Woodbridge Closes 50th Deal–Poised to Close 50 More in Coming 3 Years
Thursday, May 26, 2005
New Haven, CONNECTICUT – May
26, 2005 – Woodbridge is pleased to announce the
recent sale of Pye & Hogan Machine Company located in Old
Saybrook, Connecticut to Texas-based Tulcan Private Equity. Pye & Hogan
is a leading supplier to the aerospace industry.
Woodbridge acted as mergers and
acquisitions (M&A)
advisor to Pye & Hogan, and the deal's closure marks the
firm's 50th successful transaction. Based on its current rate
of growth, Woodbridge's management expects to achieve its 100th
completed transaction within three years.
"The most rewarding aspect of this transaction," said
Woodbridge president Robert M. Koenig, "is that before
we were engaged, two other national M&A firms tried to sell
this company over a period of several years--and failed."
Woodbridge believed in Pye & Hogan's
future and vigorously marketed the company to over 4,000 prospective
strategic and financial buyers.
"Components of our marketing machine
include mailing to thousands of buyers we identify as possible
acquirers, diligent telephone follow-up to each one, and highly
polished presentation materials we develop for each client," said
Bob F. Murphy, managing director at Woodbridge.
"The
video we produce gives buyers a virtual tour of the client-company
and distinguishes it from all the other businesses on the market.
Pye & Hogan now streams the video we developed to sell the
company from its website for its own marketing purposes," said
Murphy. He attributes Woodbridge's success at obtaining the highest
price possible for the owners to the firm's unique marketing
process.
Woodbridge, LLC., an innovative M&A firm, was
established in 1993 and provides a full range of divestiture
and acquisition services to middle market companies. |