Premier Hydraulics
Premier Hydraulics (“PH”) was acquired by PTR Group in December of 2022. Premier Hydraulics offers a uniquely broad range of customized, value-added manufacturing and distribution services to some of the nation’s largest industrial equipment OEMs. PH’s diverse capabilities include design, engineering, machining, shipping and receiving, final assembly, inspection, warehousing and fulfillment. Carleton McKenna was engaged by PH owners to run a full-scale sell-side transaction process and maximize valuation, while operating under an expedited timeline.
After a comprehensive, custom-built and accelerated marketing process, Carleton McKenna created a competitive bidding environment between multiple strategic businesses, one being the owners’ preference. Given the competitive dynamics and CM&Co’s thoughtful negotiation, the preferred buyer increased their initial bid by 10% to surpass a higher bidder and secure exclusivity with Premier Hydraulics. The diligence process to follow was executed in under 60 days to meet the owners’ year-end closing desires.