a private equity firm

Our Ultimate Goal with the Companies We Acquire is the Creation of Value.


In 1989, Thomas M. Begel, the former Chairman and CEO of the The Pullman Company, founded Begel Industries, a private equity group dedicated to acquiring and operating industrial manufacturing companies. Through Mr. Begel's strong leadership, Begel Industries has successfully completed more than 30 transactions in which the firm divested, restructured, and built successful track records.

The professionals of Begel Industries take a 'hands on' approach to investing. With over 60 years of combined operating experience in manufacturing, the firm succeeds in evaluating and adding value to allow the company to reach its true potential.

"We generally acquire companies that are underperforming, analyze their needs, and bring the necessary skills to rebuild companies into successful operations," says Begel. "Our ultimate goal with the companies we acquire is the creation of value. In the process of rebuilding these companies, we are providing their customers with high quality and exceptional delivery of products and services."

Investment Criteria

The firm seeks investment opportunities that possess the following criteria:


North America, with a preference for the Midwest United States.


From negative to marginally acceptable performance.


Up to $50 million in annual revenues.


Manufacturing companies involved in stamping, plastic injection molding, die casting, iron foundry, assembly, machining, and similar processes.


Prefer partnering with current management, but can provide a new team if needed.


Opportunities will be acquired with an opening balance sheet that will allow for company growth.


Mr. Tom Begel

Founder, Chairman, and Principal of Begel Industries, a private investment firm specializing in the acquisition and operation of industrial manufacturing companies. Prior to Begel Industries, Mr. Begel was Chairman, President, and Chief Executive Officer of The Pullman Company, a diversified manufacturer of industrial and transportation products, until its acquisition in 1988. He was Senior Vice President of the Engineered Products Group of the Signal Companies, Inc., and Senior Vice President of Wheelabrator-Frye, Inc. from 1981 to 1983. Mr. Begel is a graduate of the University of Missouri at Columbia.

Mr. Tim Masek

Managing Director of Begel Industries. He has served as a Director, CEO, and President of several portfolio companies since 1992, including Bostrom Seating, Heckethorn Manufacturing, and Fuel Systems. Mr. Masek holds a BS in Business Administration from Dominican University.

Mr. Mike Wilson

Managing Director at Begel Industries. He has also served as a Director and CFO of several portfolio companies since 1992. Prior to Begel Industries, Mr. Wilson served as a Senior Financial Manager at several Pullman Company entities from 1977 to 1991, and worked for Johnson, Atwater & Co., CPAs from 1975 to 1979. Mr. Wilson holds a BA in Accounting from Loyola University Chicago and an MBA from DePaul University.

Ms. Courtney Begel

Managing Director at Begel Industries, and is currently pursuing an MBA in finance at Loyola University Chicago's Quinlan School of Business.

Selected Historical Acquisitions

Coach and Car Equipment

Manufacturer of commercial seating for the rail, military, and transportation industries

Northern Tube

Manufacturer of aluminum and steel tubes for the automotive industry

DuPage Die Casting

Producer of die cast and machined, high-precision aluminum castings for the automotive industry


Designer and manufacturer of steel exhaust hardware for the automotive industry

Accura Tool & Mold

Manufacturer of tools and molds for the die casting and plastic injection molding industries

Lester Precision Die Casting

Designer and producer of high-precision aluminum transmission valve bodies for the automotive industry

Fuel Systems

Supplier of fuel tanks and related components for the medium and heavy-duty truck industry

Phillips & Temro

Supplier of cold start and emission control technology for the heavy-duty truck and automotive industries

Richland Center Foundry

Producer of complex iron castings to the construction, mining, and other heavy industries

Stainless Foundry and Engineering Company

Provider of high-precision stainless steel castings used in the chemical, nuclear, and fluid power industries

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