Manufacturing
Our client owned a thriving thermoplastic injection molding manufacturing company that produced custom components for the automotive, industrial, electronic, and consumer product industries. He realized that the best time to seek a strategic buyer for his company was while the business was in the midst of a growth pattern.
Our client owned a thriving thermoplastic injection molding manufacturing company that produced custom components for the automotive, industrial, electronic, and consumer product industries. He realized that the best time to seek a strategic buyer for his company was while the business was in the midst of a growth pattern. The timing of a sale can have a huge impact on the value, and our client wisely decided to make the most of the opportunity to sell the company to realize the greatest possible return on his investment.
Next Point was hired to initiate our divestiture process to showcase the company to as many strategic buyers as possible. We built a list and a book and marketed the opportunity to over 300 industry players throughout the United States and Canada. More than 40 interested buyers signed a non-disclosure agreement that gave them access to the confidential business summary. Fifteen buyers were interested enough to schedule tours of the facility and meet with the owner. Several letters of intent were solicited, analyzed, and delivered to the owner for his consideration.
The company was sold for a premium price to an out-of-state strategic consolidator. Next Point was able to facilitate a quick and successful negotiation period, including due diligence through to the definitive agreement.
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