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BGL Announces the Sale of Precision Products Group to Auxo Investment Partners

·3 mins read

CLEVELAND, Oct. 7, 2020 /PRNewswire/ -- Brown Gibbons Lang & Company (BGL) is pleased to announce the sale of Precision Products Group, Inc. (PPG), a portfolio company of Long Point Capital and Greyrock Capital Group, to Auxo Investment Partners (Auxo). BGL served as the exclusive financial advisor to PPG in the transaction; the specific terms of the transaction were not disclosed.

Brown Gibbons Lang & Company (BGL) is pleased to announce the sale of Precision Products Group, Inc. (PPG), a portfolio company of Long Point Capital and Greyrock Capital Group, to Auxo Investment Partners (Auxo). BGL served as the exclusive financial advisor to PPG in the transaction; the specific terms of the transaction were not disclosed.
Brown Gibbons Lang & Company (BGL) is pleased to announce the sale of Precision Products Group, Inc. (PPG), a portfolio company of Long Point Capital and Greyrock Capital Group, to Auxo Investment Partners (Auxo). BGL served as the exclusive financial advisor to PPG in the transaction; the specific terms of the transaction were not disclosed.

"The BGL team was committed to driving the process at every stage of the transaction."

BGL's Real Estate Advisors Group simultaneously executed a sale-leaseback of PPG's owned real estate, demonstrating BGL's comprehensive approach to maximizing value for shareholders.

PPG, with operations in the U.S and China, is the parent company of Paramount (Paramount) and Euclid Medical Products (Euclid). Paramount serves a broad spectrum of industrial, defense, consumer, and healthcare end markets. Paramount manufactures mission-critical, small diameter spiral-wound and extruded tubular products known for providing highly customized, tight tolerance solutions. Applications include components for electric motors, single-dosage medications, pharmaceutical packaging, eco-friendly consumer packaging, and military ordinances. Euclid designs, engineers and manufactures highly engineered automated single-dose and multi-dose pharmaceutical packing systems driven by proprietary software for use in hospitals, retail pharmacies, and long-term care facilities. Euclid also converts medical grade films into consumable unit-dose pharmaceutical packaging.

"BGL's team demonstrated a thorough understanding of both the industrial and healthcare-related aspects of our business," said David Hooe, President and CEO of Precision Products Group. "The BGL team was committed to driving the process at every stage of the transaction and identified a partner that shares the vision of the management team and will support our growth strategy."

BGL Managing Director Andrew K. Petryk, said, "BGL leveraged our knowledge of the served end markets — engineered materials and converting, and highly engineered equipment — to develop a compelling investment thesis that resonated with buyers. Both Paramount and Euclid are market leaders with exceptional growth opportunities that will be enhanced by this new partnership."

About Brown Gibbons Lang & Company
Brown Gibbons Lang & Company (BGL) is a leading independent investment bank and financial advisory firm focused on the global middle market. The firm advises private and public corporations and private equity groups on mergers and acquisitions, capital markets, financial restructurings, valuations and opinions, and other strategic matters. BGL has investment banking offices in Chicago, Cleveland, and Philadelphia, and real estate offices in Chicago, Cleveland, Denver, and San Antonio. The firm is also a founding member of Global M&A Partners, enabling BGL to service clients in more than 30 countries around the world. Securities transactions are conducted through Brown, Gibbons, Lang & Company Securities, Inc., an affiliate of Brown Gibbons Lang & Company LLC and a registered broker-dealer and member of FINRA and SIPC. For more information, please visit www.bglco.com.

(PRNewsfoto/Brown Gibbons Lang & Company)
(PRNewsfoto/Brown Gibbons Lang & Company)
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