10
PHC Professionals With Ownership Opportunities
$7M
Invested Globally to Expand Operations
New Facilities
Consolidations and Expansion in US Facilities and Efficiency Gains and Margin Improvement
Founders Looking To Move To The Next Level
Founder Seeking a New Partner to Purchase Outside Investor Interest
Background
PHC is a premier global manufacturer of highly engineered, custom hydraulic cylinders. At the time of the transaction in 2014, Chris Barclay, the CEO of the Company, had been in a partnership with outside investors that helped him acquire the business from a public company. Chris was seeking a new partner to purchase the outside investors interests, structure a transaction whereby he could expand his ownership and support the future growth of the business.
Solution
ORG and its affiliates (ORG) led a refinancing to purchase the existing financial partner’s interests and increase Chris’ ownership in the business.
Key Initiatives
Provided significant ownership to key management
Consolidated two nearby facilities
Expanded annual capital expenditures to improve efficiency and product offerings
Added an industry veteran to the Board of Directors
ORG Involvement
In partnership with ORG, the Company sought to expand its capabilities globally while diversifying the business by end market and geography. The Company consolidated it’s US operations to enhance its domestic productivity and efficiency. The Company also invested over $7 million to expand its operations in the US, India and UK to meet additional demand and significantly expand and diversify its customer base. The Company also expanded its sales force to capture market share in new end markets and geographies.
