Jordan Knauff & Company Awarded Top Honors for its Work with Building Products & Services Company and Private Equity
Middle-market investment bank Jordan Knauff & Company (JKC) is pleased to announce it has received two awards for its work as exclusive financial advisor to private equity firm CID Capital, Inc. in the sale of its portfolio company Top Master, Inc., (Top Master) a designer, fabricator and installer of a comprehensive line of custom countertops sold to residential and commercial consumers. The transaction was recognized with the following two awards:
2017 Materials Deal of the Year in the United States
Awarded by The M&A Advisor
2017 U.S.A. Private Equity Deal of the Year in the $5 million to $50 million range
Awarded by The M&A Atlas Awards
Founded in 1984, Top Master (now known as Premier Surfaces, Inc.) has operations in five locations primarily serving the Kansas, Iowa, Missouri, and Nebraska markets. As a result of successful partnerships in each market with big box home improvement retailers, kitchen and bath dealer networks, homebuilders, and commercial contractors, Top Master has grown to become the largest provider of countertops to the residential remodeling and new residential construction markets in the Midwest.
Clio Holdings, LLC of Birmingham, Michigan, a countertop business consolidator formed by two private equity firms, O2 Investment Partners and Oakland Standard Co., acquired Top Master, expanding its footprint of leading regional countertop fabrication businesses to eight states.
The sale of Top Master presented a number of challenges that the JKC team was able to overcome in order to successfully complete the transaction. These included:
- Multiple shareholders with significantly different definitions of a successful outcome
- Fabrication operations located in two different facilities with both nearing production capacity
- The desire of Top Master’s president to transition out of the business post-closing
JKC was able to bridge ownership’s differing notions of transaction success by remaining flexible and creative. Based on the needs of the different owners, JKC designed different deal structures ranging from all cash to seller notes to rollover of equity, and communicated those different seller needs to potential buyers.
About Jordan Knauff & Company
JKC is a knowledgeable and experienced provider of a comprehensive line of investment banking services to private companies. Our services include selling companies, raising debt and equity capital, acquisition advisory services, and strategic business services to companies in a variety of industries, including among others, building products and services, energy logistics and distribution, and flow control (pumps, valves, filtration). Typical transaction sizes range from $10 million to $300 million in total consideration.
Mr. G. Cook Jordan, Jr., Co-founder and Managing Principal, has over 30 years of private equity and investment banking experience, and seven years of executive and operations experience in middle-market companies. JKC’s entire professional team have spent their careers in the middle-market and offer that expertise and knowledge to our clients. It is their mission to provide the best transaction advisory services along with in-depth industry specific research to middle-market companies and the entrepreneurs who lead them.
For further information on this transaction or Jordan Knauff & Company, please contact Mr. G. Cook Jordan, Jr., at firstname.lastname@example.org / 312-254-5901 or Mr. David A. Kakareka, Vice President of Transaction Management, at email@example.com / 312-254-5907. JKC is a member of FINRA.
About The M&A Advisor
The M&A Advisor was founded in 1998 to offer insights and intelligence on mergers and acquisitions activities. Over the past eighteen years, through research, reporting, publishing, and summits, they have established and serve a premier network of mergers and acquisitions, restructuring, and finance professionals. In addition, The M&A Advisor is the preeminent organization recognizing excellence, honoring achievement, presenting thought leadership, and facilitating connections among the world’s leading deal making professionals. To learn more about its services visit www.maadvisor.com.
About the M&A Atlas Awards
Sponsored by the Global M&A Network, the M&A Atlas Awards honor top deals, deal makers, and firms from North and South America middle-market mergers and acquisitions communities. Judging is based on identifiable deal performance metrics across five broad criteria. Winners are selected by an independent panel for completing top value-creating transactions from corporate, institutional investor, private equity, venture capital, restructurings and the mergers and acquisitions communities world-wide. For more information, please visit www.globalmanetwork.com.
Top Master, Inc.
Materials Deal of the Year In the United States (2017)
U.S.A. Private Equity Deal of the Year in the $5 million to $50 million range (2017)