has been acquired in a Management Buyout with financing provided by
PMCF Advisors, LLC (“PMCF”) is pleased to announce that it served as the exclusive investment banker to Oakley Industries Sub Assembly Division, Inc. on its transition of ownership to the existing Management Team. Financial terms of the management buyout were not disclosed.
Founded in 1984, Oakley provides tire & wheel assembly and sequencing services primarily for automotive OEMs in battery electric vehicle (BEV) and internal combustion engine (ICE) vehicle programs. Oakley’s extensive investment in technology and automation allows it to serve as a trusted supply chain partner. The Company delivers its assemblies on time and in-sequence directly to its customers’ plants, critical for maintaining OEM production levels. Headquartered in Flint, Michigan, Oakley operates six facilities in Michigan, Ohio, Illinois, and Ontario supplying over twenty automotive programs. The transaction allows the Oakley Management Team to continue expanding the business through industry relationships established over 40 years of operations.
Slater Hawes, former COO, and new majority Owner and CEO commented, “We are incredibly grateful for the creative and unrelenting support provided by the PMCF team. This allowed for a smooth transition in a management buyout process.”
Ellen Clark, Managing Director of PMCF, added, “Slater Hawes and the new ownership team will continue driving growth for Oakley, one of the most efficient and dependable supply chain partners to the automotive OEMs. We were thrilled to help the shareholders and management team navigate the transaction process and we look forward to supporting the new ownership group as they continue Oakley’s impressive growth trajectory.”
The transaction closed in March 2024. Varnum LLP served as legal advisor to the Company.
PMCF is a client-centric middle market investment bank providing merger and acquisition advisory services to private, public, and private equity owned companies worldwide. We combine our expansive industry and transactional expertise with highly engaged, senior-level bankers to create tailored solutions for all our clients. PMCF helps clients meet their sale, acquisition, financing, and strategic growth objectives through a broad range of services, including sale advisory, acquisition advisory, capital raising, transaction planning, and strategic advisory. We have dedicated professionals focused on manufacturing, distribution, plastics & packaging, business services, software & technology, healthcare, and consumer, food & retail industries.
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