Business Sale

 

Another C.V. Lemmon & Co. Success Story

 

LMI Aerospace, Inc. is a NASDAQ (LMIA) public company, which is pursuing a strategy of both internal and external growth through acquisitions. Prior to its acquisition of Precise Machine Company, LMIA had significant manufacturing operations in Washington, Kansas and Missouri and sought to acquire a leading, Texas-based machine part maker with a stable labor force and continuity of customers.

 

Precise Machine Company is a manufacturer of precision machine parts for the aviation and commercial industries. At approximately the same time that LMIA began its search for a Texas acquisition, the owner of Precise Machine chose to sell the company in order to retire and travel with his wife. The owner stipulated that a qualified buyer pay a fair value and retain all employees along with Precise Machine’s top-notch quality assurance program.

 

Precise Machine requested that C.V. Lemmon & Co. represent the company in its sale. During our engagement, we designed a selling program, prepared offering materials, contacted potential buyers and, ultimately, negotiated the transaction with LMIA to a successful closing.

 

Today, both parties are satisfied with the results.