St. Petersburg, FL – The Anderson Group, LLC announces that portfolio company F.K. Instrument Co., LLC has been sold to Andra Tech Group, an affiliate of private equity firm Castik Capital. Lincoln International, Taft Law, Cherry Bekaert and Plante & Moran served as advisors to Anderson and FK for this transaction.
F.K. Instrument is a precision machining business that provides some of the world's most renowned businesses with mission critical components which are required to meet incredibly tight tolerances. The company is established as a key partner, from prototype to production, to a dynamic customer base that is operating on the leading edge of innovation. F.K. Instrument is well positioned for continued growth while continuing to operate from its Clearwater, Florida location under the leadership of Erich Klopfer, who remarked, “The Anderson Group’s commitment to operational excellence and unwavering guidance helped us to transform from a small, family-owned business to a high growth and highly profitable enterprise.”
Justin Flood, an Anderson Group partner, added, “Our partnerships begin and end with people; every employee at F.K. plays a key role in the business’ success. We have very much enjoyed working with the talented team at F.K. to guide them through this stage of growth and would like to extend our appreciation for their steadfast dedication to the business. We have the utmost confidence that F.K. will continue its growth trajectory and technical advancements under their new partnership. Lastly, we wish Andra Tech and Castik Capital all the best with their strategic expansion and growth plans.”
About The Anderson Group
Founded in 1985, The Anderson Group is an operationally oriented private equity investment firm focused on acquiring control positions in companies at the lower end of the middle market. Anderson specializes in three types of transactions: turnaround opportunities, special situation investments and recapitalizations. Though Anderson does not have a specific industry focus, it typically acquires businesses in the niche manufacturing, distribution or service industries. The Anderson Group is not an institutional fund; rather, it invests its own committed pool of capital. As such, Anderson is able to avoid investment approval processes, mandates and holding periods. Thus, Anderson can offer a faster approval/transaction process, certainty to close, flexibility in equity ownership and an ability to invest throughout the capital structure that other firms and funds often cannot. For more information about The Anderson Group, please visit www.andersongroup.com.