February 3, 2020
Goldner Hawn, LP (“Golder Hawn”) announced that it has partnered with management to recapitalize Concept Machine Tool Sales, Inc. (“Concept” or the “Company”), a leading value-added distributor and service provider for advanced machining, automation and measuring equipment in the upper Midwest. Translink acted as advisor to Goldner Hawn.
Concept provides full-service turn-key manufacturing and automation solutions primarily to the medical, aerospace & defense and industrial end markets. Since the Company’s inception in 1974, its team of highly skilled engineers, technicians and administrative support have been committed to providing the highest level of customer satisfaction to the manufacturing community.
“We are very excited to partner with the Concept management team,” said Joe Heinen, 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 Concept’s current core offerings, as well as adjacent products and services.”
Led by CEO, Craig Conlon, Concept has built a leadership position in the Minnesota and Wisconsin markets. The Company brings together a dedicated and winning combination of machines, application and service expertise, facilities and processes from the time the equipment is ordered, to delivery and installation, followed up by service and support after the sale.
“Goldner Hawn has a track record of partnering with companies, driving growth and long-term value for all employees, customers and suppliers,” added Craig Conlon. “They are committed to providing the capital and resources to execute on our future growth initiatives.”
Concept is actively seeking add-on acquisitions of distributors providing machine tools, tooling and machining consumables, and aftermarket parts and service.
Contact our Team Members advising in this transaction:
Dinan & Company, LLC is the partner firm of Translink Corporate Finance in the United States. It is a leading diversified financial services company with over 32 years of advisory and merchant banking experience dedicated to middle-market transactions.