PPC Advises SNC Manufacturing Co. on Sale Transaction

Promontory Point Capital is excited to announce another one of our firm’s recent client successes.

SNC Manufacturing Co., Inc. (“SNC”) is a globally recognized designer and manufacturer of electrical transformers. Known as the “transformer specialist”, the Company serves blue-chip customers in the defense, industrial automation, alternative power generation, and energy sectors, including electric utilities and renewable energy markets. Established in 1946 and based in Oshkosh, Wisconsin, SNC is a family-owned enterprise with manufacturing locations in the United States, Mexico, and China.

As SNC’s second-generation family ownership and leadership contemplated their ownership liquidity and transition goals, the decision was made to retain Promontory Point Capital to explore strategic alternatives for the business. PPC’s engagement began with preparing the business for sale, which included the preparation of a comprehensive Memorandum and conducting extensive research to identify potential acquirers that would be attracted to SNC’s internally designed product portfolio, global manufacturing and supply chain capabilities, worldwide distribution, and committed executive leadership team.

After completing a confidential outreach effort and receiving Letters of Intent from multiple bidders, PPC recommended moving forward with an offer proposed by Allient, Inc. (Nasdaq: ALNT). PPC assisted SNC in negotiating a Letter of Intent, managed the entire due diligence process, and assisted in closing the transaction during Q1 2024. This transaction involving SNC Manufacturing Co. represents another successful Done Deal for our firm. Read Press Release