Gemini Investors and Socius Capital have sponsored a recapitalization of Wazee Electric Inc., a provider of of products and services for industrial motors and cranes in the Rocky Mountain region. CapitalValue advised Wazee on the deal.
CapitalValue, an Englewood, Colo.-based boutique investment bank, announced today the recapitalization of Wazee Electric, Inc. CapitalValue served as the exclusive advisor to Wazee in a generational transfer financed by private equity firms Gemini Investors and Socius Capital.
Wazee, founded in Denver in 1921, distributes products and provides services for industrial motors and cranes, and operates throughout the Rocky Mountain region. The company, through its three divisions (Crane, Motor Repair and Wind), has developed a broad customer base in a diverse range of industries.
“The level of service and knowledge that CapitalValue was able to provide made the overall transaction a success,” said Wazee Electric owner Curt Armstrong. “It was important to me to make sure that my son, Trevor (Armstrong), and his new financing partner was as focused on the employees, our customers, and our continued success as I was. CapitalValue made that happen through their process.”
Gemini Investors is a Massachusetts-based private equity firm. Socius Capital is a private equity firm with operations in Colorado and California.
“We are excited about the growth prospects of our investment in Wazee,” said Matt Keis, managing director of Gemini Investors. “The company’s balance between its crane, motor, and the emerging wind division, coupled with Trevor’s leadership driving the company’s growth over the last few years makes Wazee an ideal fit for Gemini and Socius.”
David Tolson, a CapitalValue managing director said, “Wazee has a long tradition of business success in the Rocky Mountain region and is a company with a great reputation. Because of its strong customer base, strong employee base and stellar business fundamentals, we were able to guide Wazee through a smooth transactional process and position the company for outstanding future growth potential.”
CapitalValue is a boutique investment bank providing business valuation, financial advisory, mergers and acquisitions, and private capital raising services. Based in Englewood, Colo., the company takes a value-based approach to mergers and acquisitions, and exit options for privately held businesses. They provide clients with the experience, creativity and integrity needed to successfully execute a transition and offer the highest levels of service to ensure that day-to-day business operations continue without interruption. Collectively, CapitalValue’s principals have transactional experience in more than 90 business deals involving companies with revenues from $2 million to $1 billion, with aggregate purchase consideration of $500 million. For more information, visit www.capitalvalue.net or call (720) 733-0400.