Nolan & Associates is pleased to announce that it exclusively advised Carstin Brands, Inc. in its sale to Pulte Capital Partners

Decatur, IL (Aug. 1, 2011) – Nolan & Associates is pleased to announce that it recently advised Carstin Brands, Inc. (Carstin) in its sale to Pulte Capital Partners.

Our Client: Carstin Brands

  • Carstin Brands, Inc., based in Arthur, IL, is a supplier of high-end marble, quartz and granite countertops and complementing products for kitchen and bath that has been serving the Illinois, Indiana, Wisconsin, Iowa, Missouri, Kentucky, Tennessee, and Michigan areas for 22 years.
  • Founded in 1988, Carstin is focused on delivering products and services to its customers on time and complete within two weeks, with a strong emphasis on quality and meeting or exceeding customer expectations.
  • The employees of Carstin have interactions with its entire supply chain, from the original supplier to the end consumer.

Objectives of Carstin Brands

  • The owner of Carstin engaged Nolan as he was seeking options for transitioning his business into the future.
  • At time of sale, Carstin was the largest maker of countertops in the Midwest.

Solution: Sale to Pulte Capital Partners

  • Nolan marketed Carstin’s unique capabilities and valued reputation in the manufacturing world to numerous excellent prospects.
  • Carstin presented the opportunity for a buyer to acquire the premier firm in its regional market with an existing portfolio of strong brands.
  • In addition, Carstin presented the opportunity to own and utilize a state-of-the-art manufacturing facility with significant capacity as a platform for industry roll-up.
  • Out of the many potential acquirers, Carstin chose to partner with Pulte Capital Partners. Pulte is a strategic investment firm focused exclusively on investing in leading building products businesses.

Sell Side Process Results

  • Pulte presented both a financially attractive offer and the capabilities needed to advance Carstin’s sales and operations.
  • The Nolan process created a sense of scarcity, competition and momentum, which convinced the potential buyer pool to put their best foot forward, which delivered the maximum valuation the market had to offer Carstin.

About Nolan & Associates

Nolan & Associates is a boutique investment banking firm providing Mergers & Acquisitions and Capital Raise advisory services to middle market business owners and buyers.  Founded in 1976, Nolan is broadly recognized as a leading investment banking firm with Midwestern roots and global reach.  The Nolan team has completed hundreds of transactions in the middle market while working collaboratively from its offices in St. Louis, MO and Decatur, IL.

Securities offered through Middle Market Transactions, Inc.  Member: FINRA/SIPC.

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