PPC Advises Gilman USA on Sale Transaction

Promontory Point Capital is excited to announce another one of our firm's recent client successes.

Gilman USA (“Gilman”) manufactures high-quality, precision-machined CNC spindles, slides, and other components required by mission-critical, tight-tolerance, niche industrial production equipment. From its ISO-Certified operating facility located in Grafton, Wisconsin, Gilman has established a strong industry reputation for its commitment to quality over its more than 70-year history. The Company's highly-engineered components are essential to the industrial equipment used by customers in the aerospace, automotive, food & beverage, and medical device industries. In addition to its niche manufacturing capabilities, Gilman provides spindle and slide repair services for a wide range of OEM brands.

As Gilman's leadership team, which included the Company's three owners, contemplated future goals, ownership was introduced to Promontory Point Capital. PPC's engagement began with first gaining a complete understanding of ownership's objectives, which included achieving shareholder liquidity goals and also identifying a partner to support Gilman's next phase of growth. Promontory prepared a detailed Memorandum describing the business and researched potential acquirers that would be interested in Gilman's unique capabilities and markets of focus. After executing a confidential outreach process and securing competing bids from interested parties, PPC helped negotiate a Letter of Intent with Madison Lake Capital, a private investment firm. PPC assisted Gilman in closing this sale transaction during the third quarter of 2024 representing another successful Done Deal for our firm.

Promontory Point Capital is a Milwaukee-based investment banking firm focused on the needs of Midwestern privately-held businesses. Since being formed in 2004, our firm has led over 175 client engagements including the evaluation of business sale and recapitalization options, the arrangement of debt and equity financing, and the planning and execution of growth strategies involving acquisitions, mergers, and joint ventures. Many inquiries to Promontory Point Capital include business objectives encompassing:

Ownership Planning, including Transition & Liquidity Goals: PPC is frequently introduced to business owners and/or senior management teams when shareholders are interested in learning about their options involving a potential sale of all or a portion of a business. We have arranged numerous transactions involving strategic partners, private equity firms, ESOPs, management buyouts, and other types of shareholder “recaps” including both minority and majority recapitalizations.

Financing, Refinancing, & Debt Restructuring: PPC is oftentimes referred into situations where a business encounters a funding need that is beyond the comfort zone of a company's existing senior bank lender. PPC has arranged numerous transactions for companies involving senior bank debt, non-bank debt, subordinated debt, sale-leaseback financing, and other forms of institutional funding to support growth, acquisitions, shareholder redemptions, management buyouts, and other corporate initiatives.

Strategic Growth/M&A: Companies that have an interest in growing and expanding via acquisition or strategic joint venture are regularly referred to PPC given our firm's extensive corporate development experience.

We welcome your confidential inquiry and encourage you to visit our firm's website at www.promontorypointcapital.com for more information on our organization's capabilities and numerous other client successes.