Nolan Advised Mader Machine on Recapitalization with Chartwell Investments

DATE: June 06, 2013

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Who is Our Client?

  • Mader Machine, based in Greater Cleveland, is a leading engineer, designer and manufacturer of industrial dampers.
  • Mader has a rich cultural history and has been family owned and operated since 1976.
  • Mader has an installed base of 6,600+ projects primarily serving the power generation, oil and gas and industrial markets.

Why Did Mader Machine Hire Nolan?

  • The first generation founding shareholders of Mader sought to transition to retirement and achieve a partial liquidity event.
  • Mader’s second generation of leadership had the goal of continuing to operate and grow the business while maintaining an ownership position.
  • Mader sought a partner with similar values that could achieve the goals of all shareholders while strengthening Mader’s competitive position and expanding its reach.

What Value Did Nolan Deliver?

  • Nolan marketed Mader’s manufacturing capabilities, strong record and reputation, experienced management team and installed base of 6,600+ projects to a diverse mix of strategic targets and private equity groups.
  • Included in the list of potential partners was Chartwell Investments, a private equity firm headquartered in New York, with portfolio company experience in the energy equipment business.
  • Chartwell presented both a financially attractive offer and perfect strategic fit that matched the Mader family expectations.
  • The combination of Mader’s experience and values, Chartwell’s strategic resources and synergies through its portfolio company experience, along with their long-term approach have led to the perfect fit for all.

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Nolan & Associates’ commonly owned affiliate, Middle Market Transactions, Inc. (MMTI), is but one of a very few FINRA licensed broker dealers serving business owners in the middle market.

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