DMCA Assists Majestic Industries in Sale
TROY, MICH. – June 9, 2015 – Michigan investment bank Doeren Mayhew Capital Advisors successfully facilitated the sale of Michigan-based Majestic Industries, Inc. to Tooling Technology Holdings, a portfolio company of GenNx360 Capital Partners.
As the exclusive financial advisors to Majestic Industries, Inc., Doeren Mayhew Capital Advisors assisted the manufacturer of progressive and transfer dies to find the buyer, negotiate optimal transaction structure and terms, and facilitate the closing of the sale process.
“The professionals at Doeren Mayhew Capital Advisors were awesome to work with. They made this experience as good as we ever thought possible. I think their integrated approach and affiliation with their accounting firm made the whole process extremely efficient and was really an important part of our achieving such a great result,” said Jim Butler, one of the owners of Majestic. “I cannot say enough good things about our investment banking team. Maybe the best thing I can say is that if I had more companies to sell, I would be hiring Doeren Mayhew Capital Advisors to sell them.”
About Majestic Industries, Inc.
Founded in 1980, and based in Macomb Township, Michigan, a suburb of Detroit, Majestic Industries, Inc. is a leading manufacturer of progressive and transfer dies for the automotive industry. The company designs, engineers, builds, and tests progressive dies for automotive original equipment manufacturers (“OEMs”) and their Tier 1 suppliers in North America. It specializes in the production of large, high-speed progressive dies for stamping automotive parts used throughout a vehicle. For more information, visit www.majesticind.net.
About GenNx360 Capital Partners
GenNx360 Capital Partners is a private equity firm who applies years of operational and leadership experience to investments in middle-market industrial manufacturing and business services companies. The fund’s differentiation is derived through an operationally-based culture where it brings Fortune 50 operating tools and experience to middle-market companies. The fund employs a hands-on and value-build approach to invest in companies in the aerospace/defense, automotive, building products, food/agriculture, health care, metals/mining, oil/gas and power, packaging, specialty chemicals and transportation industries.GenNx360 was founded in 2006 and is headquartered in New York City. For more information, visit http://www.gennx360.com.
About Tooling Technology Holdings, LLC
Tooling Technology Holdings, LLC, founded in 1982 and headquartered in Fort Loramie, Ohio, is a leading supplier of high-quality tooling for a variety of material forming processes, including thermoforming, twin-sheet and single-sheet vacuum forming, pressure forming, compression molding, rotational molding, blow molding, resin transfer molding, rubber and polyurethane molding, carpet and metal stamping, foundry tooling and pulp molding. The full range of in-house capabilities, including patterns, models, cast tooling, finishing, CNC machining, as well as design and engineering, provides customers with a complete one-stop solution for their tooling needs. For more information, visit www.toolingtechonline.com.