Exotic Automation & Supply (“Exotic Automation”) has successfully acquired Sidener Engineering (“Sidener”).
IMAP Michigan (Amherst Partners) acted as exclusive financial advisor to Exotic Automation in connection with the transaction.
Exotic Automation’s management engaged Amherst to assist in the evaluation of Sidener Engineering as an acquisition target in a transaction that ultimately joined two well established, reputable leading fluid power suppliers and positioned the combined companies for fast track growth in the fluid power, hydraulic, pneumatic, safety, and automation markets. Amherst’s deep industry expertise and substantial buyside experience e allowed the team to engage in an efficient, timely review of the target’s financial and operational information and, in particular, supported the analysis of the deal economics and structure.
About Exotic Automation & Supply Exotic Automation & Supply
Headquartered in Farmington Hills, Michigan, is a leading supplier of fluid power products, and maintains full service distribution centers throughout Michigan. Founded in 1981, the Company has grown to become one of the largest Parker Hannifin distributors in the country.
About Sidener Engineering
Noblesville, Indiana based Sidener Engineering was founded in 1981. A fullline distributor for fluid power, pneumatic, and engineered safety products, it also specializes in unique safety products for the foundry industry. Sidener has service centers located throughout Indiana, as well as in Louisville, Kentucky.
It is with great sadness that we inform you that Monday 18 May 2020, our friend and former partner Peer Joosten passed away.
The transaction was closed successfully despite the ongoing Coronavirus pandemic and extended nationwide state of emergency throughout Japan.
IMAP partners with dedicated teams in the Restructuring and Debt Advisory fields recently held a virtual roundtable to garner comment and perspectives from around the globe on the financial effects of the COVID-19 crisis.