EO Advises Pyromation on its Sale to TASI Group
EO Advisors, LLC (“EO”) is pleased to announce that it served as exclusive financial advisor to Pyromation, Inc. (“Pyromation” or the “Company”), in its recently completed sale to the TASI Group (“TASI”).
Pyromation, headquartered in Fort Wayne, Indiana, is a global leader in the manufacturing of highly-engineered industrial technology solutions that monitor conditions in process flow environments. The Company’s products provide mission critical temperature monitoring solutions, while serving as the key collection point of data and information used to optimize production and operations across a range of industrial applications. Pyromation’s products are all proprietary and highly customized and include a diverse mix of temperature sensors, such as RTD’s, thermocouples, bi-metal, and multi-point sensors, as well as corresponding transmitters and related parts and accessories.
The EO team understood the unique position Pyromation held in the market as well as it’s global brand recognition, which allowed EO to engage a highly strategic buyer pool that included significant exposure to international buyers. “We spent several months working with the management team to understood unique attributes of the business and use this knowledge to position the Company in a way that captured the attention of a wide range of buyers” said EO Partner Brian Mihelic, while adding “The insights and knowledge gained through engaging leaders within the industrial controls market on a global basis allowed us to continuously refine our strategic messaging and create a highly sought after asset.”
“Going into the marketing and selling process, I knew Pyromation was an operationally excellent business with a strong senior leadership team; a broad portfolio of globally accepted temperature measurement products for virtually every manufacturing sector and a high functioning, experienced process and product development staff. I was confident that these strengths would be attractive to potential buyers.”, stated owner Pete Wilson.
Continued Pete, “What I learned during the process was how a skilled and experienced investment banking team, and in particular EO Advisors, would discover and tell the story of our untapped potential. They would connect us with a broad array of interested buyers who valued that potential. This skill set, coupled with their superb analytical and negotiating abilities, made what was expected to be a good deal into a great one. Perhaps their greatest strength was to quickly and solidly form relationships of trust, competency and respect with Pyromation senior management, Pyromation ownership and potential buyers along with the potential buyers’ legal and accounting teams.”
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.