CHICAGO, Feb. 5, 2016 /PRNewswire/ -- The Chicago office of Corporate Finance Associates ("CFA"), a leading mergers and acquisitions advisor for privately-held, middle-market businesses is pleased to announce it was the exclusive advisor to G.L. Huyett in its acquisition of Precision Specialties, LLC.
Based in Minneapolis, Kansas, G.L. Huyett is a Master Distributor and importer of industrial fasteners and other industrial products.
Precision Specialties, headquartered in Collierville, Tennessee, is a distributor of industrial and specialty fasteners for automotive, electrical, industrial, and safety industries.
The Chicago office of CFA acted as the sole M&A advisor to G.L. Huyett. The deal was led by Anthony Contaldo, Managing Director of CFA's Chicago office.
G.L. Huyett's CEO, Tim O'Keeffe, stated, "This acquisition complements G.L. Huyett's strategy to grow our business exponentially through the addition of a broader customer base, an increased number of product lines and suppliers, and an extended footprint with a larger talent pool."
"We feel this is a great opportunity to grow our operations as Precision Specialties' proximity to Memphis, Tennessee, provided greater accessibility to Northeast and Southern regions of the U.S," added O'Keeffe. "Precision Specialties is a good fit for G.L. Huyett as the company shares our commitment to excellence through superior quality and customer service while demonstrating strong values and integrity. CFA was a valued and trusted partner in this process and we are looking to add additional firms to our portfolio with their assistance moving forward."
"It was important for me to transition Precision Specialties to a well-qualified buyer who could provide continued opportunity for the employees," said Roger Szafranski, President of Precision Specialties. "G.L. Huyett shared my vision and had the resources to grow the company for the long-term. The talented team at CFA Chicago has experience in the fastener space and were instrumental in navigating the process to a successful completion."
About Corporate Finance Associates
Corporate Finance Associates is one of the largest and most experienced middle-market M&A Advisory and investment banking firms in the nation. CFA has offices across the United States, Canada, India and partner offices in Brazil, China and Europe.
SOURCE Corporate Finance Associates Chicago