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Quick Cable Corporation is a second generation manufacturer and distributor of battery connectors, cable, cable assemblies, and tools that connect energy sources to energy needs. PPC was introduced to the owners of Quick Cable in August of 2011 and soon after was engaged to explore strategic alternatives for the Company. The engagement led by PPC encompassed a full evaluation of ownership transition options which targeted both select strategic parties as well as private equity groups with proven industrial distribution experience. PPC’s engagement approach resulted in generating significant interest in Quick Cable from multiple parties which allowed the shareholders and management team a number of alternatives to consider. Ultimately, a transaction involving Tonka Bay Equity Partners provided the most attractive economics for the selling shareholders and a value-added partner committed to growing Quick Cable with the existing management team. Associated Bank helped finance Tonka Bay's acquisition of the business. Click here for the press release.
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Promontory Point Capital
is a Milwaukee-based investment banking
boutique focused on the needs of Midwestern privately-held businesses. Since 2003, our firm has helped dozens of companies explore financial and strategic alternatives for their business including the arrangement of debt and equity financing, the evaluation of business sale or recapitalization options, or the planning and execution of growth strategies involving acquisition, merger, or joint venture. The Quick Cable transaction represents Promontory Point Capital's third successful closing thus far in 2012.
Situations where an introduction to PPC may be appropriate include:
- Business owners and management teams wishing to better understand
their options relative to ownership liquidity strategies or financing alternatives.
- Growth orientated companies requiring financing for expansion.
- Funding needed to finance acquisitions, shareholder redemptions,
or buyouts.
Under-capitalized businesses needing an injection of “junior”
capital beyond bank debt, such as subordinated debt or equity.
Companies over-extended with their current lender or bank group,
including forbearance situations.
We welcome your confidential inquiry and encourage you to visit our website at
www.promcp.com for more information on our firm's capabilities and other client successes.
322 East Michigan Street, Suite 500
Milwaukee, WI 53202
414-225-0484
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