EO Advises Micromatic on its Sale to MITAR Private Capital
EO Advisors, LLC (“EO”) is pleased to announce that it served as exclusive financial advisor to Micromatic LLC (“Micromatic”), in its recently completed sale to MITAR Private Capital (“MPC”).
Micromatic, headquartered in Berne, Indiana, is a leading manufacturer of motion control products, including world-class actuators and precision automation systems that help customers address key automation needs. Operating in a state-of-the-art, vertically integrated facility, Micromatic’s deep expertise in design, engineering, and manufacturing of highly custom products has positioned the company as a leader in the market. The acquisition by MITAR will allow the company access to greater resources to pursue new growth opportunities, while allowing existing management to continue to execute their growth strategies.
“We believe MITAR is not only the best partner to support the ongoing financial needs of a growing business, but culturally is a perfect match for our employees” said co-owner Burt McGillivray “Finding the right partner who understood the unique aspects and future opportunities of the business was a key factor in selecting MITAR”, added co-owner Phil Sauder.
Phil continued, “EO Advisors produced a result for us that we did not think was possible. Moreover, they anticipated every challenge along the way, which allowed us to strategically maneuver around every turn, we can’t thank them enough for the results they produced.”
“Micromatic presented a unique asset in the market given its diverse capabilities, which enabled us substantial leverage in developing a strategy for engaging potential buyers” said EO Partner, Brian Mihelic, who added “The broader insights and perspectives gained in engaging leaders in motion control and automation allowed us to adapt our strategy as the process evolved, which facilitated a great outcome for our client.”
Micromatic was co-led by Partners Brian Mihelic and Ed Murtha, and supported by Doug Conner, Partner, and Michael Volovic, Vice President.
About EO Advisors
EO Advisors is a boutique investment banking firm specializing in mergers and acquisitions, capital raising, and strategic advisory assignments for middle-market and emerging growth companies.
EO Advisors was established in 2021 to deliver the sophistication and perspective of a full-service investment bank to traditionally underserved clients. Our connected and experienced advisors uncover unique business stories, inform strategic direction, and maximize shareholder value by positioning our clients in a creative and defensible manner, making EO Advisors the trusted partner for discerning owners and entrepreneurs. For more information, please visit: www.eoadv.com.