Minimizer LLC, which is backed by Capital Partners, has acquired Oregon-based Premier Manufacturing, a maker of specialized, safety-critical couplings and components for heavy duty commercial transport and industrial applications. No financial terms were disclosed. D.A. Davidson & Co was financial adviser to Premier Manufacturing on the deal.
COSTA MESA, Calif., – Jan. 22, 2020 – D.A. Davidson & Co. announced today that it served as exclusive financial advisor to privately-held Premier Equipment, Inc. (d.b.a. Premier Manufacturing Company) in its sale to Minimizer, LLC, a portfolio company of Capital Partners of Norwalk, Conn.
Premier Manufacturing is a leading manufacturer of specialized, safety-critical couplings and components for heavy duty commercial transport and industrial applications, and is a world leader in pintle hook-style couplings. The Company designs and manufactures a broad range of couplings, drawbar eyes, hinge assemblies, front end housings, jacks, and related aftermarket parts, kits, and accessories. Premier was founded in 1924 and is headquartered in Tualatin, Oregon.
“We are extremely pleased with the results that D.A. Davidson delivered for us on this transaction, and we look forward to an exciting new partnership with Minimizer and Capital Partners,” said Paul Grycko, former owner and CEO of Premier Manufacturing. “The Davidson team ran an efficient, global process that resulted in numerous interesting options. The partnership with Minimizer will allow both companies to provide a broader set of products to our customers, build on Premier’s strong foundation, and ultimately position Premier for its next phase of growth.”
Paul Weisbrich, Managing Director at D.A. Davidson, said, “We are excited to announce the combination of Premier and Minimizer as well as another successful transaction for our Diversified Industrials group. Paul Grycko and the Premier team have built an exceptionally successful business. We are honored to have advised Premier through the sale process. We look forward to following the bright future for Premier and Minimizer.”
This transaction highlights the ongoing success of D.A. Davidson’s Diversified Industrials practice, which has closed 12 transactions since January 2019, and demonstrates the firm’s position as a leading advisor in the sector.
D.A. Davidson’s & Co.’s investment banking division is a leading full-service investment bank that offers comprehensive financial advisory and capital markets expertise. The group has extensive transaction experience serving middle market clients worldwide across five industry verticals: consumer, diversified industrials, financial institutions, real estate and technology.
Together with its European strategic partner, MCF Corporate Finance, D.A. Davidson originates and executes transatlantic M&A transactions under the common brand of D.A. Davidson MCF International.
About D.A. Davidson Companies
D.A. Davidson Companies is an employee-owned financial services firm offering a range of financial services and advice to individuals, corporations, institutions and municipalities nationwide. Founded in 1935 and headquartered in Montana, with corporate offices in Denver, Los Angeles, Portland and Seattle, the company has approximately 1,400 employees and offices in 26 states.
Subsidiaries include: D.A. Davidson & Co., the largest full-service investment firm headquartered in the Northwest, providing wealth management, investment banking, equity and fixed income capital markets services and advice; Davidson Investment Advisors, a professional asset management firm; D.A. Davidson Trust Company, a trust and wealth management company; and Davidson Fixed Income Management, a registered investment adviser providing fixed income portfolio and advisory services.
For more information, visit www.dadavidson.com.