Sage Capital LLC has made an investment in Troy, Michigan-based Check Corp, a maker of flexible heating elements, control systems, and related components. No financial terms were disclosed. Angle Advisors advised Sage Capital on the deal.
Birmingham, Michigan – August 27, 2018 – Angle Advisors is pleased to announce that Sage Capital LLC (“Sage Capital”) has invested in Check Corporation (“Check” or the “Company”), in partnership with management. Angle Advisors acted as the exclusive investment banking advisor to Check in completing this transaction.
Based in Troy, MI, Check is a leading manufacturer of flexible heating elements, control systems, and related components serving a variety of industries including healthcare, food service, construction, agriculture, marine, motorcycle, and aviation. The Company’s approximately 60 employees design, prototype and manufacture these components and systems for Check’s diverse customer base and end users. The acquisition includes the Company’s headquarters and manufacturing facility in Troy, MI.
“The partnership of the Check Corporation management team and Sage Capital will bring the combined resources that allow my executive team and me to realize a vision for the organization that will not only strengthen our existing business relationships and allow us to service our markets better but will also allow us to plough new ground in areas that otherwise may have been unattainable,” said Bob Check, President and CEO of Check.
Sage Capital partner Wes Jones said, “We are highly impressed by the business Bob Check and his team have built and the success of the products they have developed for multiple industries.” Added Sage Capital partner John Lemkemeier, “When a management team that has built a strong business chooses to invest with us in their business on equal terms, it creates a great opportunity for our investment group. We look forward to working together with the team in building the Company.”
Founded in 2004, Sage Capital is an investment firm in St. Louis, MO that focuses on long-term investments in partnership with management teams of lower-middle market companies. For more information, please visit www.sagecapitalllc.com.
Angle Advisors, with offices in the United States, Germany, and China, specializes in mergers and acquisitions and capital raising with a particular emphasis on the industrial sector. The firm’s professionals have completed 194 transactions since 2009 for multinational corporations, privately-held companies, private equity funds, and public sector clients. For additional information, please visit www.angleadvisors.com.