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.
"The entire process went smoothly and professionally. The BTS team kept me fully informed at every step. They worked hard and were effective in bringing the deal home."
"Skip and I continue to be grateful for all you have done to make the sale of Pure Flow come to fruition."
"BTS’s level of expertise in the process and close attention to detail enabled us to successfully navigate the deal."
"These types of transactions are often long and complicated and I doubt it could have been successfully completed without your close ongoing involvement."
"The outside objective point of view that you have brought us has been invaluable as we prepare for the rapid growth."
"John then found the right buyer and coordinated a seamless transition—he doesn’t miss a single detail."
"John immediately identified our strengths and experiences and discussed a business that ultimately was more in line with our goals."
"The BTS team came in, evaluated everything in a professional and thankfully non-threatening manner."
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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