How an Automation Company Strengthened US Presence with Strategic Acquisition of Niche Material Handling Manufacturer

How an Automation Company Strengthened US Presence with Strategic Acquisition of Niche Material Handling Manufacturer

by | May 6, 2024

How an Automation Company Strengthened its US Presence with Strategic Acquisition of Niche Material Handling Manufacturer

April 30, 2024

Coesia done deal nuvescor

Coesia, a global leader in the automation industry, has acquired Automation & Modular Components, LLC (AMC, LLC), a well-known manufacturer of material handling automation systems. Facilitated by NuVescor Group, this strategic move is set to significantly bolster Coesia’s presence in the US market, particularly in the battery sector and broad-spectrum material handling applications.

Based in Davisburg, Michigan, AMC has carved out a niche for itself in the automation landscape. The company’s expertise lies in the production of material handling automation systems with integrated controls, as well as conveyors that seamlessly fit into assembly systems and production lines. AMC’s diverse clientele is a testament to its versatility, with the company catering to a plethora of industries, including Automotive, Food, Medical, Appliance, Metalworking, Electronics, Packaging, Munitions, Parts Processing, Glass, Pharmaceutical, Alternative Energy including Solar, Container Handling, Household Products, and Assembly & Material Handling.

Alessandro Parimbelli, CEO of Coesia, expressed his optimism about the acquisition, saying “We are glad to welcome AMC into our Group, and we consider this company a strategic asset for the development of FlexLink.”

The acquisition of AMC is a significant step forward for Coesia, and for its subsidiary FlexLink. AMC’s heavy-weight conveyance systems are set to enhance and expand FlexLink’s robotic and material handling expertise.

Dick Shore, AMC’s former owner, is equally optimistic about the company’s future under Coesia’s leadership. He’s confident that Coesia/FlexLink is the perfect fit for AMC to continue its growth trajectory and expand its global footprint.

Shore stated, “Coesia with FlexLink is the perfect home for AMC to continue on its growth path and further expand its global presence, continuing to help companies in over 25 industries across six continents to produce goods faster, with more consistency.”

Coesia’s plans for the future are ambitious, with the Group aiming to continue investing in automation technology. The sector’s attractive growth prospects make it a lucrative avenue for Coesia’s inorganic and organic growth, both in the United States and globally.

Randy Rua, President of NuVescor, the M&A advisor for AMC, lauded the company’s unique capabilities in the manufacturing space. He stated, “AMC is a wonderful business with unique capabilities in the manufacturing space. We wanted to find the perfect fit to allow them to continue to grow in that space.”

The acquisition of AMC by Coesia is a strategic move that aims to benefit both companies. AMC’s expertise in material handling automation systems and Coesia’s global leadership in the automation industry are a winning combination.

Learn more about the transaction here

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Shively Bros. Acquires Woodworking Company

Shively Bros. Acquires Woodworking Company

by | Mar 13, 2023

Shively Bros. Acquires Woodworking Company

GRAND RAPIDS, Mich. – March 8, 2023 – NuVescor Group is pleased to announce the successful sale of a specialized woodworking company to Shively Bros. Inc.

The woodworking company is experienced in dealing with even the most complicated kitchen remodeling and kitchen renovations. Its award-winning kitchen designs are regularly featured in local, regional and national publications. According to Chris Clarambeau, President of Shively Bros., “This was an opportunity for our company to expand into a new sector where we can bring our experience and distributor reach to a new set of clients. We are excited to add this capability and product offering to our portfolio as well as diversifying our customer base.”

Shively Bros., based in Flint, Mich., is a family of companies working collaboratively to improve its manufacturing customers’ operational efficiencies. Its six core areas of expertise are inventory management, supply chain management, engineering services, cutting tool preset and regrind management, gauge management and continuous improvement. Each Shively Bros. company plays a unique role, contributing its own specialty and expertise, to deliver a broad spectrum of high-quality products and solutions designed to increase their customers’ bottom lines.

Shively Bros. was founded in 1947 in Flint, and has grown steadily to now include 15 locations across five

U.S. states as well as Canada and Mexico. It currently serves more than 1,200 customers in a variety of market segments, including automotive, aerospace, medical instruments, food service, metal stamping and oil and gas.

Shively Bros. was assisted in the transaction by NuVescor Group.

About Shively Bros. Inc.

