Fraser, MI – December 6, 2013 – Silver Sail Capital, LLC (“SSC”) and 3P Equity Partners, LLC (“3P”, and together with SSC, “S3”) have announced the joint acquisition of Visioneering Inc. (“Visioneering” or the “Company”). The Company was previously owned by Hammond, Kennedy, Whitney & Company – a private equity firm focused on lower middle market acquisitions – with D.A. Davidson & Co. acting as its financial advisor in a formal sale process. The buyer’s advisors included Sutton, Pakfar and Courtney, LLP as their legal representation and Crowe Horwath, LLP on the accounting diligence front. The terms of the transaction were not disclosed.
S3 will retain all of the Company’s current employees and are tremendously excited to partner with its talented management team. This team has been instrumental in guiding the Company and achieving its past and current success. S3 intends to provide additional resources and growth capital to the Company, allowing it to expand on its operational footprint. Visioneering will continue to explore its organic growth initiatives as well as possible acquisition opportunities allowing the Company to continue its successful evolution.
Visioneering is a leading designer, manufacturer, and installer of complex, high-quality fabrication, assembly and automation tooling systems for the aerospace and defense industry. The Company manufactures a complete suite of aerospace tooling products, ranging from highly-machined large assembly fixtures to smaller close-tolerance tools, such as jigs, mill fixtures, bond and curing tools, and facilities equipment. With a distinguished history that spans over six decades, the Company has a deep technical expertise and manufacturing “know-how” that creates substantial barriers to entry for new competitors. The Company’s custom solutions and tooling system expertise have enhanced the aerospace industry’s ability to assemble aircraft in less time and with greater precision and flexibility.
Categorised in: Uncategorized
This post was written by silversadmin