LLamasoft, Inc. acquired LogicTools, Inc.
LLamasoft, Inc. acquired LogicTools, Inc., a company which provides supply chain planning software.
Ron Klammer
About Ron Klammer
Posts by Ron Klammer:
MarketShare Partners LLC acquired Business Researchers, Inc.
MarketShare Partners LLC acquired Business Researchers, Inc., a company which provides marketing analytics software solutions.
Grinnell Systems
Grinnell Systems
Grinnell Systems Corporation, based in San Jose , California , a wholly owned subsidiary of Gulton Industries, Inc., a NYSE listed company, is a developer and manufacturer of image processing systems. Its systems are primarily used in graphical workstations and video teleconferencing systems.
3M Corporation a NYSE listed publicly traded company based in Minneapolis , Minnesota , provides solutions for a wide range of electronics applications. Its Image Processing subsidiary, based in Pasadena , California , is a developer and manufacturer of image processing systems.
OEM Capital was engaged to assist Gulton Industries, Inc. in finding a buyer for Grinnell Systems Corporation. The business, which had been acquired a few years before, had missed a timely introduction of its next generation of products and was experiencing a rapid decline in revenues with a significant negative cash flow. With our advice, the business was restructured to best accommodate a sale and we initiated a competitive sale process.
OEM Capital’s presentation of the company’s value and our knowledge of the industry secured several interested parties.
However, time being of the essence, it was necessary to structure a transaction that would permit a closing within a very short period. This was accomplished by devising purchase orders for the buyer to secure the assets and avoid liability exposure rather than negotiate a purchase and sale agreement. Gulton Industries, Inc. received a price that permitted it to reverse a substantial portion of its reserve for discontinued operations.
Our success with Grinnell Systems Corporation illustrates that, whether a business is healthy or distressed, superior valuations can be realized for the selling shareholders by a well executed approach to a sale or divestiture by merger and acquisition professionals who are knowledgeable about the industry and the intentions of its participants.
Dualspark Partners LLC acquired Options I/O, Inc.
Dualspark Partners LLC acquired Options I/O, Inc., a company which operates as a cloud marketplace and consulting company.
CCH I, LLC acquired Bright House Networks, LLC
CCH I, LLC acquired Bright House Networks, LLC, a company which owns and operates cables systems in the United States.
Summit Equity Group, LLC acquired Niche Electronics Technologies, Inc.
Summit Equity Group, LLC acquired Niche Electronics Technologies, Inc., a company which provides electronics contract manufacturing services.
Mozido, LLC acquired SimplyTapp, Inc.
Mozido, LLC acquired SimplyTapp, Inc., a company which provides a cloud-based application for payment transactions.
Ticketmaster L.L.C. acquired Two Toasters, LLC
Ticketmaster L.L.C. acquired Two Toasters, LLC, a company which designs, develops, and strategizes iOS and Android mobile applications.
Stone Point Capital LLC acquired Black Mountain Systems, LLC
Stone Point Capital LLC acquired Black Mountain Systems, LLC, a company which develops front office technology for investment managers, hedge funds, private equity firms, investment managers, and banks.
Piezoelectric Products West
Piezoelectric Products West
Piezo West, based in Fullerton, California, a division of Gulton Industries, Inc., a NYSE listed company, is a developer and manufacturer of piezoelectric ceramics for the transfer of electrical energy into mechanical motion and vice versa. Its systems are primarily used by the US government for defense oriented applications ranging from warhead fuzing and active and passive sonar systems.
EDO Corporation, a NYSE listed company based in New York , New York , provides military products and professional services to the US and allied governments, and their prime defense contractors.
OEM Capital was engaged to assist Gulton Industries, Inc. in finding a buyer for its Piezo West business. The business no longer fit with the parent’s strategic objective to move away from a process oriented business. With our advice, the division brought its expenses in line with revenues and we initiated a competitive sale process.
OEM Capital’s presentation of the company’s value and our knowledge of the industry secured several interested parties. When we were approached by a direct competitor, we devised a due diligence program which did not disclose proprietary information prior to closing. Gulton Industries, Inc. received a premium price for its business and was relieved of its long term contract liabilities.
Our success with Gulton Industries, Inc. illustrates that, whether a business is healthy or distressed, superior valuations can be realized for the selling shareholders by a well executed approach to a sale or divestiture by merger and acquisition professionals who are knowledgeable about the industry and the intentions of its participants.