Shively Bros. Inc. is an employee-owned firm that consists of five companies: Shively Bros., Shively Supply, Shively Diversified Management Services, Shively Bros. Canada and Shively Bros. Mexico. For more information on Shively Bros., visit www.shivelybros.com.

About NuVescor Group

NuVescor Group, based in the Midwest, is a distinguished mergers & acquisitions service company that has served the manufacturing industry since 2007. The employees of NuVescor possess the full array of disciplines needed to complete successful and timely business transactions. NuVescor utilizes a proprietary proven process that greatly increases the success rates for business transactions as well as the customer experience. For more information about NuVescor, visit www.nuvescor.com.

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Detroit-Area Metal-Coating Company Sold to Investors

Detroit-Area Metal-Coating Company Sold to Investors

by | Jan 12, 2023

Detroit-Area Metal-Coating Company Sold to Investors

GRAND RAPIDS, MI – Dec. 15, 2022

NuVescor Group is pleased to announce the successful sale of a Detroit-area metal coating and cleaning services company.

The diversified metal-coating company provides innovative thin-film coating technology, service and equipment to the metal removal and metal forming industries. The Company’s technology provides improved productivity and performance in a variety of products for the medical and aerospace industries, as well as many applications involving the manufacturing of industrial components. 

The two individual buyers are looking to grow and expand the business.

 

About NuVescor Group

NuVescor Group, based in the Midwest, is a distinguished mergers & acquisitions service company that has served the manufacturing industry since 2007. The employees of NuVescor possess the full array of disciplines needed to complete successful and timely business transactions. NuVescor utilizes a proprietary proven process that greatly increases the success rates for business transactions as well as the customer experience. For more information about NuVescor, visit www.nuvescor.com.

Trends to Watch in Manufacturing M&A in 2022

Trends to Watch in Manufacturing M&A in 2022

by | Jan 4, 2022

Manufacturing M&A stands to continue its boom in 2022, especially for companies with strong offerings and a rosy outlook that have managed the pandemic well. Understanding these key M&A trends can help you work with a business broker to successfully market and sell your manufacturing company this year.

The Current Manufacturing M&A Environment: A Primer

Manufacturing M&A is very robust right now, in spite of the interruptions other sectors of the economy have seen thanks to COVID generally and Delta and Omicron specifically. Deal flow has increased each quarter, with closings peaking in December. Current deal pipelines suggest this trend will continue at least into 2022, and possibly beyond.

In the earliest days of this boom, dealmakers were very optimistic about a return to pre-COVID business, thanks to vaccines. Low interest rates, high liquidity, and plenty of dry powder played a big role in this optimism. Even as COVID rips through the globe and optimism about vaccines wanes, PE firms remain committed to deploying capital, especially to new and established middle market companies in thriving industries. PE firms are also increasingly interested in minority investment deals, where in the past they only showed interest in buyouts. PE deals may comprise as much as 40% of all M&A activity, so catering to PE is a key strategy for successfully selling any business.

Similarly, strategic buyers are accumulating large cash stockpiles, and continue to aggressively pursue new opportunities. Lower interest rates make debt financing more accessible and attractive, enabling buyers to manage even restrictive lending standards.

The increase in SPAC activity has also increased access to public markets, and the liquidity these markets offer. Regulatory oversight has dampened SPAC enthusiasm, but SPACs will continue to play a role in many deals in 2022.

Challenges to Manufacturing M&A in the Coming Year

COVID continues to be a concern, especially with uncertainty looming about the effects of the Omicron variant. Companies that struggled during COVID may face increased uncertainty as well as additional scrutiny from buyers. Increases in the corporate and capital gains tax rates continue to pose a problem, as does inflation.

The more aggressive U.S. antitrust environment under the current administration could hinder certain deals, especially hose affecting larger companies.

Trends in M&A for the Coming Year

It remains a seller’s market, with highly competitive markets and sellers enjoying tons of leverage. PE buyers and strategic acquirers must both be aggressive to win bids. Buyers must be willing to shoulder most post-closing risks, especially in the most competitive sectors.

This doesn’t mean that every sale is a slam dunk, though. Sellers must get their books in order, prepare for due diligence, and stand ready to compete. The market is best for sellers with thriving businesses, so the more you can do to prepare your business now, the higher the ultimate sale price is likely to be.