A leading distributor of maintenance, repair, operations and production (“MROP”) supplies and tools and equipment to marine, industrial, automotive aftermarket and government customers.
Brookwood Associates advised the shareholders of Nestor including its majority owner, Richards Capital, on sale of the Company to Carousel Capital.
Engagement Process and Outcomes
Effective Positioning – Nestor’s three divisions served primarily three different customer segments, each with different business attributes and growth rates. After conducting a considerable amount of research and diligence, Brookwood built a comprehensive projection model that outlined the Company’s potential based upon each segment’s expected performance. A thoughtful, comprehensive information memorandum favorably positioned Nestor and each business unit.
Strong Marketing and Negotiating – Brookwood contacted over 150 potential strategic and financial buyers. A broad marketing process generated numerous attractive offers, and the business was sold to Carousel Capital, a middle-market private equity firm.
Excellent Result – The transaction exceeded our clients’ initial valuation expectations.