Heritage Equity Partners advised Precision Bend and Machine Company (PBM) in the successful going concern sale of substantially all of its assets to Epic Tube and Fabrication.

PBM retained Heritage Equity Partners as its investment banker in early December 2015 to explore a sale for its assets. HEP conducted a comprehensive marketing process, resulting in a wide range of potential buyers, including multiple strategic and financial parties interested in purchasing PBM as a going concern.

“We conducted an exhaustive marketing process that produced more than 50 interested groups executing confidentiality agreements. Of those, 12 groups visited the facility and met with key management,” said Fred Cross, managing director of Heritage Equity Partners. “We are pleased that PBM was able to continue as a going concern while preserving jobs for the majority of its employees, as well as maximizing recovery for its creditors.”

Walcott, IA-based PBM has more than 25 years of experience providing CNC tube and sheet bending, CNC wire forming and laser cutting.