Case Study:

Paladin Tools - Exclusive Sale

Situation

• Paladin Tools, based in Oilville, Virginia, is a leading provider of branded hand tools and accessories for the communications wiring industry.

Objective

• The Company’s President and majority shareholder had a significant portion of his personal net worth tied up in the business and sought to retire.  Additionally, he believed an acquisition by a larger, better capitalized industry participant could provide the Company with the ability to leverage Paladin’s strong brand name and diverse product mix to unleash the Company’s growth potential.

Solution

• Matrix sought a larger parent that would be able to offer additional resources to the Company, as well as provide the majority shareholder with significant personal liquidity.
• Based on the shareholders’ objectives, Matrix conducted a robust auction process that included both strategic and financial buyers.
• Matrix ultimately closed the transaction with Greenlee, a division of Textron, Inc., for a premium valuation that exceeded shareholders’ expectations.