GREENWOOD VILLAGE, Colo., June 23, 2015 /PRNewswire/ -- The Forbes M+A Group (www.forbesma.com), a leading transaction advisory firm, today announced the successful acquisition of its client, New Tech Machinery by Mazzella Companies, one of the largest group of companies in the manufacture and distribution of lifting equipment and architectural metal roofing materials. The Forbes M+A Group served as the exclusive financial counsel to New Tech Machinery for the transaction.
"New Tech Machinery is a worldwide brand leader and regarded as one of the premier machine producers in the metal construction industry," said Bob Forbes, president of The Forbes M+A Group. "Its solid reputation, customer-focus and high-quality products made it a remarkable and exciting business opportunity. As part of Mazzella's diverse portfolio, New Tech Machinery will be able to expand its reach even further. It is a solid combination and an exciting time for both companies."
New Tech Machinery is based in Denver, CO with manufacturing facilities in Hermosillo, Mexico. The family-owned business has been manufacturing portable rollforming equipment for the past 24 years and has customers in more than 40 countries. The company engaged The Forbes M+A Group a year ago to assist in developing both a growth strategy and an exit plan. "When it came time to explore transaction opportunities, we wanted advice and direction from a team with experience navigating the complex transaction process within our industry. Fortunately, we found The Forbes M+A Group," said Roger Geer, chief operating officer of New Tech Machinery. "They were instrumental in helping us through the entire process. With their assistance, we successfully closed a deal that was in the best interest of all parties."
Mazzella Companies acquired New Tech Machinery to add to its already diverse product offerings, which include a full range of rigging products, the manufacturing and servicing of overhead cranes, and engineered overhead lifting devices. "The acquisition of New Tech Manufacturing will enhance Mazzella Companies' international manufacturing capabilities and help solidify our leadership in the architectural metal roof and wall industries," said Tony Mazzella, chief operating officer of Mazzella Companies.
About The Forbes M+A Group
The Forbes M+A Group is an award-winning Denver, CO-based mergers and acquisitions advisory firm. The firm serves sellers or buyers in middle-market M&A transactions. It applies meticulous attention to detail in helping business owners develop and execute M&A strategy, acquire companies and partner with investor groups for growth, and maximize value in an eventual exit. Senior advisors at The Forbes M+A Group have more than 150 years of combined experience in transactions across a wide variety of industries. For more information on the company, please visit: www.forbesma.com or phone 303-770-6017.
Media Contact: Lisa Holmes +1 (303) 770-6017, [email protected]
SOURCE The Forbes M+A Group