May 26, 2005
New Haven, CONNECTICUT – May 26, 2005 – Woodbridge is pleased to announce the recent sale of Pye & Hogan Machine Company located in Old Saybrook, Connecticut to Texas-based Tulcan Private Equity. Pye & Hogan is a leading supplier to the aerospace industry.
Woodbridge acted as mergers and acquisitions (M&A) advisor to Pye & Hogan, and the deal’s closure marks the firm’s 50th successful transaction. Based on its current rate of growth, Woodbridge’s management expects to achieve its 100th completed transaction within three years.
“The most rewarding aspect of this transaction,” said Woodbridge president Robert M. Koenig, “is that before we were engaged, two other national M&A firms tried to sell this company over a period of several years–and failed.”
Woodbridge believed in Pye & Hogan’s future and vigorously marketed the company to over 4,000 prospective strategic and financial buyers.
“Components of our marketing machine include mailing to thousands of buyers we identify as possible acquirers, diligent telephone follow-up to each one, and highly polished presentation materials we develop for each client,” said Bob F. Murphy, managing director at Woodbridge.
“The video we produce gives buyers a virtual tour of the client-company and distinguishes it from all the other businesses on the market. Pye & Hogan now streams the video we developed to sell the company from its website for its own marketing purposes,” said Murphy. He attributes Woodbridge’s success at obtaining the highest price possible for the owners to the firm’s unique marketing process.
Woodbridge, LLC., an innovative M&A firm, was established in 1993 and provides a full range of divestiture and acquisition services to middle market companies.