthcare sectors. The company plans to leverage its recent funding from the Buyout on April 7, 2022, to further enhance its product offerings and explore expansions into new geographic markets.
While specific upcoming product launches have not been detailed, the focus on manufacturing excellence and partnerships suggests a strategic alignment towards meeting evolving market demands.
Primary Industry
Materials
Sub Industries
Steel & Metals
Website
www.pspring.com
Verticals
Manufacturing
Company Stage
Acquired
Total Amount Raised
Subscriber access only
Peterson American Corporation - financials
| Fiscal Year Ended | Apr 25, 2019 |
|---|---|
| Revenue (USD) | - |
| % Revenue Growth (YoY) | - |
| EBITDA (USD) | - |
| Operating Income (USD) | - |
| Operating Margin | - |
| % EBITDA Margin | - |
| NET Income (USD) | - |
| % Net Margin | - |
Peterson American Corporation - deals
| Deals Type | Deal Status | Target (s) | Deal Date | Investor(s) | Seller(s) | Deal size (Mn) | Enterprise value (Mn) | Post-money valuation (Mn) | EBITDA multiple (x) | Revenue multiple (x) | Lead partner (s) |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Trade Sale | Completed | Peterson American Corporation | - | ||||||||
| Add-on | Completed | PAC Racing Springs | - | ||||||||
| Buyout | Completed | Peterson American Corporation | - |
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Peterson American Corporation - employee data
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