Colt Advisors, LLC © ALL RIGHTS RESERVED.
Colt Advisors, LLC
Kaufman Company, Inc:
Colt advised the Ownership of this thriving family-owned industrial distribution company located in the Boston area to allow planned generational retirements for family members representing a major block of shares. Colt valued the shares; developed a tax-efficient sale structure; negotiated the sale transaction; structured employment, consulting, and severance agreements. We also negotiated outside, non-dilutive funding. The transaction, which closed in 2021, provided a full value to the retiring shareholders despite the COVID-impacted business climate and was accomplished at no out-of-pocket cost to remaining family shareholders who retained 100% ownership. Colt worked closely with Brookline Bank which provided external funding. Kaufman has been owned and operated by the Kaufman family for nearly a century.
Sourced Acquisition Advisory opportunity for this consumer office products spin-off from Stanley-Black & Decker. Worked with the AMAX senior management team and Brooks Houghton to complete acquisition of a similar consumer products distribution company. Specifically directed competitive senior bank financing competition among New England based banks and asset-based lenders. Completed Senior Financing with Brookline Bank.
Worked with this publicly held NH-Based company to explore strategic alternatives.
Vitronics, a Fleet customer, was a leader in Surface Mount Technology for a number of electronic applications and was successfully merged with a Dutch-based subsidiary of Dover Electronics, a division of Dover Corporation.
Sourced and advised central Massachusetts family business on selected disposition of assets, including wholesale fuel distribution business and retail gas stations and convenience stores. Worked with family trustees and local legal advisors to complete timetable under distressed conditions.
Sourced and successfully worked with Fiduciary Trust Intl to assist family client on disposition of privately owned precision screw business located in Georgia and Rhode Island. Competed and won this assignment against 3 other investment banks. Negotiated the necessary senior and subordinated financing with Bank of America Business Banking, during difficult 2009 financial climate, necessary to close management-led buyout.
Summer Infant, Inc:
Sourced and advised a small but rapidly growing Rhode Island-based specialty designer and distributor of juvenile products. Reviewed shareholder alternatives with private equity and industry candidates. After evaluating strategic and financial buyer options, we maximized the then current valuation range through the identification of a Special Purpose Acquisition Company, KBL Healthcare Ventures, which merged with Summer Infant, creating a $50mm valuation. It then became a public company, SUMR. Then assisted client with expanding commercial banking relationships. Company now over $200mm in annual sales.
Colt has worked historically with a number of large commercial banks, providing financial advisory services to their prospects and clients. These relationships have included, among others: Citizens Bank, M&T Bank, Fleet, Bank of America, Brookline Bank, and Bank Rhode Island.
Assignment types were typically targeted acquisitions, capital raise, sale of all or part of a business, and valuations.