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Black Clawson Converting Machinery, Inc. |
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Situation:
An aging owner of a family business desired to sell the assets of his company to resolve a complicated financial situation. The business unit has grown steadily since it made its first converting equipment in 1946 and is an industry leader in the design, assembly, installation and service of flexible web converting and the plastics processing equipment worldwide.
Solution:
HRCo was able to structure a transaction that solved the seller's complex needs while providing management the opportunity to own a significant equity interest in a company with adequate working capital for growth and a balance sheet with less than a 50% debt/capital ratio.
The conservative capital structure positions the company for internal and external growth while allowing the company to weather cyclical downturns when they occur.
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