Westbury Advises Precision Machine Tool Manufacturer on Sale
On Tuesday, May 10, 2016, GF Machining Solutions, a division of Georg Fischer AG, announced that it had purchased 100 percent of the shares of Microlution Inc., a specialist of micro-machining based on milling and laser technologies. Westbury Group LLC served as the exclusive financial advisor to Microlution.
Based in Chicago, Illinois, Microlution was founded in 2005 by three engineers and specializes in 5-axis milling and femtosecond laser for hole drilling and micro-cutting in a wide range of industries including aerospace, medical and automotive. In 2015 The company generated a turnover of USD 10 million with a workforce of 30 employees. The acquisition is in line with the strategy of GF Machining Solutions to enlarge its technology portfolio to cover the needs of its key target sectors such as the aerospace and medical fields. Both parties have agreed to keep the sales conditions confidential.
“We warmly welcome Microlution to GF. The company has developed within a short time a remarkable know-how in micro-machining which complements very well the technology portfolio of GF Machining Solutions”, stated Yves Serra, CEO of GF. “We look forward supporting Microlution in widening its presence in the US and worldwide.”
Andy Phillip, President and Director of Microlution Inc. says: “We are excited for our team, products and technology to join forces with GF Machining Solutions. Microlution’s customers have benefited from our innovative systems for nearly 10 years. With our new partner we will increase our ability to serve our customers and grow.” He added, “It was a great pleasure working with the Westbury team. Their expertise, attention and tireless efforts had a huge positive impact on this project. I would highly recommend them to any entrepreneur looking for guidance in an M&A project.”
The deal was led by two of Westbury’s partners, Bryan MacDonald and Jon Rubin.
About the Westbury Group
The Westbury Group is a FINRA-registered investment banking broker-dealer dedicated to providing exceptional financial and strategic advisory services for entrepreneurial middle market clients. Headquartered in Westport, Connecticut, Westbury’s bankers serve clients across the country. Westbury’s finance professionals bring transactional and real-world operations experience to engagements in a broad range of industries, including technology/media/telecom, manufacturing, aerospace/defense, healthcare and consumer packaged goods/food. Drawing on this experience, teams assist clients with mergers, acquisitions, raising debt and equity capital and strategic counsel. The Company works on transactions ranging from $10 million to $200+ million.