Exit Strategies Group Advises Neff Power in Successful Sale
Exit Strategies Group, Inc. is pleased to announce that it recently served as exclusive M&A Advisor to St. Louis based automation solution provider Neff Power, Inc. on their successful acquisition by GCG, a portfolio company of private equity firm Audax Group. Deal terms were not disclosed.
Founded in 1965, Neff Power is a fast-growing industrial automation solutions provider serving customers in 10 states. They distribute robotics, motion controls, sensors, safety, vision, pneumatics and other automation products from leading global manufacturers, and provide significant technical support, production services and engineered solutions. Neff Power is an ISO 9001:2015 Certified company focused on delivering outstanding service to its customers and to continuously improving that service. They have a strong management team, a talented and technically proficient workforce, and they utilize advanced integrated business systems. Overall, a great company.
GCG is a leading value-added provider meeting the wire, cable, connectivity and automation needs of customers across a wide spectrum of markets, including Industrial Automation, Communications and Industrial OEM. GCG also has cable assembly operations and is a leading wire and cable provider to the U.S. Navy.
“Exit Strategies is incredibly pleased to have partnered with Kent and Loretto Wemhoener and the Neff Power team. Our process generated strong interest from multiple strategic acquirers and equity partners, and GCG ultimately provided the best combination of economic terms and cultural and strategic fit” said Al Statz, President of Exit Strategies Group. “We are thrilled with the outcome for the Wemhoeners and their team as they continue building on their success and drive this segment of the industrial automation market forward. This acquisition illustrates Exit Strategies’ continued commitment to providing strategic valuation and M&A advisory services to U.S. industrial automation technology companies.”
About Exit Strategies Group
Exit Strategies is a leading provider of strategic merger and acquisition advice/execution and business valuation services. Founded in 2002, with offices in San Francisco CA and Portland OR, the firm has advised on well over 100 M&A transactions. Exit Strategies represents closely-held and family-owned companies and helps them optimize results in a strategic sale or recapitalization. Its industry expertise spans all areas of industrial automation products and services and advanced manufacturing. For more information visit www.exitstrategiesgroup.com.
Al Statz is the founder and president of Exit Strategies Group. To discuss a potential business sale, merger or acquisition, confidentially, Al can be reached at 707-781-8580 or email@example.com.