PMCF Advises Forberg Scientific in its Sale to Kendall Electric
“With this relationship in place, we now have the people, resources, products, and solutions that are unmatched in our industry,” said Jeff Sweeney, Forberg Vice President of Sales. “This combination is the fuel that will drive our growth today, tomorrow, and well beyond.”
PMCF served as exclusive investment banker to the shareholders of Forberg, managing the entire transaction process. Carl Derian, President of Forberg, added, “Selling a business and achieving ‘the close’ is not as easy as it may seem. Working with the team at PMCF was paramount to its success. PMCF began the process by developing a strategy, implementing it, and seeing it to the end. Joe Wagner, Jayson Gitt and the rest of the PMCF team coached us along the way, and in some cases, held our hand, and advised us to gain the best results for our stockholders and our employee team members. PMCF’s value was immeasurable.”
The transaction closed in June 2020. Honigman LLP served as the legal advisors to Forberg.
Read the entire transaction summary here: Forberg Scientific