Auxo Investment Partners Expands Manufacturing Footprint with Bay Cast Acquisition

On May 9, 2025, Auxo Investment Partners, a private equity firm based in Grand Rapids, Michigan, announced its acquisition of Bay Cast Incorporated (BCI) and Bay Cast Technologies (BCT). This strategic move aims to strengthen the firm's portfolio and contribute to the ongoing legacy of the Holman family, who have led Bay Cast for generations.

Incorporated in 1987, with roots dating back to 1896, Bay Cast has established itself as a leading manufacturer of integrated steel casting and precision machining solutions. The company specializes in crafting large, complex components tailored to various industries, including aerospace, marine, defense, energy, automotive, and agriculture. This acquisition enables Auxo to build upon Bay Cast’s legacy and propel its innovative capabilities into the future.

Jeff Helminski, Managing Partner of Auxo Investment Partners, expressed his enthusiasm for the acquisition, stating, “We are thrilled to welcome Bay Cast to our growing family of exceptional manufacturing companies. Their expertise in steel casting and precision machining is unrivaled, and we’re eager to work alongside their talented team.”

Bay Cast’s manufacturing capabilities are commendable. The company is renowned for its ability to produce large-scale components that many competitors cannot replicate, thanks to its advanced technology and skilled workforce. The firm takes pride in its reputation for delivering high-quality, reliable components. Notably, Bay Cast has established strong partnerships with industry leaders, including SpaceX and the U.S. military, reinforcing its pivotal role in mission-critical applications.

In terms of leadership continuity, Bay Cast will retain its current management team, namely Scott Holman (President of BCT), Max Holman (President of BCI), and Jason Holman (Vice President of BCT and BCI). Their significant ownership stake in the business signals their commitment to the company’s ongoing development and success.

The Holman family leadership expressed optimism regarding this partnership with Auxo Investment Partners. Scott Holman noted, “Joining forces with Auxo Investment Partners represents a pivotal moment for Bay Cast. Their commitment to operational excellence and strategic growth aligns seamlessly with our vision, enabling us to enhance our capabilities.”

Max Holman echoed similar sentiments, emphasizing the exciting opportunities this partnership will provide: “We are excited about the opportunities this partnership with Auxo brings. Their expertise in nurturing family-owned businesses will help us build upon what we've created at Bay Cast.” Jason Holman added that the “collaboration with Auxo strengthens our foundation for future innovation, allowing us to invest in our workforce and state-of-the-art facilities.”

The acquisition by Auxo Investment Partners is a testament to their flexible capital model designed for long-term growth-oriented decision-making. This approach is particularly beneficial for family-owned businesses facing generational transitions, as it aligns the interests of the company, its employees, and the community.

In summary, the acquisition of Bay Cast Incorporated and Bay Cast Technologies not only strengthens Auxo's manufacturing portfolio but also facilitates continued innovation and growth for Bay Cast. The partnership is likely to foster advancements that cater to evolving market demands, continuing the legacy of quality and excellence that Bay Cast has become known for in the industry. With Auxo's backing, Bay Cast is poised for a bright future, creating a lasting impact in the manufacturing sector.

For more information about Auxo Investment Partners and their innovative approach, visit www.auxopartners.com.