Gamber-Johnson LLC of Stevens Point, Wisconsin has merged with Precision Mounting Technologies Ltd (PMT) of Calgary. Both companies are makers of rugged computer mounting systems that secure electronics, such as tablets, radios, cameras and laptops, in professional vehicles and other commercial settings. Brian Wagner will serve as president and CEO of both businesses. The merger deal was backed by an undisclosed investment from Main Street Capital Corp, a U.S. debt and private equity firm. Main Street invested in Gambler-Johnson last year. Founded in 1985, PMT will continue to have its headquarters in Calgary.
Gamber-Johnson and Precision Mounting Technologies Announce Merger
STEVENS POINT, Wis., Jan. 16, 2017 /PRNewswire/ — The management teams of Gamber-Johnson LLC of Stevens Point, Wisconsin, USA and Precision Mounting Technologies Ltd. (PMT) of Calgary, Alberta, Canada proudly announced today the merger of their companies. Gamber-Johnson and the combined company resulting from the merger are supported by investment from Main Street Capital Corporation.
Gamber-Johnson and PMT are leading manufacturers of rugged computer mounting systems that safely secure and stabilize electronics such as tablets, radios, cameras and laptops in professional vehicles and other commercial settings. Both companies serve major global fleets in law enforcement, public safety, telecommunications, utility, and the military. Over their respective histories, Gamber-Johnson and PMT have developed strong brands and a reputation for high quality, reliable products.
“This combination of PMT, the market leader in Canada, with Gamber-Johnson, a global market leader, will provide our customers with an even better go-to partner,” said Brian Wagner, President and CEO. “We expect to be able to leverage the best practices of both companies to continue to build on our exceptional products and service. Both companies are very excited about the future prospects resulting from the merger!”
Brian Wagner will serve as President and CEO of both companies, Tyler Oakley will remain PMT’s Director of Sales, and Reuben Powell will remain PMT’s Director of Support and Operations. PMT’s headquarters and operations will remain in Calgary and Gamber-Johnson’s headquarters and operations will remain in Stevens Point, Wisconsin. Points of contact for sales, customer service, engineering, and quality will remain at each company’s main location. Both companies’ product lines, which customers have come to rely on, will be continued.
ABOUT MAIN STREET CAPITAL CORPORATION
Main Street (www.mainstcapital.com) is a principal investment firm that provides long-term debt and equity capital to lower middle market companies and debt capital to middle market companies. Main Street’s portfolio investments are typically made to support management buyouts, recapitalizations, growth financings, refinancings and acquisitions of companies that operate in diverse industry sectors. Main Street seeks to partner with entrepreneurs, business owners and management teams and generally provides “one stop” financing alternatives within its lower middle market portfolio. Main Street’s lower middle market companies generally have annual revenues between $10 million and $150 million. Main Street’s middle market debt investments are made in businesses that are generally larger in size than its lower middle market portfolio companies.
President and CEO of Gamber-Johnson LLC and Precision Mounting Technologies Ltd.
Photo courtesy of Precision Mounting Technologies Ltd