Goldner Hawn has recapitalized Concept Machine Tool Sales Inc, a machine tool distributor. No financial terms were disclosed for the transaction that was done in partnership with Concept management.
MINNEAPOLIS, Minn. — Goldner Hawn, LP (“Goldner Hawn”) announced today that it has partnered with management to recapitalize Concept Machine Tool Sales, Inc. (“Concept” or the “Company”), a leading value-added distributor and service provider for advanced machining, automation and measuring equipment in the upper Midwest.
Concept provides full-service turn-key manufacturing and automation solutions primarily to the medical, aerospace & defense and industrial end markets. Since the Company’s inception in 1974, its team of highly skilled engineers, technicians and administrative support have been committed to providing the highest level of customer satisfaction to the manufacturing community.
“We are very excited to partner with the Concept management team,” said Joe Heinen, Partner at Goldner Hawn. “The Company’s broad product and service offering, application engineering capabilities, and “solutions-oriented” approach to customer service is unique in the marketplace and provides an excellent base for continued growth in Concept’s current core offerings, as well as adjacent products and services.”
Led by CEO, Craig Conlon, Concept has built a leadership position in the Minnesota and Wisconsin markets. The Company brings together a dedicated and winning combination of machines, application and service expertise, facilities and processes from the time the equipment is ordered, to delivery and installation, followed up by service and support after the sale.
“Goldner Hawn has a track record of partnering with companies, driving growth and long-term value for all employees, customers and suppliers,” added Craig Conlon. “They are committed to providing the capital and resources to execute on our future growth initiatives.”
Concept is actively seeking add-on acquisitions of distributors providing machine tools, tooling and machining consumables, and aftermarket parts and service.
About Concept Machine Tool
Founded in 1974 and headquartered in Plymouth, Minnesota, with a branch location in Delafield, Wisconsin, Concept Machine is a full-service machine tool distributor representing a variety of the world’s finest machine tool manufacturers. The Company is committed to providing consistent customer satisfaction with the highest quality products and service. For more information about Concept Machine Tool, visit www.conceptmachine.com.
About Goldner Hawn
Goldner Hawn was founded in 1989 in Minneapolis, Minnesota and has been a source of private capital to leading lower middle market companies for the past 30 years. With an investment philosophy centered on the principle of partnership, Goldner Hawn is looking to back management teams of businesses with $5 million to $20 million of EBITDA in industries including industrial manufacturing, value-added distribution, consumer products and services, and outsourced business services. Goldner Hawn has made over 40 platform investments in companies with total transaction values approaching $3 billion. For more information, visit www.goldnerhawn.com.