Hicklin, Inc. (SuperFlow)
This forty-five-year-old Iowa based niche manufacturer had become the global engineering leader specializing in test and remanufacturing equipment for vehicle powertrains.
With sales declining, the company was losing money and in default on its secured loan. They also lacked working capital to take on and win new business.
Equity Partners was retained and conducted an exhaustive marketing process. Through our process, over 50 companies signed confidentiality agreements and considered investing in or acquiring the business.
Following in-depth negotiations on behalf of the seller, EP negotiated an offer from one of SuperFlow’s competitors which far exceeded any liquidation estimate and we closed the transaction without a single day of interruption. All jobs were saved and the business continues to operate today.