Premier Hydraulics
Carleton McKenna provided exclusive financial advisory services to Premier Hydraulics in its acquisition by PTR Group.
Press Release
Premier Hydraulics (“PH”) offers a uniquely broad range of custom, value-added manufacturing and distribution services, including design, machining, shipping and receiving, final assembly, inspection warehousing and fulfillment. Since the company’s founding in 1995, Premier Hydraulics has been able to capitalize on long-term customer relationships in China. Premier Hydraulics is positioned for significant growth, as the company has capabilities to manufacture custom products, full assemblies and other larger fabricated products.
PTR Group provides world-class contract manufacturing of components and subassemblies in metal and plastics with an emphasis on cultivating deep-rooted customer relationships and supply chain networks. The acquisition of Premier Hydraulics will enhance PTR Group’s single-source capabilities and customer design expertise, as well as increase efficiencies for its customers in the broad range of industries it serves.
Industry Expert
Christopher J. McKenna
Managing Partner
Industry Expert
Alexis M. Becker
Vice President
Case Study
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.
