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Promontory Point Capital is pleased to announce our most recent client success with Vendura Industries, Inc.
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Since commencing operations in 1965, Vendura Industries has grown as a specialized designer and manufacturer of custom solid surface countertops and related products used in healthcare facilities and various other commercial markets. The Company's proprietary solid surface product line is composed of materials used in a variety of applications ideally suited for shower bases, shower walls,
vanity tops, countertops, workstations, transaction countertops, and wall coverings, amongst others. Vendura's product line is available in over 70 rich tones and colors and the Company offers custom color creation and matching services.
Promontory Point Capital was introduced to the President of Vendura Industries by his accounting firm given the business owner's goals to transition away from the business. PPC was engaged during May of 2016 to design and execute an ownership transition plan consistent with the owner's objectives which included keeping Vendura as an independent, Madison-Wisconsin based employer. After a full evaluation of various options, a transaction was consummated with the private capital firm of Stuck Investments during October of 2016. The relatively rapid transaction timeframe (of less than 6 months from the beginning of PPC's engagement through the transaction closing date) reinforces the success of Promontory Point Capital's results driven approach for achieving client objectives.
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Promontory Point Capital
is a Milwaukee-based investment banking firm focused on the needs of Midwestern privately-held businesses. Since being formed in 2004, our firm has led over 100 client engagements including the arrangement of debt and equity financing, the evaluation of business sale and recapitalization options, and the planning and execution of growth strategies involving acquisitions, mergers, and joint ventures.
Situations where Promontory Point Capital has been helpful include:
- Business owners and management teams wishing to better understand their options for exploring a full or partial sale of their business, a shareholder recapitalization, or the acquisition of another entity.
- Financing needs encompassing bank and non-bank financing, subordinated debt, and/or equity capital ranging from $5MM to $100MM to fund activities such as internal growth, expansion, shareholder redemptions, some level of senior debt repayment, and/or acquisitions.
- Companies facing operational challenges or those that are financially over-extended, where our firm's profit improvement skills and sources of non-bank financing can both stabilize and better capitalize our client's business.
We welcome your confidential inquiry and encourage you to visit our website at www.promontorypointcapital.com for more information on our firm's capabilities and numerous other client successes.
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Chris Riegg
Partner
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Bill Penkwitz
Partner
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Steve Mayer
Partner
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Thomas Gregg, Jr.
Senior Associate
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Mike Burmesch
Senior Associate
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Andrew Eck
Associate
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