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Featured Mergers, Acquisitions, and Capital Raise Transactions Closed via Axial
Advised by Equity Partners HG, Ventoux Partners Portfolio Company BMC Global Acquires Peters Machine Inc.
- Date May 1, 2016
- Transaction type Acquisition
- Industry Industrial Machinery & Equipment, Industrial Machinery & Equipment, Industrials, Manufacturing
Ventoux Capital’s subsidiary, BMC Global, LLC of Blissfield, MI. has acquired Peters Machine, Inc. as a result of a connection made on Axial.
In late 2016, Maryland-based Equity Partners HG was retained as an investment banker for the seller. The company had borrowed to expand its capacity during a period of sharp increase in demand for its service and subsequently experienced a reduction in its revenues due to the financial crisis and a slowdown of corn ethanol production. Equity Partners’ charge was to quickly find a buyer for the business before it was forced to shut down, and the firm ran an exhaustive marketing process reaching out to thousands of prospective buyers, which included marketing the deal privately on Axial.
Ventoux Capital specializes in acquiring smaller distressed manufacturing operations with strong management teams in place, and provides guidance and working capital allowing the company to continue operations. The firm continues to seek such investments on Axial.
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