Ajax Metal Forming Solutions has announced that Heartland Equity Partners of Brooklyn Center, Minnesota has acquired a majority ownership position in the company.
“The metal forming industry is advancing at an exciting pace,” said Kent Djubek, who will continue as President of Ajax and increased his ownership position as part of the transaction. “This investment by Heartland will take our business to the next level. We’re a strong company getting stronger.”
Djubek said his company has retained the existing management team. “Our success is mostly due to our experienced people and culture of workforce development,” he said. “Heartland will help us build on our accomplishments without leaving our family business legacy behind.”
The name of the new entity will be Ajax Metal Forming Solutions, LLC.