The Selling Company: Heat Treating Incorporated is a rapidly growing, highly profitable, privately-held company providing portable on-site heat treating and machining to comply with mandated code requirements.
Why the company was sold: Create liquidity for the shareholders and to put an eventual retirement plan in place for the shareholders.
Capital Alliance’s Performance: Capital Alliance Corporation ultimately delivered a former client to be the eventual acquirer and negotiated acceptable price and terms for the shareholders.
Terms of the Transaction: A significant cash closing price was received along with an earn-out based on future performance.
The Acquiring Company: Heat Treating Incorporated – Ohio – this company was formed for the acquisition by the buyer group and consisted of a former CAC client who was interested in owning a new operating company.