Manufacturer Sold and New Owner Expands It
Business Transition Strategies served as advisor in the sale of PlasTech Machining Fabrication, Inc. to DelCam Holdings in 2020, making the local company part of a New England-based manufacturing group owned by DelCam.
Usually this is where the coverage stops. However, a column in the N.H. Union Leader in December of 2022 updated the rest of the story.
In fact, the company has grown substantially, doubling employment and adding capacity to boost future production.
Ken Schaefer and John Howe of Business Transition Services, an M&A firm serving the lower mid-market based in Concord, NH and Andover, Mass., coordinated the transaction and represented the sellers, Lou and Claire Ferriero. The company was started in 1997.
PlasTech is known for providing world class plastics machining and fabrication services to the medical, high tech and other industries. The company applies the latest techniques and equipment. It’s commitment to continuous improvement and high-quality standards has earned it loyalty and repeat business.
It is important to note that transactions of this type can have a positive impact in not only preserving a good company but also continue its trajectory of high quality and timely production while also expanding opportunities for staff members.
Private companies like this and the owners who created them are the backbone of the U.S. economy. The vast majority of people work in small companies, and part of the BTS mission is to help transition ownership so founders can retire, and their companies preserved.
BTS News
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Manufacturer Sold and New Owner Expands It
BTS served as advisor in the sale of PlasTech Machining Fabrication, Inc. to DelCam Holdings in 2020...the company has grown substantially, doubling employment and adding capacity to boost future prod
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5 Deal Points from the Trenches
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Tax Changes Could Hurt Net Proceeds
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Good Ideas From Shark Tank Deal
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Buyer Trends in Lower Mid-Market
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Case Studies
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Precision Machining Company
Initially, liquidation was a serious consideration. It would offer a quick exit but would hurt loyal employees and disrupt the customers who had come to rely on its quality production.
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Green Product Company
Our client owners could dig in for the long haul…However, this would take five years or more. Owners simply lacked the horsepower to do it.
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Water Purification Company and Young Buyers
Owners decided they wanted to retire. They also wanted to be fair to the staff who had been loyal to them. Could the company be sold, the staff retained and the facility remain in use?
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Magnetics Company with High Profile Customers
(T)he manufacturer would need to focus on growing EBITDA to capture interest from major strategic buyers and achieve a higher multiple of earnings.