Strategic Sale

The Company manufactures and distributes aftermarket parts used in the food processing and textile industries.

Transaction Overview:

The Company’s owner and primary operator was approaching retirement and was seeking an acquiror who could provide both maximum liquidity for the owner and a stable ongoing environment for the Company and its employees after the owner stepped away.  The transaction was further complicated by the fact that the Company had a unique and complex relationship with a major manufacturing partner in Asia.

Results:

Trestle undertook a targeted marketing process that focused on strategic acquirors in the industry as well as private equity groups with an operator available to step into the CEO role as quickly as possible.  The list of potential acquirors was also carefully crafted to avoid any potential partners that might pose a strategic threat or might not be a good cultural fit with the Company.  The Company was sold to a private equity-backed strategic acquiror in a cash deal that provided 100% cash consideration to the owner at Closing.  The owner was able to meet his liquidity objectives and pass the Company along to a new owner that kept all of the operations and employees in place.