{"id":9238,"date":"2014-09-03T15:46:09","date_gmt":"2014-09-03T15:46:09","guid":{"rendered":"https:\/\/staging.asminternational.org\/hts3-new\/results\/-\/journal_content\/56\/10192\/21246478\/NEWS\/"},"modified":"2023-02-07T04:49:54","modified_gmt":"2023-02-07T04:49:54","slug":"austempering-firm-applied-process-takes-on-equity-partner","status":"publish","type":"post","link":"https:\/\/www.asminternational.org\/ims-new\/results\/-\/journal_content\/56\/10192\/21246478\/NEWS\/","title":{"rendered":"Austempering firm Applied Process takes on equity partner"},"content":{"rendered":"<p>\n\tApplied Process Inc., Livonia, Mich., has taken on a majority-interest equity partner, High Street Capital of Chicago. AP provides austemper-focused technologies and services. &#8220;Austempering offers our customers a cost effective way to obtain stronger, lighter and less expensive parts,&#8221; says John Wagner, AP&#8217;s President. &#8220;With High Street Capital as our new capital partner, we have the added resources to expand our capabilities.&#8221;<\/p>\n<p>\n\t<span style=\"font-family: Helvetica, Arial, sans-serif; font-size: 0.9375em; line-height: 1.333333333em;\">In 1984, Applied Process Inc. was incorporated as a stand-alone division of Atmosphere Group in Wixom, Michigan, with John R. Keough as President.&nbsp; In 1993 Mr. Keough spun AP out of Atmosphere Group., and it has since expanded into AP Westshore in Oshkosh, and recently &nbsp;acquired the Monster Parts plant in Oshkosh.&nbsp; AP also established plants and licensees in Australia, England, Canada, China, and India.&nbsp;<\/span><\/p>\n<p>\n\t<span style=\"font-family: Helvetica, Arial, sans-serif; font-size: 0.9375em; line-height: 1.333333333em;\">High Street Capital is investing in AP because they believe in the management, the people, and the business.&nbsp; Dick McClain, (an HSC Principal) says that, &#8220;The High Street Capital partners are looking forward to working with the world-class leadership team and employees at AP to continue AP&#8217;s mission \u2018to grow the pie for austempering&#8217;.&#8221;<\/span><\/p>\n<p>\n\t<a href=\"http:\/\/www.appliedprocess.com\/\" style=\"font-family: Helvetica, Arial, sans-serif; font-size: 0.9375em; line-height: 1.333333333em;\">www.appliedprocess.com<\/a><span style=\"font-family: Helvetica, Arial, sans-serif; font-size: 0.9375em; line-height: 1.333333333em;\">&nbsp; &nbsp;&nbsp;<\/span><\/p>\n<p>\n\t&nbsp;<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Applied Process Inc., Livonia, Mich., has taken on a majority interest equity partner, High Street Capital of Chicago.<\/p>\n","protected":false},"author":63082,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[439,440,441,1],"tags":[],"class_list":["post-9238","post","type-post","status-publish","format-standard","hentry","category-general","category-news","category-news-articles","category-uncategorized"],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v27.9 - 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