CDM Tool & Manufacturing, Inc., based in Hartford, WI, is a family-owned manufacturer of high-quality plastic injection and precision molds for the plastics industry. The company decided the time was right to transition the business to new owners. Throughout the process, it was imperative the business remain in Hartford, retain its employees, maintain value to their loyal customers, and give back to the local community. Additionally, they targeted a buyer that was committed to growing the business over the long-term.
Baker Tilly Capital, LLC, executed a full-service sell-side process for CDM Tool and was able to leverage knowledge of local and regional buyers to identify those that fit the needs of our client. Given the requirements set forth by the seller, our transactions specialists conducted a detailed analysis of each prospective buyer to efficiently propose options. Additionally, Baker Tilly Capital provided financial analysis, positioning, and negotiating tactics to maintain value during the due diligence phase of the process.
Baker Tilly Capital received multiple indications of interest and advised CDM Tool on the best possible buyer to move into exclusivity. As a result, CDM Tool was successfully acquired by Jacsten Holding, LLC. Jacsten has experience involving family-owned businesses and is committed to upholding the strong foundation of CDM Tool, its employees, and its loyal customers. The transaction allowed CDM Tool to meet their transition requirements set at the beginning of the process as well as maximizing the value of their company.
For more information on this deal, or to learn how Baker Tilly Capital specialists can help, contact our team.