“Several years ago, I received an offer to buy my company. It was interesting, but seemed low, so I engaged EdgePoint to advise me. EdgePoint promised an orchestrated bidding process to achieve the greatest value and delivered much more than promised. I was and remain delighted with every aspect of the process. The professionalism and attention to detail with my better interests always in mind were exceptional.”
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INDUSTRIES
Case Study: GearTec
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Located in Willoughby, OH
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Manufacturer of large specialty gears for the energy, transportation, material handling and construction industries
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The business previously was part of Horsburgh & Scott and was previously divested to their management team
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After more than a decade of building and growing GearTec, its owner was contemplating the sale of the business. A pre-emptive buyer with close ties to the business approached the owner to purchase the company
EdgePoint’s Solution
- EdgePoint, through their analysis and prior market experience, worked with the owner to properly evaluate the pre-emptive buyer. It became apparent that the buyer was unable to provide premium pricing and terms.
- EdgePoint worked with the company and senior leadership to properly prepare the business and create marketing materials in anticipation of a full auction process.
- EdgePoint’s prior gear manufacturing and identified buyer experience was utilized to conduct a robust auction yielding multiple suitors.
EdgePoint achieved the owner’s objectives:
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Above-market pricing by ancillary industry competitor who needed large gear manufacturing capabilities resulted in a premium to pre-emptive bid
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Leadership team remained actively involved in ongoing business
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Employees and business remained intact and the transaction caused minimal disruption to business
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