ALBANY, N.Y. – Haun Welding Supply, Inc., a 4th generation welding supply company based in Syracuse has acquired the Albany division of Cryo Weld, Inc., itself a family owned business based in Poughkeepsie.
The sale was coordinated by Business Transition Strategies of Pembroke, N.H. and its associate, Mark Lagasse.
The acquisition enhances Haun’s footprint in the Northeast which includes 20 locations in upstate New York, Vermont, Northern Pennsylvania and western New Hampshire.
Haun supplies the welding industry with general supplies, gases and specialized welding training programs. Its customers range from manufacturing and fabrication to medical and education fields.
Cryo Weld will continue as an independent welding supply business under family ownership and its current management, through its offices in Poughkeepsie and Lake Katrine, N.Y. The company was founded in 1993 by Tom Dyal, who plans to retire following the sale of the Albany operations.
Cryo Weld serves the Hudson Valley, Western Connecticut and parts of Massachusetts with a full line of wire and apparatus, welding equipment, welding machines, among other things.
The transaction plan was coordinated by Mark Lagasse, an associate of Business Transition Strategies, a New England based M&A advisory firm that specializes in private companies within the lower mid-market.
Lagasse draws on 30 years of experience in the gas industry as well as work within the private equity search sector before joining the firm, which has offices in Pembroke, N.H. and Andover, Mass.
“It is great to help two family run companies remain in business with a plan that is a win-win for both,” said John Howe, director of Business Transition Strategies.
Business Transition Strategies works with owners of private companies who want to sell or prepare for a transfer down the road. It has sold manufacturing, distribution, machining and coating companies in New Hampshire, Massachusetts and New York.
"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."
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The call came out of the blue. It was a group interested in buying the business. They needed information. Your company was a perfect fit. Just send us some details and we will be in touch.
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Businesses we sell typically go to market without a preset asking price. Why? Value is really in the eye of the buyer. And that can vary widely, depending on who they are and what they have in mind.
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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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(T)he manufacturer would need to focus on growing EBITDA to capture interest from major strategic buyers and achieve a higher multiple of earnings.