Company Overview
The Company was a manufacturer of filter components for use in non-water fluid filtration
Engagement Overview
The Company had experienced recurring losses for a few years, which lead management to engage FDP to lead to sale process.
Fort Dearborn’s sale process generated multiple bids, culminating in a competitive ABC auction sale despite the Company’s modest size and challenging financial performance.
Results
Price increased by over 35% on the day of the auction.
The sale process closed within 5 months of retention.