Superior Products Acquires Macro Technologies

Superior Products, Inc. of Cleveland, Ohio has acquired Macro Technologies, Inc. of Kirkland, Washington. Terms of the transaction were not disclosed.

Macro Technologies, founded in 1974, manufactures proprietary quick connects, relief valves, stainless hoses, and shutoff valves for compressed and cryogenic gases used in home medical, transportation, and industrial markets. Their products operate in extremes of temperatures, pressures, and accuracy, and are also used in the emerging LNG and CNG markets including alternative fueling.

Privately owned Superior Products, Inc., founded in 1946, designs and manufactures a complete line of compressed gas fittings, assemblies, and gas management systems for customers in the welding, medical, beverage, and specialty gas industries throughout the Americas, Asia, and Europe. CEO Don Mottinger noted that with the acquisition of Macro, 70% of Superior Products’ revenue now comes from selling into the medical market, and strong synergies result from the two companies’ complementary strengths.

EdgePoint Capital Advisors of Beachwood, Ohio, served as acquisition advisor to Superior Products throughout this transaction and arranged the acquisition financing. “EdgePoint did an excellent job for us throughout the process, designing a creative financial structure and obtaining the financing, as well as advising us on each step as the transaction moved along. I wouldn’t want to have done it without them”, said Mottinger. EdgePoint, a member of FINRA and SIPC, is a leading investment banking firm that advises owners of middle market businesses on merger and acquisition transactions.

The transaction provided liquidity to Superior’s owners

Our clients say

Don Mottinger

Former CEO

Superior Products, LLC

“We’ve worked with EdgePoint since 2008, when they helped us acquire Macro Technologies of Kirkland, Washington by creatively structuring and sourcing multi-layer financing. Macro made our company much larger and more valuable, and EdgePoint continued to help us prepare for an eventual sale. When we began the sale process, they were hands-on with every key aspect of the deal, including finding motivated buyers and getting things back on track several times. They used buyer competition to negotiate a higher price and better terms. It was great to have EdgePoint on our team.”

Crestwood Management has acquired Corporate Collection Services & Call…

Crestwood Management has acquired Corporate Collections Services, Inc. and Call Center Resources, Inc. Terms of the transaction were not disclosed.

EdgePoint Capital initiated the transaction, led the negotiations, and served as exclusive financial advisor to Corporate Collection Services, Inc. and Call Center Resources, Inc. EdgePoint is a leading investment banking firm focused on providing lower and middle market business owners with merger and acquisition advisory services.

Founded in 1974, Corporate Collection Services and Call Center Resources, based in Beachwood, Ohio, provides third-party accounts receivable collections and accounts receivable management solutions. The company also provides corporations with the outsourcing of custom call center services including first-party inbound and outbound telesales, customer acquisition, order processing, help-desk servicing, satisfaction surveying, and other customer support services.

Crestwood Management is a consumer finance company focused in providing under-banked and credit-challenged individuals with financial services including cashless check cashing, multifunctional debt cards, and consumer-friendly installment loans. The Company operates 123 stores in nine states and the District of Columbia.

MCF Industries, Inc. has sold to a Private Investor

A private investor has acquired MCF Industries, Inc. Terms of the transaction were not disclosed.

EdgePoint Capital initiated the transaction, led the negotiations, and served as the exclusive financial advisor to MCF Industries. EdgePoint is a leading investment banking firm focused on providing lower and middle market business owners with merger and acquisition advisory services.

Started in 1980, MCF Industries is a certified ISO 9001-2000 provider and manufacturer of axles and other related precision-machined components for use in off-highway vehicles, including all-terrain vehicles (ATVs), golf carts, and turf mowers. Additional machined components are manufactured for use in industries such as heavy construction equipment, hydraulics, and automobiles. The company is based in Bellville, Ohio.

The Fibromyalgia & Fatigue Center has successfully completed a…

The Fibromyalgia & Fatigue Centers has successfully obtained financing. Terms of the transaction were not disclosed. EdgePoint Capital identified financing sources, led the negotiations, and served as the exclusive financial advisor to the Company.

