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P&M Corporate Finance (PMCF) is pleased to announce that it served as the exclusive financial advisor to privately owned Borisch Manufacturing Corporation (Borisch) in its sale to Amphenol Corporation (NYSE: APH). Based in Grand Rapids, MI, Borisch is a leading U.S. manufacturer of value added interconnect and electro-mechanical systems for the military/aerospace market with sales in the last twelve months of approximately $100 million. Amphenol is one of the largest manufacturers of interconnect products in the world. The Company designs, manufacturers and markets electrical, electronic and fiber optic connectors, coaxial and flat-ribbon cable, and interconnect systems. The acquisition of Borisch is consistent with Amphenol’s long-established strategy of offering highly engineered, value added interconnect solutions to military/aerospace customers.
PMCF worked closely with the Borisch shareholders and management team to run an efficient transaction process that spanned six months from the initial marketing phase to the close of the transaction. The transaction process provided the shareholders with the opportunity to evaluate several strategic and financial buyers and ultimately select the buyer that best fit the objectives of the Company, the management team and the shareholders. “From the beginning of the process, we were committed to finding a buyer that would enhance the opportunities for our employees and ensure continued success for our customers. PMCF shared that commitment and found the perfect buyer” said Borisch president Jonathan Borisch.
PMCF advised Borisch in all phases of the transaction process from identifying potential buyers and setting the marketing strategy, to leading the negotiations of the transaction terms, facilitating the due diligence process, and advising on the legal documentation.
About Borisch Manufacturing Corporation
Incorporated in 1994, Borisch Manufacturing Corporation is a full service provider of interconnect products and integrated systems specializing in the low to mid volume, high reliability sector. The Company provides a variety of products and services to customers in the aerospace and defense sector including fully integrated electro-mechanical systems and assemblies as well as circuit card assemblies, ruggedized displays, and harnesses and cables. Borisch is headquartered in Grand Rapids, MI.
About Amphenol Corporation
Founded in 1932, Amphenol Corporation is one of the largest manufacturers of interconnect products in the world. The Company designs, manufacturers and markets electrical, electronic and fiber optic connectors, interconnect systems and coaxial and specialty cable. Amphenol has a diversified presence in high growth markets including: Information Technology and Data Communications, Mobile Devices, Mobile Networks, Broadband Communication, Military and Aerospace, Industrial, and Automotive.
About P&M Corporate Finance
P&M Corporate Finance, LLC is a middle market investment bank providing merger and acquisition advisory services to companies in North America, Europe and Asia. PMCF provides a broad range of services including sale advisory, acquisition advisory, capital raising, strategic advisory, and fairness opinions. The firm has dedicated industry teams providing services to the business services, medical technology, industrials, and plastics and packaging industries. PMCF has offices in Chicago, IL and Detroit, MI and internationally through Corporate Finance International.
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