Recent Closings Announcement
- Daniel Marr
- 4 days ago
- 4 min read
We successfully closed three transactions amidst a dynamic and uncertain financial environment, demonstrating that deals continue to get done despite challenges such as inflation, geopolitical risks, and evolving market conditions. If you or your network require assistance with funding, buying, or selling a business, please contact us today to explore opportunities in this ever-changing landscape.
Sale of a Leading Aerospace and Oil & Gas Precision Machining Company Mid-States Advisors (“MSA”) is pleased to announce its role as the exclusive financial advisor to RBR Machine (“RBR” or the “Company), a precision machining company heavily servicing the Aerospace and Oil & Gas Industries, in its sale to a strategic acquirer. About RBR Machine: RBR Machine is a CNC precision machine shop specializing in the creation of custom machined parts, providing end-to-end solutions from engineering and prototyping to full-scale production. The Company serves a diverse clientele, with a strong presence in the aerospace and oil & gas sectors. Acquired as a turnaround opportunity in 2019, RBR has since undergone substantial growth and operational improvements, establishing itself as a trusted supplier to premier customers such as SpaceX. Transaction Highlights: RBR Machine was acquired as a turnaround opportunity prior to the COVID-19 pandemic. Overcoming significant economic instability, the Owners demonstrated exceptional resilience, substantially improving revenue, profitability, and the company’s reputation among leading customers in the Aerospace Industry. The strategic synergies between RBR and the acquirer facilitated a swift and seamless transaction. The acquirer, who is also a supplier to SpaceX, recognized the unique alignment between their own operational expertise and RBR’s capabilities. This shared customer relationship enabled the acquirer to leverage their deep understanding of SpaceX’s systems and supplier collaboration processes, ensuring a natural integration of RBR into their portfolio. The acquirer's strategic rationale for the transaction was clear. RBR's successful turnaround and rapid growth, coupled with strong margins over recent years, made it an attractive acquisition target. The company's demonstrated ability to overcome challenges and establish itself as a key player in the aerospace industry aligned perfectly with the acquirer's growth strategy. Joseph Alam III, Managing Director at Mid-States Advisors, stated: " RBR Machine's success story is a testament to the dedication and vision of its leadership. We are proud to have facilitated this transaction, which positions the Company for continued growth and success within the acquirer's portfolio." |
Sale of a Leading Precision Spring Manufacturer Mid-States Advisors (“MSA”) is pleased to announce its role as the exclusive financial advisor to CSM Spring (“CSM” or the “Company) , in its sale to a strategic acquirer. About CSM Spring: Custom Spring Manufacturing (CSM) is a leading manufacturer and fabricator of precision springs, specializing in small, highly customized runs and prototypes primarily for the energy, oil, and gas industries. J&J Spring Company complements this expertise by excelling in the mass production of springs, utilizing simplified metal alloys for less intricate applications, offering an efficient and cost-effective solution for standard spring requirements. Transaction Highlights: The transaction involved the strategic consolidation of CSM and J&J Spring Company under a single ownership structure, creating a comprehensive solution provider within the spring manufacturing industry. This combination offers clients a broad spectrum of capabilities, ranging from high-volume, standard springs to complex prototype solutions utilizing advanced alloys. The integration enhances operational efficiencies and strengthens their ability to serve diverse industries, including energy and oil & gas. The acquirer’s strategic rationale for this transaction was driven by the significant growth opportunities presented by consolidating the two companies into one building. By leveraging CSM’s expertise in custom prototypes and J&J’s high-volume manufacturing capabilities, the acquirer aims to expand its footprint in key markets. The shared commitment to innovation and quality positions the combined entity as a leader in spring manufacturing. CSM has been under ownership for over five years prior to this transaction. Both companies bring decades of experience in spring manufacturing, with established reputations for reliability and precision engineering. "This transaction represents a significant milestone for CSM, creating a platform for continued growth and innovation in the spring manufacturing sector," said Joseph Alam III, Managing Director at Mid-States Advisors. "We are pleased to have advised CSM and J&J Spring through this process, facilitating a transaction that benefits all stakeholders." |
Strategic Debt Placement for Real Estate Holding Company Mid-States Advisors (“MSA”) is pleased to announce its role as the exclusive financial advisor to Green Lake Equities (“GLE” or the “Company), in securing a debt financing solution to refinance two industrial properties. About Green Lake Equities: Green Lake Equities, LLC is a Michigan-based holding company that owns and manages a portfolio of two strategic properties. Transaction Highlights: Green Lake Equities (GLE) is undertaking a strategic refinancing, transitioning from short-term debt to a long-term, 20–25-year mortgage solution for its two industrial properties. This refinancing coincides with a significant operational restructuring, as the owner has sold the manufacturing businesses previously occupying these properties to a strategic buyer in the industrial sector. The Houston, TX property will continue to house the consolidated operations of J&J Spring and Custom Spring Manufacturing under a long-term market-rate lease with the strategic buyer, ensuring stable cash flow. Meanwhile, the Shelby Township, MI property, now vacant following J&J Spring's relocation, is being actively marketed for lease in a tight industrial real estate market, presenting potential upside for GLE. This dual approach - securing long-term financing while optimizing property utilization - demonstrates GLE's adaptability in navigating the changing landscape of its real estate holdings. The refinancing not only improves GLE's capital structure but also positions the company to capitalize on new opportunities in the industrial real estate market, showcasing proactive management in the face of operational changes. |
We welcome discussion and commentary on this or any of our Newsletter articles. If you would like to discuss our services in more detail or to discuss the content in today's newsletter, please contact us to learn more about how we can assist your company or client. Below are the direct phone numbers and emails for a Mid-States team member who would love to connect. |