"CMM did a tremendous job from start to finish and we could not be happier. Their senior team was intimately involved in every step and in the end, delivered a perfect solution for all parties involved. We could not have done this without them."

has been acquired by

Business Description

Rostra, in business for over 150 years, designs and manufactures specialized hand tools mainly for the plumbing, automotive and electrical market. The company markets its product lines of crimp and press tools, cutting tools as well as strip tools to wholesale distributors and other market specific distribution channels under a number of trademarked brands, with its flagship brand being “Sargent Quality Tools”.

Background

Buckingham Capital Partners and Ironwood Capital had been invested in the Company for nearly 10 years and were seeking a liquidity event for the lenders and equity investors.

Solution

CMM was hired to conduct an auction process for Rostra and approached a number of logical strategic buyers and financial investors, several of whom demonstrated interest.  Through one of its strong relationships, CMM identified the Oetiker Group, a Switzerland-based manufacturer of crimping solutions as a possible bidder.  Ultimately, CMM worked with the Company to solicit a compelling offer that maximized value, provided full liquidity for all of the lenders, a decent return for all of the equity holders, a great new home for the management team and plenty of opportunities for growth, leveraging Oetiker’s global footprint and strong relationships.

Contact us to learn more about this transaction.

More transactions >
X
Thank you! Your submission has been received!
Oops! Something went wrong while submitting the form.

Join Our Mailing List

For more than three decades, Carter Morse & Goodrich has excelled at maximizing shareholder value for our clients and leading transactions through to successful completion.

Please enter your information below to receive email updates
from Carter Morse & Goodrich.