Overview of Project
A family-owned provider of advanced laser and water-jet contract manufacturing services with a 25-year history of successful growth hired Manchester to explore strategic options and eventually sell the company to provide an exit for the family.
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The Challenge
The company was a family-owned contract manufacturer that served the aerospace, automotive, electronics, medical, power generation, and other industrial manufacturing industries. Upon the owner’s death, the family sought an exit from company management and ownership.
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The Engagement
Manchester was hired by the company’s family owners to explore its strategic options and eventually to sell the company.
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The Solution
Manchester contacted over 100 financial and strategic buyers and received solid interest from numerous candidates, ultimately negotiating, structuring, and closing the transition at a purchase price premium well above industry norms.
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The Impact
The company was sold to a financial buyer that buys controlling interest in growing manufacturing companies, and management now has the necessary capital to take the company to its next stage of growth.
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