Deloitte Advises PHC Owner Resource Group Sale
Deloitte Corporate Finance acted as financial advisor to Precision Hydraulic Cylinders, portfolio company of BB&T Capital Partners, in its sale to Owner Resource Group. PHC and BBTCP engaged DCF to facilitate generating liquidity for the company’s shareholders. The deal closed on May 30, 2014.
“Our team has worked diligently to establish PHC as a leading global platform for serving the unique needs of multinational OEMs. We are excited to partner with ORG for our next phase of growth,” said Chris Barclay, president, chairman and CEO of PHC.
“It has been a pleasure working with Chris Barclay and his management team on this transaction with Owner Resource Group. We were able to leverage our deep experience in the hydraulics industry to obtain an outcome with which our client is very pleased,” said Eric Andreozzi, managing director, Deloitte Corporate Finance and head of DCF’s Energy and Resources Group.
Beulaville, NC-headquartered PHC is a manufacturer of custom hydraulic cylinders for mobile equipment applications.
Austin, TX-based Owner Resource Group is aprivate investment firm founded in 2008 to bring superior outcomes to privately held businesses.