Promontory Point Capital
Promontory Point Capital is pleased to announce our most recent client success with Pieper Electric, Inc.
  
Since 1947, Pieper Electric, Inc. has been a leading Midwest electrical contractor providing high-quality, technically advanced building, equipment, and electrical construction services.   Promontory Point Capital was engaged by Pieper to explore growth and acquisition alternatives for the Company's Automation and Controls Group which incorporates application development, design, programming, control panel fabrication, quality assurance, and customer training into a complete client solution for a variety of industries including waste and water treatment, mining, heavy industry manufacturing, food and beverage, pharmaceutical, correctional institutions, and data acquisition.
 
PPC advised Pieper with the development of a specific investment thesis focused on long-term growth that led to the strategic acquisition of an automation and controls business.  After establishing the target acquisition criteria, PPC designed an approach to identify acquisition candidates aligned with Pieper's strategic objectives which ultimately resulted in the Company acquiring HiTech Enterprises of Green Bay, Wisconsin.  The acquisition of HiTech achieved a variety of objectives for Pieper including the addition of new capabilities and services, customers and industry segments, and engineering talent. 
 
In addition to the investment thesis development and search activities, PPC directed the entire acquisition process, including the negotiation of economic terms and conditions of the transaction as well as management of all due diligence activities, which culminated in the closing of the transaction in June of 2016.
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 100 client engagements including the arrangement of debt and equity financing, the evaluation of business sale and recapitalization options, and the planning and execution of growth strategies involving acquisitions, mergers, and joint ventures. 

Situations where Promontory Point Capital has been helpful include:
  • Business owners and management teams wishing to better understand their options for exploring a full or partial sale of their business, a shareholder recapitalization, or the acquisition of another entity. 
     
  • Financing needs encompassing bank and non-bank financing, subordinated debt, and/or equity capital ranging from $5MM to $100MM to fund activities such as internal growth, expansion, shareholder redemptions, some level of senior debt repayment, and/or acquisitions. 
     
  • Companies facing operational challenges or those that are financially over-extended, where our firm's profit improvement skills and sources of non-bank financing can both stabilize and better capitalize our client's business.
 
We welcome your confidential inquiry and encourage you to visit our website at www.promontorypointcapital.com for more information on our firm's capabilities and numerous other client successes.
Chris Riegg
Partner
Bill Penkwitz
Partner
Steve Mayer
Partner
Thomas Gregg, Jr.
Associate
Mike Burmesch
Associate
[email protected]