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| Client: |
Western Pneumatic Tube ("WPT") |
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| Purchaser: |
Tinicum Capital Partners II, L.P |
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| Business: |
WPT, based in Kirkland, Washington, is one of the world’s leading manufacturers of large diameter, light wall welded tubing products primarily for the aerospace industry. The company’s custom-formed welded tubes are produced in three primary alloys – nickel, titanium, and stainless steel. During its 50-plus year history, WPT has captured a significant share of its served aerospace market, having become the vital supplier of welded tubes to high-profile aerospace OEMs and sub-tier assembly manufacturers such as Boeing, Airbus, Pratt & Whitney, and General Electric.
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| Client Objective: |
Superior Group, Inc., holding company of WPT, engaged BGL to pursue liquidity alternatives for the business. |
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| Results: |
BGL conducted a targeted, strategic buyer focused auction that included financial sponsors as well as both domestic and international strategic acquirers. This sale process yielded several interested parties and culminated in substantial value for all parties involved in the transaction.
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