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Business: Industry leading designer and assembler of machinery serving the high and medium pressure reinforced hose markets.
Background: Individual owner sought to exit the business for estate planning purposes. HRCP won the auction, in large part due to our flexibility and responsiveness.
Structure: HRCP provided the seller with a cash transaction and created a solution to diversify his real estate holdings.
Co-investors: MassMutual (DL Babson), Altus Capital, company management, Limited Partners, and HRCP Executive Affiliates
HRCP Team: Scott Oakford, Chris Lund
HRCP Value-Add:
- Secured cash-flow loans and mezzanine financing
- Assembled BOD and investor group with relevant experience in capital
equipment
- Created substantial management ownership, clear objectives and
compensation programs
- Augmented sales initiatives through discussions with an HRCP portfolio
company in a related industry
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Magnatech International, Inc.
Robesonia, PA
magnatech-int.com
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