Charter Capital Partners, a Grand Rapids, Michigan-based investment bank, is pleased to have represented Avon Machining in its acquisition by Auxo Investment Partners.Founded in 1974, Avon Machining is a Shelby Township, Michigan-based precision manufacturer of complex machining solutions, including high precision gears, transmission parts, bearings, housings, and axle shafts for the construction, mining, agriculture, industrial, electrical vehicle, chemical, oil and gas, and defense industries.With its cutting-edge facility and highly skilled workforce, Avon has established a reputation for delivering high quality precision parts. Their corporate strategy revolves around attracting and training top-notch machinists while investing in state-of-the-art CNC equipment, ensuring their continuous leadership in the industry. Auxo’s acquisition of the company includes a 111,000-square-foot plant and 110 highly skilled machinists.The company will continue to be led by its current CEO, Chad Fietsam, who will remain a significant owner of the business. "We are excited to join forces with Auxo Investment Partners,” said Fietsam. “With their resources and commitment to growth, we will continue to build on Avon's legacy of quality, innovation, and customer satisfaction, while expanding our capabilities and offerings.”“Avon has worked very hard to create a culture of growth that also values the team who made that growth possible,” said Mark Streekstra, Partner and Managing Director at Charter Capital Partners. “It became very apparent through the process that Auxo shares those values, which combined with their operational focus made them an ideal partner to drive Avon’s next phase of growth.”“The management team was looking for the right partner who they had aligned values with and who could bring the ability to really help them grow and get to the next level when the owners decided it was time for them to move on. We are thrilled to welcome Avon Machining to our growing family of companies in the Michigan Opportunity Fund," said Jeff Helminski, Managing Partner at Auxo. "Avon's precision machining expertise, particularly their exceptional gear grinding capabilities, is unrivaled. When people talk about skilled tradesmen, this is the quintessential application. We are excited to collaborate with Avon’s talented team to develop innovative solutions that meet the demands of their diverse customer base."Auxo Investment Partners has plans to propel the manufacturer to major growth. The company’s unique market niche and base of highly specialized employees put it in a solid position to scale. The company’s management team and employees will remain as Auxo looks to build the business by overcoming the labor shortage and hiring more machinists.