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AJAX Rolled Ring & Machine has been acquired by Prospect Capital.

AJAX's management team of Simon Ormerod, CEO; Dan Reichard, chief financial officer; Wil Kantus, vice president of operations; and Justin McCarthy, executive vice president of sales and marketing, will remain with the company under the new ownership.

"With over $550 million in assets with 30-plus portfolio companies in closely related sectors of the manufacturing economy in which AJAX competes, Prospect thoroughly understands our markets," says Ormerod. "We see this not only as a great opportunity for AJAX to grow rapidly with Prospect's support, but as a very positive development for our employees, customers and suppliers."

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