Angeles Equity Partners Acquires Crenlo and Worthington Industries Engineered Cabs

LOS ANGELES–(BUSINESS WIRE)–Angeles Equity Partners, LLC (“Angeles”), a private investment firm focused on value creation through operational transformation, today announced the acquisitions of Crenlo Cab Products, LLC (together with its Emcor and Siac do Brasil affiliates “Crenlo”) from KPS Capital Partners, LP (“KPS”) and Worthington Industries Engineered Cabs (“WIEC”) from Worthington Industries (NYSE: WOR). Angeles is merging Crenlo and WIEC to drive growth through improved manufacturing scale and capabilities, better geographic reach, and broader product portfolio applications. The combined business will be majority owned and controlled by Angeles, with Worthington Industries retaining a minority ownership position as part of its cashless transaction with Angeles.

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