Golder Hawn Buys Machine Tool Dealer
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Golder Hawn Buys Machine Tool Dealer

Goldner Hawn has acquired Concept Machine Tool Sales, a distributor of machining, automation and measuring equipment.

Concept Machine Tool (CMT) sells new and used machine tools (CNC machining centers, grinders and lathes), measuring-inspection equipment (microscopy scopes, gages, and surface testers), stamping-equipment (laser and water jet cutting, and stamping presses), automation equipment, 3D printing equipment, tooling and supplies, and other consumable items.

CMT’s upper Midwest-based customers are active in a wide range of manufacturing sectors including medical, aerospace and defense, and industrial. Other services provided by the company include delivery, installation, and post-sales service and support. The company, led by CEO Craig Conlon, was founded in 1974 and is headquartered near Minneapolis in Plymouth, Minnesota, with a branch location in Delafield, Wisconsin.

“Goldner Hawn has a track record of partnering with companies, driving growth and long-term value for all employees, customers and suppliers,” said Mr. Conlon. “They are committed to providing the capital and resources to execute on our future growth initiatives.”

“We are very excited to partner with the CMT management team,” said Joe Heinen, a partner at Goldner Hawn. “The company’s broad product and service offering, application engineering capabilities, and “solutions-oriented” approach to customer service is unique in the marketplace and provides an excellent base for continued growth in CMT’s current core offerings, as well as adjacent products and services.”

Goldner Hawn invests from $10 million to $30 million in companies that have EBITDA from $5 million to $20 million. Sectors of interest include industrial manufacturing, value-added distribution, consumer products and services, and outsourced business services. The firm was founded in 1989 and is based in Minneapolis.

Golder Hawn and CMT are seeking add-on acquisitions of distributors of machine tools, tooling and machining consumables, and aftermarket parts and service.

© 2020 Private Equity Professional | March 12, 2020

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