The Fibromyalgia & Fatigue Centers is a chain of clinics throughout the U.S. that specialize in CFS/FMS. The Company helps patients find physicians trained in treating these illnesses.

EdgePoint is a leading investment banking firm focused on providing middle market business owners with merger and acquisition advisory services.

Carnegie Body Co. has divested its parts business to…

EdgePoint arranged financing and served as exclusive financial advisor to The Carnegie Body Company. EdgePoint is a leading investment banking firm focused on providing lower and middle market business owners with merger and acquisition advisory services.

Founded in 1922, Carnegie Body Company has evolved into one of Ohio’s largest medium- and heavy-duty truck equipment distributors. The company is based in Brookpark, Ohio, and currently serves a wide variety of industries, including construction, landscaping, municipalities, dealerships, fire and rescue, and logistics.

Warehouse Cabinets has sold to Babin Building Solutions

Babin Building Solutions has acquired Warehouse Cabinets, Inc. Terms of the transaction were not disclosed.

EdgePoint Capital initiated the transaction, led the negotiations and served as exclusive financial advisor to Warehouse Cabinets, Inc. EdgePoint is a leading investment banking firm focused on providing lower and middle market business owners with merger and acquisition advisory services.

Founded in 1989, Warehouse Cabinets is a leading distributor of kitchen cabinets and appliances. The company serves the home remodeling and new home construction markets out of its design and selection center in Broadview Heights, Ohio.

Founded in 1916 and headquartered in Bedford Heights, Ohio, Babin Building Solutions provides commercial and residential customers with a one-stop resource for quality building products.

Tank Services Company & Midwest Tank Services has sold…

Stonewood Capital has acquired Tank Services Co. and Midwest Tank Services, Inc. Terms of the transaction were not disclosed.

EdgePoint Capital (www.edgepoint.com) initiated the transaction, led the negotiations and acted as exclusive financial advisor to Tank Services. EdgePoint is a leading investment banking firm focused on advising lower and middle market business owners with merger and acquisition advisory services.

Founded in 1972, Tank and Midwest are known for their expertise in corrosion control and cathodic protection services. The Company provides corrosion protection to items such as tanks, structural steel, poles, piping, heat exchangers, buildings, cranes, equipment, floors, vaults, sumps, pipelines, compressors, and tank batteries. The companies are based in Canton, Ohio.

Located in Pittsburgh, PA., Stonewood Capital Management, Inc. is a Pittsburgh-based private equity firm seeking investment opportunities primarily with manufacturing, assembly, or distribution companies with sales from $5 to $60 million.

MC Sign Company has sold to Sverica International

Sverica International, a private equity group located in Boston, MA., acquired MC Sign Company, Inc., a privately held business located in Mentor, Ohio.

EdgePoint Capital Advisors initiated the transaction, led the negotiations and acted as exclusive financial advisor to MC Sign Company, Inc.

Although we equally value all of our clients, MC Sign Company is one of those engagements in which we particularly enjoy having been involved.

The history of MC Sign Company follows that of so many successful closely-held lower middle market companies we often encounter. Soon after graduating college the primary shareholder purchased a small crane truck from the original founder of MC Sign Company. This truck serviced single location retail clients in one rural county in Ohio. The new owner envisioned an innovative growth strategy that encompassed a national network providing both sign manufacturing as well as sign maintenance and repair. Emulating the entrepreneurial spirit we often see, the Company grew and emerged as a leading national, outsourced provider of sign installation programs and maintenance services. The company’s experienced project managers and customer service representatives ensure timely, cost-effective installation and maintenance of outdoor signs for some of the largest retail, restaurant, and financial services companies in the United States. A continuously qualified network of more than 3,000 service technicians and wholesale manufacturers enables MC Sign to provide local service on a national scale. The owner of MC Sign Company realized profitable growth could still be achieved by partnering with an organization that could provide additional management and sales resources and growth capital. He had been introduced to the principals at EdgePoint Capital several years earlier and remained in contact with them during that period. He decided in 2007 that it was time to explore finding the best partner from a strategic and financial standpoint to pursue this strategy and EdgePoint Capital was engaged to assist him. EdgePoint orchestrated the process to identify a partner to meet MC Sign Company’s needs and successfully paired MC Sign Company with Sverica International. MC Sign Company’s Chief Operating Officer, Brad Steven commented, “It has been a pleasure working with EdgePoint Capital. We believe their professionalism, dedication and hard work contributed to the positive results we experienced in this process.” MC Sign Company is well-positioned for future growth and success with the main principals at the helm.

