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New Deal


Announced

Management of Hynes Industries and Crossplane Capital to acquire Hynes Industries.

Synopsis

Management of Hynes Industries and Crossplane Capital, a Dallas-based private equity firm that makes control investments in niche manufacturing companies, agreed to acquire Hynes Industries, a manufacturer of precision-engineered roll formed metal parts and assemblies for diverse end markets. Financial terms were not disclosed. "Hynes has been an economic engine for the Youngstown community for almost 100 years. We are thrilled to partner with Rick Organ, Hynes's leadership team, and its talented employees to support transformational growth and to continue being an employer of choice in the Youngstown, Painesville and Kokomo communities," Brian Hegi, Crossplane Capital Managing Partner.

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