Validor Capital has acquired Boehm Pressed Steel Company, a third generation family owned business.
Boehm Pressed Steel is a manufacturer of deep drawn metal parts and stampings that are used in the appliance, automotive, conveyer, mining, HVAC, industrial equipment, and railroad industries. The company, led by President Robert Boehm, was founded in 1918 and is based in the Cleveland suburb of Valley City, OH (www.boehmstampings.com).
Boehm Pressed Steel is a successful, multi-generational family business but did not have a family-member successor in place to operate or run the business. The shareholders of the company wanted to implement a plan for an exit strategy, while ensuring the company could operate and grow once the shareholders were no longer involved in the business. As a result, MelCap Partners (www.melcap.com), a middle market investment bank located in Medina, OH, was engaged to achieve these goals.
“MelCap kept the issues in focus to help Boehm achieve the desired end result. Through MelCap’s patience and sound advice, the shareholders were able to reach their goals through this sale process,” said Mr. Boehm.
Validor Capital makes control investments of up to $20 million in privately held US-based small to middle market manufacturing, industrial, and business services companies. Typical target companies will have revenues of $10 million to $100 million and EBITDA of up to $10 million. Validor is led by its Managing Partner Matthew Kaufman and is based in Boca Raton (www.validorcap.com).
© 2017 Private Equity Professional | April 25, 2017
