KURZ-KASCH, INC. HAS BEEN ACQUIRED BY PRETTL MANUFACTURING CORPORATION
Birmingham, Michigan – April 30, 2015 – Angle Advisors is pleased to announce that PRETTL Manufacturing Corporation a wholly owned subsidiary of The PRETTL Group (“PRETTL”) has acquired Kurz-Kasch, Inc. (“Kurz-Kasch” or the “Company”) from Monomoy Capital Partners. Angle Advisors acted as the exclusive investment banking advisor to Kurz-Kasch in completing this transaction.
Based in Newcomerstown, OH, Kurz-Kasch is a specialty manufacturer of diesel fuel stators, HVAC coils, bobbins, fan clutch coils, and energy sensors. The Company’s manufacturing capabilities include winding, terminating, machining, and encapsulation. The Company’s process capabilities include tool and machine design, prototyping, precision coil winding, automated electrical testing, automated assembly, harsh environment expertise, and advanced wire joining technologies. Kurz-Kasch is comprised of approximately 100 highly skilled employees and serves the truck, industrial refrigeration, nuclear, energy, and automotive industries.
Chad Merkel, General Manager of Kurz-Kasch said, "We are very excited to be part of PRETTL and truly believe that Angle Advisors has found us a fantastic partner to grow our business. I would personally like to thank the team at Angle Advisors for their outstanding advice, dedication, and professionalism.”
Founded in 1953 and headquartered in Pfullingen Germany, PRETTL is a privately held holding company with over 6,500 employees at more than 35 locations in 25 countries. PRETTL’s operations are divided into four primary business divisions: Automotive, Components and Displays, Electronics, and Energy. For additional information, please visit www.prettl.com.
Founded in 2005 by Stephen Presser, Daniel Collin and Justin Hillenbrand, Monomoy Capital Partners targets middle market businesses with annual revenues of between $100 and $600 million in a wide range of industries that face operational, financial, and strategic challenges. Monomoy designs and executes a customized value creation plan for each acquisition that seeks to generate significant cash flow and improve earnings within 12 to 18 months of a Monomoy investment. Over the past nine months, Monomoy has acquired and restructured middle market businesses in the textile industry, the automotive supply chain, and the consumer electronics sector. For additional information, please visit www.mcpfunds.com.
Angle Advisors, with offices in the United States, Germany, the United Kingdom, and China, specializes in mergers and acquisitions with a particular emphasis on the vehicular and industrial sectors. The firm's 36 professionals have completed 138 M&A transactions since the beginning of 2009 for multinational corporations, privately-held companies, private equity funds, and public sector clients. For additional information, please visit www.angleadvisors.com.