Case Study

Successfully Positioning & Selling a Structural Steel Fabrication Company

Shaking hands

Insights

  • The company’s founders wanted to:
    • Position the company for a timely sale
    • Provide for the exit of the founders within a short time frame
    • Take care of their management team and employees

Action

  • Two Newport partners served as the exclusive financial advisor to the company
    • Preliminary valuation expectations were set with the founders
    • Transaction sale documents were developed (teaser, CIM, updates)
    • Due diligence materials were prepared and managed in virtual data room
    • A buyer list was developed and a sales strategy was executed

Results

  • The Newport partners ran the sales process and executed an transaction on favorable terms
    • Newport managed the entire sales process virtually due to ongoing pandemic and was able to close the deal on time
    • The founders were pleased with sales process and are enjoying their next chapter
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