By Generational EquityNov 11, 2014, 05:00 et
Generational Equity, a leading mergers and acquisitions advisor for privately-held, middle-market businesses, is pleased to announce the acquisition of its client, Professional Machine, Inc., headquartered in Bellingham, Massachusetts, by ARCH Global Precision, headquartered in Livonia, Michigan. The acquisition closed on October 31, 2014.
Professional Machine (Promach) is a manufacturer of precision machined components for a diverse set of industries, including oil & gas, medical, dental, aerospace and residential and commercial construction. To learn more, visit www.promach.biz.
Joe Kauker, President of Promach, commented "We are pleased to announce the sale of Professional Machine to ARCH Global Precision. In choosing an acquirer to sell the company to, it was important for us to identify a buyer that was committed to the continued growth of Professional Machine.
"Given the track record and reputation of ARCH Global Precision, we are confident that ARCH is an ideal partner to help take Promach to the next level."
Mr. Kauker will remain with the company in his current role as President to ensure the successful integration and growth of the business under ARCH's ownership.
Managing Director Doug Smith and his team, including affiliate Gene Gall and Vice President Ryan Johnson, led the Generational Equity deal team that assisted Professional Machine on the transaction.
"Both buyer and seller recognized the fit and growth opportunities" said Gene Gall.
ARCH Global Precision, a portfolio company of Strength Capital Partners, is focused on precision machined components and consumable cutting tools and instruments. To learn more, visit www.archglobalprecision.com.
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