Formed in 1993, Sverica International is a private equity group focused on taking an active role in the future of acquired companies as well as identifying attractive investment opportunities. Sverica focuses on a company’s reputation with its customers, employees and suppliers, as well as its role in the community at large and potential for growth and development. In addition to providing the resources needed for a company to grow and succeed in its market, Sverica’s professionals assist management in developing and executing strategic plans, establishing appropriate financing structures, and positioning the company for expansion.

EdgePoint Capital Advisors is a leading investment banking firm serving small and middle market companies. EdgePoint specializes in providing sell-side advisory, buy-side advisory and refinancing assistance to closely held companies with revenues typically between $5 million and $75 million. EdgePoint’s principals have completed deals with an aggregate value in excess of hundreds of millions and are active in a variety of industries including manufacturing, distribution, service and technology. EdgePoint was founded in 2000 and is headquartered in Beachwood, Ohio.

Was able to continue managing the business while accessing the capital and resources necessary to continue the strategic growth trajectory he initiated.

Our clients say

Tim

Tim Eippert

President

MC Sign Company

I did not fully realize the time commitment necessary to complete a transaction. The EdgePoint team enabled me and my key managers to remain focused on effectively operating the business, while guiding us through the marketing and due diligence process. Their skillful and strategic negotiations were instrumental in ultimately identifying and closing the our deal with a partner that best fit our goals and objectives.

Flexcut Carving Tools has sold to a Private Equity…

An undisclosed private equity group has acquired Flexcut Tool Company, Inc. The terms of the transaction were not disclosed. EdgePoint Capital led the negotiations and served as exclusive financial advisor to Flexcut Tool Company, Inc.

Flexcut Tool Company, Inc. is headquartered in Erie, Pennsylvania, and manufactures innovative carving tools designed for the modern woodcarver. Flexcut is a leading developer of gouges, chisels and knives for hand or power carving.

EdgePoint is a leading investment banking firm focused on providing middle market business owners with merger and acquisition advisory services.

GearTec, Inc. has sold to United Stars, Inc.

United Stars Holdings, Inc. has acquired GearTec, Inc. Terms of the transaction were not disclosed.

EdgePoint Capital initiated the transaction, including identifying and contacting United Stars on behalf of GearTec, led the negotiations, and served as the exclusive financial advisor to GearTec.

Founded in 1988, GearTec manufactures large gears for OEM and aftermarket customers who serve global markets in energy, steel, transportation, and other infrastructure-related markets. The company is based in Willoughby, Ohio.

Located in Beloit, Wisconsin, United Stars Holdings, Inc. was a strategic competitor who sought to expand into the larger gear manufacturing market as well as to penetrate further into new markets.

EdgePoint is a leading investment banking firm focused on providing lower and middle market business owners with merger and acquisition advisory services.

Above-market pricing by ancillary industry competitor who needed large gear manufacturing capabilities resulted in a premium to pre-emptive bid

Our Client Says

James Weaver

Former owner and President

Geartec, Inc.

“Several years ago, I received an offer to buy my company. It was interesting, but seemed low, so I engaged EdgePoint to advise me. EdgePoint promised an orchestrated bidding process to achieve the greatest value and delivered much more than promised. I was and remain delighted with every aspect of the process. The professionalism and attention to detail with my better interests always in mind were exceptional.”