Mergers & Acquisitions Case Studies

The Monarch Group – M&A Exclusive Sale
The Monarch Group, one of the dominant motor repair and service companies with three facilities in the Midwestern United States, provides unparalleled repair and maintenance of motors and generators that are utilized in diverse industries and end markets such as metals and minerals production, fossil and non-fossil electric power generation, petroleum refining, and other heavy industrial end markets. The acquisition enables IPS, a national leader in the service and repair of electric motors and mechanical power transmission components, to continue to expand and supplement its motor repair services and field service offerings.

Bruml Capital Corporation served for many years as financial advisor to the shareholders and Board of Directors of The Monarch Group. With that relationship, BCC had an in-depth understanding of the objectives of the shareholders and The Monarch Group’s industry. Working closely with the shareholders, BCC developed an analysis of possible buyers and it was evident that a strategic premium could be supported based on a carefully executed marketing strategy. Through an extensive process involving both corporate and financial buyers, BCC consummated the sale of the business to IPS with an outcome that exceeded the owners’ expectations and goals.

Noteworthy Medical Systems, Inc. – M&A Business Acquisitions
Noteworthy Medical Systems, Inc., Cleveland, Ohio, a rapidly growing electronic health record (EHR) solutions provider, recently acquired MARS Medical Systems, Inc., a provider of practice management software, and ChartConnect, Inc., a provider of turn-key health information exchange (HIE) and web-based EHR applications. Both acquisitions were completed over a period of twelve months and enabled Noteworthy to become a leading provider of connected healthcare technology solutions for the ambulatory market.






Noteworthy identified MARS and ChartConnect as strategic acquisitions. Its Board of Directors recognized that an experienced financial advisor was necessary to assist in negotiating and structuring the transactions. BCC also served as financial advisor to Noteworthy in connection with raising acquisition financing. BCC’s merger and acquisition experience was a strong resource for Noteworthy as the Company successfully completed two acquisitions in quick succession in order to capitalize on the complementary systems that MARS and ChartConnect offered to supplement Noteworthy’s core business.

Victory Tube Company – M&A Exclusive Sale
Victory Tube Company is the leading value-added independent distributor of mechanical and structural tubing products in the Ohio Valley. Victory's principal owners decided to consider the sale of the company to allow a new owner with greater financial and operational resources to better capitalize on numerous growth opportunities available to Victory and allow the owners to retire.

Bruml Capital Corporation initiated this sell-side transaction and served as financial advisor to Victory. BCC utilized its extensive knowledge of metals distribution to contact strategic buyers as well as its relationships with financial buyers to provide Victory's ownership group with numerous sale options. Ultimately, Victory's principals elected to sell the company to Marmon/Keystone, a member company of the Marmon Group, due to the strong strategic fit between the two organizations and the ability for the second generation of Victory's founders to continue with the business.

Nylonge Corporation – M&A Exclusive Sale
Nylonge Corporation, a privately-held company, is one of the largest manufacturers of cellulose sponge products in North America. With a strong global market position in a consolidating market, the principal owners recognized that a strategic buyer may be better positioned to achieve future growth opportunities.

Bruml Capital Corporation was engaged by Nylonge as its exclusive investment banker and financial advisor in connection with the sale of the business. Through an extensive analysis of the market and competitors, it was evident that a strategic premium could be supported based on consolidation in the industry. Through a carefully negotiated transaction involving many issues, 3M successfully acquired the business and achieved the owner's value expectations.