Chicago's Billow Butler & Co. Advises 100+ Year Metal Plating Company in Sale to Aalberts Industries
Billow Butler’s sell-side transaction expertise and process created an unforeseen strategic partnership and value for our organization.
- Gary Belmonti, PPC President
Chicago, IL, June 10, 2019. Billow Butler & Company, L.L.C. (BBC), a Chicago-based, middle-market investment bank, is pleased to announce the sale of Precision Plating Company, Inc. (PPC) to Aalberts N.V., a publicly traded, multinational manufacturer of mission-critical systems.
Billow Butler & Company served as exclusive advisor to PPC on the transaction that resulted in an agreement for Aalberts to acquire 100% of the shares of PPC. PPC generates annual revenues of approximately 36 million USD.
“Billow Butler’s sell-side transaction expertise and process created an unforeseen strategic partnership and value for our organization,” said PPC President Gary Belmonti. “Direct access to Managing Directors at BBC made us confident that our objectives were known and would be met.”
“This particular partnership required deep expertise in sell-side deal making which our team was perfectly equipped to oversee,” commented Darrell Butler, Managing Director and co-founder of BBC. “The deep-rooted industry knowledge of the buyer coupled with the innovations developed over one hundred years at PPC will result in enormous opportunities for continued market expansion and combined success.”
Founded in 1975, Aalberts N.V. is headquartered in the Netherlands and operates in more than 50 countries and specializes in installation, material, climate and industrial technologies. Aalberts will gain 150 full time employees through the acquisition.
PPC is a 115-year-old, multi-generational provider of precious and non-precious metal plating services. The company offers reel-to-reel, rack and barrel plating processes with a strong focus on R&D, customized engineering and innovation. The company develops and builds its own machinery to continuously improve the efficiency of the plating processes.
The Aalberts/PPC deal was one of Billow Butler & Company’s 15 closings over the last two years and added to the firm’s growing resume of successful sell-side transactions for middle market businesses across a variety of sectors including Industrial Products and Services, the Food & Beverage Sectors, Consumer Products & Services, Healthcare & Patient Services, Business Services and Technology.
About Billow Butler & Company
Billow Butler & Company, L.L.C. is a middle-market investment banking firm, specializing in sell- side transactions. We help clients identify options, understand value and execute deals that maximize and optimize the deal outcome. BBC possesses strong international relationships as well through the Mergers and Acquisitions International Network (MAIN), a group of middle market focused independent corporate finance firms in 13 countries. MAIN provides the firm with vetted international resources with specific local knowledge. BBC was founded in 1997 in Chicago by Bob Billow and Darrell Butler and has prospered for over two decades based on a commitment to integrity and devotion to driving successful outcomes for our clients.
