We are pleased to announce that our client AB Technology, Inc. ("AB Technology" or “the Company") has been acquired in an all-cash transaction by SureKap, LLC, a portfolio company of LFM Capital ("LFM”). Coil Partners acted as the exclusive financial advisor to AB Technology for the transaction.
Based in Los Angeles, California, AB Technology is an automation engineering company and an industry leader for high-speed labeling and padding systems focused primarily on the food packaging industry. The Company’s equipment is regarded as best-in-class due to its high performance labeling system and expert design/engineering. The Company has established a ~30-year history of manufacturing/engineering excellence and brand value serving the packaging industry's leading customers.
According Ante Baskovic Jr., AB Technology owner and EVP, "The alignment of AB Technology's and SureKap's business models and cultures is compelling. We are excited to extend our family legacy with SureKap to further serve our customers and scale the combined companies."
Advising the owners of AB Technology, Coil Partners was successful in managing a sell side M&A process that included positioning the Company’s value proposition to industry buyers, leading to structuring and negotiating the Company sale to SureKap.
Baskovic Jr. added, "Coil Partners, led by Paul Donnelly, was instrumental in navigating the transactional and relational process with our leaders and those of SureKap and LFM. They were very effective in communicating our Company's value proposition to buyers, while walking alongside us at every stage of the process."