PPC Advises SNC Manufacturing Co. on Sale Transaction

Promontory Point Capital is excited to announce another one of our firm's recent client successes.

S NC Manufacturing Co., Inc. (“SNC”) is a globally recognized designer and manufacturer of electrical transformers. Known as the "transformer specialist", the Company serves blue-chip customers in the defense, industrial automation, alternative power generation, and energy sectors, including electric utilities and renewable energy markets. Established in 1946 and based in Oshkosh, Wisconsin, SNC is a family-owned enterprise with manufacturing locations in the United States, Mexico, and China.

As SNC's second-generation family ownership and leadership contemplated their ownership liquidity and transition goals, the decision was made to retain Promontory Point Capital to explore strategic alternatives for the business. PPC's engagement began with preparing the business for sale, which included the preparation of a comprehensive Memorandum and conducting extensive research to identify potential acquirers that would be attracted to SNC's internally designed product portfolio, global manufacturing and supply chain capabilities, worldwide distribution, and committed executive leadership team.

After completing a confidential outreach effort and receiving Letters of Intent from multiple bidders, PPC recommended moving forward with an offer proposed by Allient, Inc. (Nasdaq: ALNT). PPC assisted SNC in negotiating a Letter of Intent, managed the entire due diligence process, and assisted in closing the transaction during Q1 2024. This transaction involving SNC Manufacturing Co. represents another successful Done Deal for our firm. Read Press Release

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 175 client engagements including the evaluation of business sale and recapitalization options, the arrangement of debt and equity financing, and the planning and execution of growth strategies involving acquisitions, mergers, and joint ventures. Many inquiries to Promontory Point Capital include business objectives encompassing:

Ownership Planning, including Transition & Liquidity Goals: PPC is frequently introduced to business owners and/or senior management teams when shareholders are interested in learning about their options involving a potential sale of all or a portion of a business. We have arranged numerous transactions involving strategic partners, private equity firms, ESOPs, management buyouts, and other types of shareholder “recaps” including both minority and majority recapitalizations.

Financing, Refinancing, & Debt Restructuring: PPC is oftentimes referred into situations where a business encounters a funding need that is beyond the comfort zone of a company's existing senior bank lender. PPC has arranged numerous transactions for companies involving senior bank debt, non-bank debt, subordinated debt, sale-leaseback financing, and other forms of institutional funding to support growth, acquisitions, shareholder redemptions, management buyouts, and other corporate initiatives.

Strategic Growth/M&A: Companies that have an interest in growing and expanding via acquisition or strategic joint venture are regularly referred to PPC given our firm's extensive corporate development experience.

We welcome your confidential inquiry and encourage you to visit our firm's website at www.promontorypointcapital.com for more information on our organization's capabilities and numerous other client successes.