Bengur Bryan, a leading middle market investment banking firm, is pleased to serve as exclusive financial advisor to Commercial Vehicle Group (the “Company” or “CVG”) (NASDAQ: CVGI), a diversified industrial products and services company, in the sale of its First Source Electronics (FSE) business to Woodson Equity, effective October 30, 2024.
Based in Elkridge, MD, FSE manufactures electro-mechanical assemblies, chassis integration, and cable assemblies, and provides automated warehouse, industrial automation, and engineering solutions.
Woodson Equity, based in Washington, D.C., specializes in supporting and investing in companies across various sectors, including diversified industrials, automotive, transportation and mobility, and business services.
Subir Shah, Operations Executive at Woodson Equity, stated, “We would like to welcome the FSE team to the Woodson family. Our focus is to double-down on FSE’s expertise while building lasting partnerships with our customers and empowering the next generation in our community for long term success.”