THE SELLER– T.H.E. Machine Company is a privately owned equipment manufacturing company located in Glenwood, Minnesota. Established in 1996, the Company designs and manufactures ground frost removal and concrete curing systems primarily utilized in the Construction Industry.
THE SITUATION– The owners of T.H.E. Machine Company decided to sell the Company in order to focus on other business ventures. The main objectives of the sale were to maximize the value received for the company, retain a loyal workforce, and to keep the company locally owned and operated while taking advantage of their International distribution opportunities.
ENTER QUAZAR– Quazar Capital Corporation was engaged to help market the Company to Domestic and Global Markets in order to receive the maximum value for the Owners.
THE CHALLENGE– The patented product line of T.H.E. Machine Company serves a specialized niche in weather-specific markets. The Company interacted with several types of industries including concrete-related, cold-weather focused, and general construction equipment manufacturing. The market for the Company is very broad. Quazar approached Strategic Buyers from multiple industries as well as financial buyers and was successful in demonstrating the unique value and performance of T.H.E. Machine Company to a variety of potential buyers.
THE RESOLUTION– Quazar identified and approached a local investment group. Their proven operational skills and local ties to the community made the investment group an ideal fit to buy and run the business. Quazar assisted its Client in negotiating a sale that achieved the stated financial goals and preserved the jobs and the business in the local community.