Kinzie Capital Partners Expands Portfolio with Acquisition of Fraser Steel, LLC
Kinzie Capital Partner, a prominent private equity firm located in Chicago, has announced its acquisition of Fraser Steel. Fraser is recognized as a leading manufacturer of value-added, steel tubular products. This strategic acquisition represents a significant step for Kinzie, adding to its diverse portfolio and bolstering its commitment to fostering growth in the manufacturing industry.
Partnership to Foster Growth and Innovation
In a statement about the acquisition, Suzanne Yoon, Managing Partner of Kinzie, expressed enthusiasm, saying, “Fraser has built an impressive legacy as a trusted supplier of high-quality steel tubular products, and we see tremendous opportunity for growth ahead. We are excited to partner with the Fraser team to support expansion, product innovation, and operational excellence. We are also incredibly grateful to Rod Fraser for entrusting us with the Company’s future.”
Fraser has been a stalwart in the manufacturing industry for over 55 years, building a reputation for delivering high-quality, precision steel tubular products. As the company embarks on this new chapter, it is poised to scale its operations, expand its capabilities, and innovate its product line, all while tapping into new markets. Rod Fraser, the founder of Fraser Steel, spoke with confidence about the acquisition: “For 55 years, Fraser has built a strong reputation for delivering high-quality steel tubular products, and Kinzie is the right partner to help the business scale to new heights. I am confident that Fraser is well-positioned to expand its capabilities, innovate its products, and reach new markets in this next chapter.”
Fraser Steel’s Legacy of Excellence
Founded in 1970, Fraser provides a wide range of services, including design and engineering, laser tube cutting, precision bending, robotic welding, machining, and fabrication. These services cater to a diverse set of industries, including powersports, commercial furniture, lawn and garden, and agriculture. Fraser's strong focus on customer service has positioned it as a leader in the industry, and it operates from an expansive 80,000-square-foot facility located outside of Minneapolis, Minnesota. With the capacity to produce up to 200,000 parts per day, Fraser has become a reliable partner for its customers.
A New Era for Fraser Steel
Baxter Stephenson, the CEO of Fraser Steel, shared his excitement about the acquisition, saying, “Our partnership with Kinzie Capital Partners represents a pivotal moment for Fraser. Kinzie recognizes our potential for growth and is committed to providing the resources and expertise needed to expand our operations. We are excited about this next phase and look forward to building on our success together.”
Kinzie’s Strategic Approach
The transaction was led by Kinzie Principal Mike Eisinger and Operating Partner Dan Harvey, who will continue working closely with Fraser’s management team and serve on the Company's board. Kinzie's expertise in working with lower middle-market companies, combined with its comprehensive understanding of manufacturing and operational excellence, positions it as an ideal partner to help Fraser reach new heights.
“We are excited to partner with the Fraser team to support expansion, product innovation, and operational excellence,” said Suzanne Yoon. “The Fraser team’s strong legacy and track record, combined with our resources and expertise, make this partnership a perfect fit. We are looking forward to the opportunities this acquisition brings.”
About Kinzie Capital Partners LP
Kinzie Capital Partners is a private equity firm that focuses on investing in exceptional companies within the lower middle market. With a specific focus on manufactured products, business services, and consumer industries, Kinzie typically works with companies generating $3 million to $15 million in EBITDA. The firm leverages its team of technology, operations, and industry experts to drive growth and create lasting positive outcomes for its portfolio companies. Whether navigating generational transitions or managing complex business cycles, Kinzie works closely with its portfolio companies to support their long-term success.
