Since 2007, Promontory Point Capital has enjoyed a successful relationship with J.B. Kenehan starting with our first engagement where we assisted Tom Majdoch in completing a shareholder buyout. Subsequent to this initial buyout, PPC continued to serve as the Company’s advisor in completing several growth and acquisition initiatives. After integrating these acquisitions and experiencing additional growth, Mr. Majdoch engaged PPC to find the right buyer for his organization.
As the 6th largest commercial printer in Wisconsin, it was important to Tom to identify a buyer that would not only understand the value of his organization, but also the importance of JBK’s 180 employees. After PPC completed a targeted marketing process to assess the preliminary interest of various financial and strategic parties, The Mittera Group was determined as the best fit with Tom’s ownership transition objectives. As JBK’s exclusive financial advisor, PPC managed the entire engagement process including the creation of an online deal room, audience research & selection, the negotiation of critical documentation, management of due diligence, and assisting in finalizing closing documentation. J.B. Kenehan successfully closed on the sale of their business in October, 2014.