MXD Process’ acquisition of Heritage Equipment Company leverages 40+ years of industry experience and significantly expands manufacturing capabilities at both facilities as part of its strategic growth strategy.
Jeffersonville, IN, May 31, 2023 - MXD Process (MXD), an industry leader in process engineering and equipment, announced today its acquisition of process equipment manufacturer Heritage Equipment Company and its wholly owned subsidiary, BCast Stainless Products. The acquisition serves to strengthen the MXD Process family of brands by incorporating Heritage’s expansive industry expertise, international supply chain and robust manufacturing capabilities.
With this acquisition, MXD reinforces its commitment to delivering exceptional products and services to its customers. Heritage’s expertise and customer base aligns very well with MXD’s growth strategy, enabling the company to tap into new markets and opportunities. Leadership from both teams express their enthusiasm for the future of MXD and the impact our combined efforts will have to continue improving every process we touch. “With our investment in Heritage we are expanding both our deep process expertise and production capacity to strengthen our position as an industry leader in process engineering and manufacturing,” said Mark Franco, CEO of MXD Process.
Founded in 1981, Heritage Equipment Company brings a wealth of industry knowledge and a strong record of reliability, consistency, and exceptional product selection. The combination of MXD's existing capabilities and Heritage Equipment Company's resources will drive continued innovation that accelerates product development and enhanced value to its customers. “With its strong emphasis on core values and sound business operations, we share a similar DNA to the team at MXD. And with an industry leading vision and culture of innovation, we believe MXD is the perfect home for the Heritage family,” said Don Behan, President of Heritage.
As part of the acquisition, Heritage Equipment and its team will be integrated into MXD’s operations but will continue to operate from their existing facility in Plain City, OH. MXD intends to maintain the Heritage brands for the near future and leverage its reputation of quality and robust delivery in the marketplace.
MXD Process engaged Soterra Capital for advisory services in the transaction. Heritage was assisted and advised by Murphy Business Sales.
About MXD Process
MXD Process is a comprehensive partner for beginning to end processing solutions providing engineering, project management, and support along with top-of-the-line mixing and processing equipment. With a strong reputation for technological innovation and a focus on the customer experience, the company has consistently demonstrated its commitment to delivering excellence and exceeding customer expectations.
About Heritage Equipment Company
Heritage Equipment is a trusted industry resource for the design, engineering, manufacturing and rebuilding of high-quality liquid processing equipment and serves a large variety of industries in the production of dairy, beverages, craft brewing and distilling, and industrial fluids. The company has built a solid reputation in the process equipment manufacturing industry and has been a trusted partner to its customers.
About Soterra Capital
Soterra Capital is a private investment firm with offices in Austin, Texas, and Louisville, Kentucky. The firm takes a fundamental, long-term investment approach, focused on private companies in the lower middle market with capable management teams, strong operations, and a commitment to excellence, integrity, family, and faith.
About Murphy Business Sales
Murphy Business & Financial Corporation LLC is one of the largest and most successful business brokerage firms in North America.
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