multi-plant auto, agriculture and machine parts manufacturer

$45M Revenue

Company Overview

The Company is a multi-division auto, agriculture and machine parts manufacturer and national tire reclamation and recycling company located in the Midwest.

The Roller division is a machine shop that manufactures specialized rubber rollers and OEM parts for agricultural equipment manufactures such as John Deere and Case New Holland.

Engagement Overview

After enjoying modest growth, the Roller division’s revenues declined due to the economy.

The parent company had recently sold the Company’s real estate and building and were looking to sell the division, as well, to create additional liquidity to further pay down corporate debt.

In addition to bringing investment banking skills to the process, FDP’s operating expertise was invaluable, particularly during the buyer due diligence process.

During due diligence, FDP worked through numerous complex issues relating to asset valuations, as well as the challenges of relocating the Company shortly after closing.

Results

Despite Roller’s modest size and recent financial performance, FDP hosted 7 management presentations and received multiple offers.

The selected buyer paid full price for the Company because of its attraction to the Company’s blue-chip customer base, OEM parts manufacturing expertise and potential consolidation savings. 

FDP News

Oct - 23

Max Bechtel and Austin Curtis join Fort Dearborn Partners

Please join us in welcoming the newest members of the Fort Dearborn Team, Max Bechtel and Austin Curtis.

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Apr - 23

Fort Dearborn advises Reliable Knitting Works

Fort Dearborn Partners served as the exclusive financial advisor for the refinancing of Reliable Knitting Works, a $125 Million Wisconsin-based Company.

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