One Equity Partners ("OEP"), a middle market private equity firm, today announced that it has made a minority investment in agricultural tractor attachment equipment maker CBM ("the Company"). Financial terms of the private transaction were not disclosed.

Founded in 1967 by the Cornia Family and headquartered in Modena, Italy, CBM is one of the leading global manufacturers of tractor attachment systems. The Company specializes in designing and manufacturing systems for coupling, towing, and lifting implements predominantly for agricultural tractors, with products ranging from 3-point linkages, trailer hitches, pick-up hitches, and hydraulic power lifts. CBM employs approximately 1,800 individuals and operates six manufacturing sites across Italy, Poland, India, and China. "We’re thrilled to be partnering with the Cornia Family who have built CBM into a global leader in the tractor attachment systems space," said Joseph Huffsmith, Partner, One Equity Partners. "CBM plays a vital role in the production of equipment that drives agricultural efficiency and farm productivity and OEP looks forward to supporting that legacy."

"We believe One Equity Partners is the ideal partner to help guide CBM through its next stage of growth given the firm’s extensive experience investing in and growing manufacturing businesses," said Enrico Cornia, CEO of CBM. "We have identified various opportunities to continue to grow the business and OEP’s industrial expertise will be invaluable in our efforts to execute on those initiatives."

"OEP is excited to partner with CBM to help expand the company’s product portfolio and geographic reach both organically and through acquisitions," said Haley Citrome-Grant, Vice President, One Equity Partners.

"We are ready to start with this new course together with OEP and it was an honor to have coordinated the activities related to the deal," said Matteo Lugli, CBM Group CFO.

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