Plaisance Advisors announced today that Managing Director John Waller has completed the sale of a foundry and machine shop for one of his clients, a Fortune 100 company. The fully equipped foundry and machine shop is a leading manufacturer of erosive and corrosive-resistant centrifugal pump components primarily for mining, power generation, oil and gas exploration and production, pulp and paper production, ethanol production, and other industrial markets. It produces, among other items, highly complex pump impellers and pump housings.
Waller was the exclusive financial advisor to the client in this transaction, the terms of which were not disclosed. The transaction preserved over 180 jobs in rural Pennsylvania, most of which were union positions.
About Plaisance Advisors LLC
Plaisance Advisors provides cost effective mergers and acquisition advisory services to world-class, industry-leading companies. With nearly 20 years of investment banking experience we have developed significant industry expertise in select industries, global relationships, and a keen understanding of how to best position a business for sale. Our clients include private business owners, private equity firms, and some of the largest corporations in the country.
John Waller, Managing Director