Summit Equity Group has acquired Standard Components, Inc. (“SCI”), the Sterling Heights, Michigan-based designer and builder of sophisticated and complex tooling. EdgePoint served as the exclusive financial advisor to SCI. Terms of the transaction were not disclosed.
Founded in 2001, Standard Components Inc. is a leader in the design, build, and certification of indirect assembly tooling, checking fixtures, holding fixtures, and gages used in the final assembly of aircraft and vehicles. By offering unparalleled technical expertise, consistent quality, and reliable delivery, SCI consistently serviced the mission-critical tooling requirements of the world’s largest aerospace, automotive, and defense industry customers.
Headquartered in Des Moines, Iowa, Summit Equity Group is a national private investment firm focused on providing capital to middle-market businesses with proven management teams and a high potential for growth.
EdgePoint is a leading investment banking firm focused on providing middle market business owners with merger and acquisition advisory services.