IRT Corporation
IRT Corporation
IRT Corporation, a publicly traded company and a debtor in possession based in San Diego , California , is a developer and manufacturer of X-ray image processing systems for industrial applications.
Thermo Electron Corporation a NYSE listed publicly traded company based in Boston , Massachusetts , provides solutions for a wide range of electronics and instrument applications.
OEM Capital was engaged to assist IRT Corporation in finding a buyer for its business to complete its reorganization program. We worked closely with management to best maximize the value of 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.
Our success with IRT 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.