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.