Chicago, IL, and Southfield, MI – P&M Corporate Finance ("PMCF") is pleased to announce that it served as the exclusive financial advisor to Transfer Tool Products, Inc. (“Transfer Tool” or the “Company”) in its sale to Capital for Business (“CFB”), a private equity fund with substantial investment experience in industrial manufacturing.
Founded by Messrs. James Raterink and John Fiore and headquartered in Grand Haven, Michigan, Transfer Tool is a niche supplier of high and medium volume deep-drawn metal stamped components to the automotive and industrial markets. The Company operates from a single manufacturing facility serving a diverse array of customers globally. It is recognized as one of the leading suppliers focused exclusively on deep-drawn stamped components – a process that requires extensive engineering and process excellence.
“Capital for Business is an outstanding organization and we couldn’t be more pleased to partner with them as we continue to execute on our growth strategy,” said Mr. Raterink. “Their Midwestern values and approach to transactions attracted us to them. Our management team is looking forward to leading Transfer Tool into the next phase of its growth trajectory along with CFB, while continuing to serve our customers with the best quality and service in the industry.”
PMCF was hired by the Company to serve as its exclusive investment banker and lead the sale process. Mr. Fiore noted, “We worked with PMCF well in advance of going to market. We appreciated their long-term focus and advising us on the appropriate time to sell. They represented our interests throughout the entire process, worked extremely well with our team, and we couldn’t be more pleased with the outcome of the deal." Joe Wagner, Director at PMCF, added, “The best part about this transaction is the opportunity it creates for all involved. We couldn’t be more pleased with the outcome and enjoyed working closely with the Transfer Tool team.”
The transaction closed in August 2015.
PMCF is a middle market investment bank providing merger and acquisition advisory services to companies in North America and Europe. PMCF provides a broad range of services including sale advisory, acquisition advisory, capital raising, and strategic advisory. The firm has dedicated industry teams providing services to the plastics and packaging, medical technology, industrials, and business services industries. PMCF has offices in Chicago and Detroit and around the globe via its Corporate Finance International affiliates. For more information, visit www.pmcf.com.