Michigan Capital Advisors (MCA), a private equity firm focused on the automotive and transportation-related industries, announced it has invested in OPS Solutions, maker of the augmented reality technology Light Guide Systems that is transforming manual assembly and manufacturing processes for companies worldwide. Charles “Chip” McClure, Managing Partner of MCA, has joined the OPS Solutions Board of Managers in conjunction with this investment.
MCA’s growth equity investment will add new horsepower to the rapidly growing company, which enjoyed a 100 percent revenue increase in 2016 and expanded into a custom-built 10,000 square foot facility in Wixom.
“The entire team at OPS Solutions is excited for MCA’s support and thrilled to work with Chip and his team to bring our innovative technology and job creation tools to new markets,” said Paul Ryznar, founder, President and CEO of OPS Solutions. “MCA’s industry expertise and relationships open the door to new worldwide opportunities and expand our sales reach as we transform manufacturing processes and drive the manufacturing industry forward with smart technology.”
“Light Guide Systems is at the forefront of using augmented reality to drive meaningful productivity gains in manufacturing, and we see multiple applications for this technology in the automotive, transportation, medical device and other industries,” said McClure. “I have known Paul for over 20 years, and we are tremendously excited to be partnering with him and his team to support OPS Solutions’ growth trajectory.”
Light Guide Systems helps reduce errors and radically improve manufacturing and other manual processes by projecting a digital operating “canvas” directly onto virtually any work surface and providing audio and visual prompts, guidance, pacing and direction. Light Guide Systems Pro takes the tool to the next level by incorporating its proprietary software into the powerful yet compact Sprout Pro by HP PC platform to deliver a package that is portable, flexible and affordable.
Light Guide Systems is currently available worldwide. Visit www.lightguidesys.com for more information.
About Light Guide Systems
Wixom, Michigan-based Light Guide Systems, Light Guide Medical and OPS Solutions have created patented products, Light Guide Systems Pro™ and Light Guide Systems Classic™, which use proprietary software and industrial projector systems to guide and confirm completion of complex tasks. From assembly to quality control to training, Light Guide System’s technology provides the visualization, traceability and flexibility demanded by leading companies worldwide. Key industries include aerospace, agriculture, automotive, energy, heavy equipment and medical. Learn more at www.lightguidesys.com.
About Michigan Capital Advisors
Michigan Capital Advisors is a private equity firm focused on the middle-market Tier II and III suppliers in the automotive, heavy truck and transportation related industries. These Tier II and III suppliers have been chronically underserved by the investment community for a variety of reasons, including market cyclicality and operational complexity. By leveraging industry relationships, operating expertise and access to capital, Michigan Capital Advisors sees a tremendous opportunity to invest in this demanding, yet dynamic industry. Learn more at www.michigancapitaladvisors.com.