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| Client: |
Skill Tool & Die Corp. ("Skill Tool") |
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| Purchaser: |
Morgenthaler Partners and Senior Management |
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| Business: |
Headquartered in Cleveland, Ohio, Skill Tool is a technologically advanced designer and manufacturer of complex metal stamping components primarily for the automotive and plumbing fixture markets. In-die sensor technology that monitors for press errors and measures part quality on-the-fly allow the Company to achieve near zero defects, nearly eliminate die crashes, and increase press efficiency. |
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| Client Objective: |
Operating as a three-family partnership since its inception in the 1960s, an active role by each family in the sale process was critical to the shareholder group. BGL worked closely with each family to evaluate financial and other aspects of the sale. Confidentiality to the Company's work force, customers, and suppliers was critical. |
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| Results: |
BGL approached a select group of strategic and financial buyers with existing automotive or metal fabrication investments and financial buyers with an interest in these industries. The sale process yielded substantial interest primarily from fiancial buyers. Morgenthaler Partners' offer was chosen due to its strong value proposition for the shareholders, dedication to the Company's growth initiatives, and strategic fit with a new Morgenthaler Partners platform in the industry. |
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