The Company designs and manufactures custom protective packaging solutions for industrial manufacturing companies located in the southwestern United States.
The Company sells products primarily to leading aerospace, semiconductor, broadband, telecommunications, electronics and defense manufacturers.
The Company is highly regarded for its market leadership in product design coupled with unsurpassed foam fabrication expertise, and consequently enjoys leading market share in its geographic market.
The FDP sales process generated numerous management visits, leading to an attractive all-cash offer with a long-term lease of the facility retained by our client.
FDP overcame numerous challenges in marketing this transaction, including transitioning Company management and demonstrating solid growth potential, despite the Company’s leading share in its regional market.
Furthermore, FDP remarketed the Company after the initial buyer failed to close and consummated a deal with a financial buyer, despite growing challenges in the credit markets, which we mitigated by introducing a senior lender that shared our enthusiasm for the deal.
Fort Dearborn was able to introduce the Company to a lender who provided adequate financing to achieve a high purchase price after the initial strategic buyer failed to close.