P&M Corporate Finance, LLC (“PMCF”) is pleased to announce that it served as the exclusive financial advisor to Great Lakes Trim, Inc. (“GLT” or the “Company”) in its sale to GLT GLIF, Inc., a private investment group.
Headquartered in Williamsburg, Michigan and founded in 2001 by Tom and Jeff Crandall, GLT is a leading supplier of decorative automotive finishes, including door panels, arm rests, center consoles and seatback panels for automotive OEMs. Over the course of its history, the Company has demonstrated an ability to provide a quality product on time and competitively priced. Broad in-house processing capabilities include die cut & sew, vacuum forming, compression bonding, compression molding, thermoforming, semi-automated and automated assembly, structural reaction injection molding (RIM), and robotic cutting. The Company’s motto – “the customers get the best of us” – is instilled throughout its employee base, and has led to success with some of the most iconic and long-running nameplates for blue-chip customers.
Gary Wood of GLT GLIF, Inc. remarked, “GLT’s differentiated capabilities and overall customer service philosophy have established the Company as a leader in the space. We are excited about the opportunity to work with Tom, Jeff and the management team to lead GLT through its next phase of growth.”
Tom and Jeff Crandall hired PMCF to serve as GLT’s investment banker and lead the sale process. GLT President Tom Crandall noted, “We are pleased with the decision to hire PMCF on this transaction. PMCF was highly involved in all phases of the process from identifying potential buyers and setting the marketing strategy, to leading negotiations of the transaction terms, facilitating the due diligence process and assisting on the legal documentation. PMCF’s understanding of the business and its key value drivers, technical expertise and practical guidance translated into a successful outcome for all parties involved.”
The transaction closed on February 28th, 2019.
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