Exit Strategies Group Advises California Caster in Strategic Sale
California Caster, a respected and long-established industrial hardware design and distribution company located in Oakland, CA, was recently acquired by OneMonroe, an international industrial hardware manufacturing and distribution company. Exit Strategies Group, Inc. advised the seller in the transaction. Terms of the transaction are confidential.
California Caster was founded in San Francisco more than 70 years ago. Company services include the design and distribution of casters, hand trucks and other industrial hardware solutions. Customers are located all over the world and include many of the world’s largest enterprises. Greg Williams, the owner of the Company since 2010, was looking to spend more time with his family and to reduce his workload as he owns several businesses.
“Exit Strategies Group guided us through a process that was new to us and positioned us to achieve a very successful transaction,” stated Greg Williams, owner of California Caster. “We absolutely could not have achieved the same results without their steady support and expert counsel.”
California Caster was advised by an Exit Strategies Group team led by Al Statz and Mark Harter. Michael Dalton of Donahue Fitzgerald LLP provided legal counsel and Paul Batrude of Batrude and Jones CPAs tax advice.
This transaction illustrates Exit Strategies Group’s expertise in lower middle market transactions and continued commitment to providing strategic valuation and M&A advisory services to North American industrial design, technology, distribution and service companies.
If you have questions or want information about Exit Strategies Group’s M&A advisory or business valuation services, please contact Al Statz at 707-781-8580 or alstatz@exitstrategiesgroup.com. Deal terms will not be disclosed.
