Commercial Fluid Power
In July 2023, Commercial Fluid Power (“CFP”) was acquired by leading international supplier of carbon and alloy mechanical tubing and fluid power products, National Tube Supply. CFP is a national, fully-integrated supplier providing finished machining, warehousing, repair and distribution services for specialty tubing and bar products related to hydraulic applications. Carleton McKenna was engaged by CFP owners to run a full-scale sell-side transaction process and maximize valuation, while limiting and anonymizing sensitive information made available to potential competitors that would not be the ultimate buyer.
CM&Co carefully managed and tailored information flow and communications to all process participants. We ensured customer, supplier and employee information as well as valuable trade secrets were kept confidential from potential competitors until a single party was selected and was midway through the diligence process (providing high confidence of close). Given the tremendous synergies with the international powerhouse buyer, this tailored and carefully managed process allowed for creation of an exceptional partnership offering new opportunities for both businesses to expand product and service offerings as well as geographic coverage.