Twenty Years and Counting – 2023 Recap-2024 Preview

2023 Recap / 2024 Preview

We are appreciative of the trust placed in our firm by our clients and numerous trusted business advisors who helped make 2023 another successful year for Promontory Point Capital. Looking ahead to 2024, we are grateful to be celebrating our 20th year in serving as a valued and trusted advisor to a growing number of privately-held, many of which are family-held, businesses.

Since being established in 2004, Promontory Point Capital has successfully led over 150 client engagements involving succession planning, ownership transition and liquidity goals, debt and equity financing initiatives, and strategic growth objectives. PPC’s experienced team continues to provide in-depth investment banking expertise to businesses ranging from $10MM to $100MM (and greater) in annual revenue across a diverse set of industries.

PPC’s activities during 2023 involved client engagements to address a variety of shareholder liquidity and company financing objectives. Despite a changing M&A and financing environment during 2023 (which is continuing into 2024), PPC continues to execute our firm’s “Results Matter” mission for our clients. Several of PPC’s “Done Deals” from 2023 are highlighted below and illustrate a range of client business types, engagement objectives, and transaction outcomes successfully arranged by our firm:

Manufacturer of Precision-Machined Bearings for Industrial Applications
Shareholder Buyout / Recapitalization

Manufacturer of Building Products Sold to Contractors and Consumers
Ownership Transition / Sale to a Strategic Buyer

Designer and Manufacturer of Metal Hinges and Industrial Stampings
New Non-Bank Revolving Credit & Term Loan Financing

Manufacturer of Metal Stampings for Appliance and Automotive Markets
Ownership Transition / Sale to a Financial Buyer

Niche Manufacturer of Coffee and Tea Presses for Consumer Markets
Corporate Divestiture / Sale to a Strategic Buyer

Manufacturer of Circuit Breakers and Specialty Electric Products
Working Capital and Acquisition Financing

As we celebrate our firm’s 20th anniversary, we look back on two decades of success in helping our clients achieve their strategic and financial goals. Many of PPC’s most successful client relationships were first established through an introduction by a company’s lawyer, commercial lender, accountant, or another business or family advisor. Whether ownership or company initiatives are planned for 2024, 2025, or beyond, an introductory conversation with Promontory Point Capital has been an important first step for a substantial number of privately-held and family-owned businesses. Many inquiries to Promontory Point Capital include objectives encompassing:

Ownership Planning, including Transition & Liquidity Goals: PPC is frequently introduced to business owners and/or senior management teams when shareholders are interested in learning about their options involving a potential sale of all or a portion of a business. We have arranged numerous transactions involving strategic partners, private equity firms, ESOPs, management buyouts, and other types of shareholder “recaps” including both minority and majority recapitalizations.

Financing, Refinancing, & Debt Restructuring: PPC is oftentimes referred into situations where a business encounters a funding need that is beyond the comfort zone of a company’s existing senior bank lender. PPC has arranged numerous transactions for companies involving senior bank debt, non-bank debt, subordinated debt, sale-leaseback financing, and other forms of institutional funding to support growth, acquisitions, shareholder redemptions, management buyouts, and other corporate initiatives.

Strategic Growth/M&A: Companies that have an interest in growing and expanding via acquisition or strategic joint venture are regularly referred to PPC given our firm’s extensive corporate development experience.

We look forward to connecting with you early in 2024 and invite you to visit PPC’s website at www.promontorypointcapital.com for additional information on our firm’s advisory services, investment banking capabilities, and numerous client successes.