Sale to an affiliate of Clyde Process Solutions plc (LSE:CPSP)
Manufacturing - Machinery and Capital Equipment
MAC Equipment, Inc. was sold to an affiliate of Clyde Process Solutions plc, a publicly-traded manufacturer of material handling equipment headquartered in the United Kingdom. MAC Equipment, Inc. is a leading designer and manufacturer of pneumatic conveying equipment and
industrial air filtration systems for customers in process-based manufacturing environments such as the food, chemicals, building products and plastics industries.
"George K. Baum identified and contacted the best potential acquirors for MAC from the U.S. and around the world. After communicating the MAC story in a way that attracted multiple bidders, the team negotiated a transaction with Clyde Process Solutions that contained no
financing contingencies and had an expedited timeline to closing. As a result of GKB's efforts, we were able to quickly close a transaction with Clyde that achieved all of the shareholders' objectives and exceeded our valuation expectations."
Chairman and Chief Executive Officer MAC Equipment, Inc.