M&A Experience  

Graycliff Partners, LP
Worked on several deals.

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Xaloy (2020):

  • Carved out from Nordson Corporation

  • Advised PE on several aspects including valuation, IT, market study, customer survey
     

Signature Systems (2019):

  • Sale of company

    • Interviewed 6 Bankers; Chose Moelis & Co​

    • interviewed 3 accounting firms; Chose GT for Q of E

    • Commissioned a market study with LEK

    • Developed CIM

    • Met with potential bidders over 3 rounds

    • Was personally engaged in negotiations

    • Closed the deal with a Sponsor to Sponsor sale

    • Record industry comps: 8.2x TTM EBITDA

  • Divested two divisions; Ran the process myself, negotiating deals directly with buyers

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Horsburgh & Scott (2014-2017):

  • As CEO, played a key role in financially restructuring the company twice

  • Assessed 5 deals ($5M to $80M)

    • Chose not to proceed on any due to factors ranging from leverage ratios being too high to issues related to key personnel

 

Ametek (2007-2014):

  • TSE ($50M revenue) - Interconnect solutions for the medical device industry

    • Technology and IP assessment

    • Strategy assessment

    • Channel assessment and sales synergies

    • FDA - Engaged and directed consultant performing FDA risk assessment

    • Post-acquisition integration

  • Dunkermotoren ($200M) - Leader in advanced brush and brushless motion control solutions for wide range of industrial automation applications

    • Due diligence core team (1 of 4 members)

    • Post-acquisition integration

  • Haydon Kerk ($80M sales) - Linear actuators and lead screw assemblies for the medical, industrial equipment, aerospace, analytical instrument, computer peripheral and semiconductor industries

    • Technology and IP assessment

    • Strategy assessment

    • Channel assessment and sales synergies

    • Contracts review

    • Post-acquisition integration

 

GE (2004-2007):

  • Due diligence team on Smiths Security (a UK company) - $100M deal

    • Market and strategic assessment

 

Several strategic partnerships

  • Also worked on a range of strategic partnerships for product development and for sales at GE, Keithley, and Quatech

Roles that I Lead in M&A:

  • Talent assessment

  • Valuation

  • Sales channel evaluation

  • Strategy:

    • Competitive Strategies

    • Assessment of growth plans

    • Adjacency mapping

    • Assessment of new markets and technologies

  • Technology assessment​

    • Product benchmarking​

    • Technology roadmaps

  • Operations assessment

  • Brand value