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| Client: |
Victor Oolitic Stone Company, ("Victor Oolitic" or the "Company") |
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| Business: |
Since the Company's founding in 1898, Victor Oolitic has supplied the highest quality Indiana limestone, in block, slab, sill, and other finished forms, to the North American and global stone trade. The Company is the industry's largest quarrier and raw-material-supplier of Indiana limestone. |
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| Client Objective: |
The principal shareholders and descendants of the Company's founders sought an advisor to maximize the Company's value for estate and wealth diversification. |
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| Results: |
The shareholders of Victor Oolitic, including minority investor CID Equity Partners, engaged BGL to manage the sale of the Company. The Company had made substantial capital investments in quarrying and slab production capacity. As a result, it has the most advanced dimension limestone extraction and processing operations of any competing producer in North America. Due to the Company's strong market share, exceptional cash flow characteristics, and favorable long-term growth opportunities, there was substantial interest from financial and strategic buyers. Ultimately, Audax Group was selected to purchase Victor Oolitic and work with existing management to continue to grow the Company. |
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