January 2019: Stonehenge Partners has acquired PPM Technologies, LLC (“PPM” or the “Company”). Headquartered in Newberg, Oregon, PPM designs, engineers, and manufactures food processing equipment for a global base of more than 400 packaged food producing companies around the world.
Founded in 1892, the Company provides its global customer base with an extensive line of engineered conveying, frying, grading, seasoning, and cooling capital equipment and associated replacement parts. PPM has developed an impressive installed base of equipment over the last 60+ years. For additional information, please visit PPM’s website.
Investment Parameters
$1 billion of private capital under management
Control or minority equity investments
$10 to $50 million targeted investment range
Buyouts, recapitalizations & growth capital
Manufacturing, distribution, healthcare & business services
Stonehenge Investment Team
Andrew Bohutinsky
Pete Davies
Mike Endres
Bob Eversole
David Meuse
Tom Utgard
Mike Affinito
Mike Arguelles
Keith Bishop
Nathan McGill
Steven Briggs
Patrick Shevelson
