Imperial Machine and Tool Company has been acquired by Joshua Partners. Terms of the transaction were not disclosed.
EdgePoint Capital initiated the transaction, including identifying and contacting Joshua Partners on behalf of Imperial Machine and Tool, led the negotiations, and served as the exclusive financial advisor to Imperial Machine and Tool.
Founded in 1959, Imperial Machine and Tool Company fabricates, machines, and finishes steel components primarily for oil and gas exploration using hydraulic fracturing. In addition, the Company rebuilds and reconditions equipment used in the steel manufacturing industry. The Company is based in Wadsworth, Ohio.
Located in Newtown, Pennsylvania, Joshua Partners is a private equity firm focused on providing capital, leadership and operational experience to middle market companies.
EdgePoint is a leading investment banking firm focused on providing lower and middle market business owners with merger and acquisition advisory services.