’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.
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.