Citizens M&A Advisory served as the exclusive M&A advisor to Tube Processing Corporation in the sale of its commercial tube processing division (CTP) to Nelson Global Products, a portfolio company of Wind Point Partners.
Established in 1974, CTP is a manufacturer of tube assemblies, metal fabrications and precision weldments for OEMs in a set of end markets including on-highway, off-highway, construction and military durable equipment. George Seybert and his family have run Tube Processing Corporation since 1939.
“Deciding to proceed with the divestiture of our diesel engine market division, CTP, was hard; however, we were even more overwhelmed with the amount of work that a transaction process required,” Katherine Seybert Jacobsen, president and CEO of Tube Processing Corporation, said. “Engaging Mark Filippell of Citizens allowed us to move forward with the peace of mind we needed. We are now post close and couldn’t be happier with the outcome.”
“Katherine Seybert Jacobsen and the entire Seybert family take their commitment seriously to their employees, suppliers, customers and the community at large,” Filippell, who is a managing director for Citizens M&A Advisory, said. “In this spirit, they built CTP into a world-class manufacturer. We are proud to have been able to assist them in CTP’s transition to its next chapter as part of Nelson Global Products.”