DALLAS, TX—Mid-market mergers and acquisitions advisory firm Kratos Capital, is pleased to announce its client Meheen Manufacturing, a Washington state based craft beer capital equipment manufacturer, completes deal with Evolve Capital.
Meheen Manufacturing founder and President Dave Meheen spent more than five years searching for a firm to help monetize his life’s work. Meheen noted his search concluded when he found Kratos Capital and met its Senior Managing Director Josh Bammel. After the first meeting with Bammel, Meheen said he knew that Kratos was the firm to manage this critical transition of his specialty manufacturing business.
“We’re a very complex and steadily growing company operating in multiple domestic and global markets. Further, I wanted a partner that would help me expedite growth and take advantage of new markets. In addition, I wanted to stay involved in the company moving forward,” said Meheen. Kratos understood this was a niche business that required a specialized marketing approach. The first and most critical step for the Kratos team was sitting down with Meheen‘s executives to learn about what they wanted from a financial partner.
“This deal was in a rapidly maturing market,” said Bammel. “The raw analytics on this deal weren’t readily available; therefore we really had to build a new marketing footprint for Dave.”
Kratos deal team were able to use the firm’s proprietary pre-market process and deal-making experience to develop a customized marketing plan that brought more potential buyers to the table than Meheen said he could have imagined.
Bammel attributes the success of the Meheen acquisition to his team. “They performed at a level rarely seen in the investment banking arena. Their energy, focus and diligence led to maximum liquidity and the right partner for our client. To have this deal done in seven months from start to finish clearly speaks to our comprehensive exit process.” Kratos built a market of well over 150 buyers in this unique space, before Meheen decided to partner with Evolve.
Bammel’s knowledge of the mergers and acquisitions process was critical to finding the right partner, said Meheen. “They truly did the heavy lifting and allowed me to focus on my company. I am convinced that my deal couldn’t have been done without Kratos.”
Kratos Capital is an innovative mergers and acquisitions firm headquartered in Dallas that provides mergers, acquisitions, strategic growth advisory services, and opinion services for privately held and family-owned businesses to exit their businesses rapidly with maximum liquidity. The firm serves clients from two North American offices and locations in Canada and Brazil.