30 May Amherst Advises Exotic Automation & Supply on Acquisition of Sidener Engineering
Amherst Partners, LLC (“Amherst”) is pleased to announce that Exotic Automation & Supply (“Exotic Automation” or the “Company”) has successfully acquired Sidener Engineering (“Sidener”). Amherst Partners acted as exclusive financial advisor to Exotic Automation in connection with the transaction.
About Exotic Automation & Supply
Exotic Automation & Supply, headquartered in Farmington Hills, Michigan, is a leading supplier of fluid power products, and maintains full service distribution centers throughout Michigan. Founded in 1981, the Company has grown to become one of the largest Parker Hannifin distributors in the country.
About Sidener Engineering
Noblesville, Indianabased Sidener Engineering was founded in 1981. A fullline distributor for fluid power, pneumatic, and engineered safety products, it also specializes in unique safety products for the foundry industry. Sidener has service centers located throughout Indiana, as well as in Louisville, Kentucky.
About The Engagement
Exotic Automation’s management engaged Amherst to assist in the evaluation of Sidener Engineering as an acquisition target in a transaction that ultimately joined two wellestablished, reputable leading fluid power suppliers and positioned the combined companies for fasttrack growth in the fluid power, hydraulic, pneumatic, safety, and automation markets. Amherst’s deep industry expertise and substantial buyside experience e allowed the team to engage in an efficient, timely review of the target’s financial and operational information and, in particular, supported the analysis of the deal economics and structure. Lippitt O’Keefe Gornbein, PLLC provided legal counsel to Exotic Automation.
About Amherst Partners
With a track record that spans over 20 years, Amherst Partners is one of the Midwest’s most reputable boutique restructuring advisory and investment banking firms. Among its core services, Amherst provides middlemarket companies with significant financial advisory expertise for corporate restructurings, business divestitures, acquisitions and corporate finance transactions. Our professionals share a commitment to developing a “trusted advisor” relationship with our clients and referral partners, and have amassed an extraordinary track record of success in our restructuring, merger & acquisition advisory and capital raising practices.