Top 50 Heat Treater Sold
Century Sun Heat Treat Treat Sold-31st Largest Commercial Heat Treater in North America. Recently “The Monty Heat Treat News” put together our annual list of the largest commercial heat treaters in North America-in 31st position on this list is Century Sun Heat Treat in Traverse City, Michigan. According to this press release the firm was recently sold to a Michigan based Investment Group. 50 Largest North American Commercial Heat Treats 2021 | The Monty
“PMCF is pleased to announce that it served as the exclusive financial advisor to Century, LLC (“Century” or “The Company”) in a sale transaction to Hillcrest Investment Partners, LLC, a private investment group. Headquartered in Traverse City, Michigan, Century is a leading supplier of heat treating and machining solutions.
Over its history of more than 45 years, Century has evolved into a leading manufacturer of highly complex precision components, serving customers in aerospace, oil and gas, and industrial markets. The Company’s vertically integrated offering of precision machining capabilities, automated welding, and specialized heat treating services streamlines the supply chain and improves quality and turnaround times for customers. Century’s team of experienced engineers, machinists, and product line specialists take a methodical and comprehensive approach to each project. The Company’s focus on service, quality, and on-time delivery results in strong customer loyalty – 90% of customers have been with Century for 15 years or more.
Bill Janis, former Owner and Chairman of Century, remarked, “Century has established a strong reputation in the market over multiple decades based on our focus and dedication to customer satisfaction. The Company has found a great home with Hillcrest Investment Partners. Their ability to leverage industry experience and continued investment in capabilities and technology will accelerate Century’s growth trajectory and result in even better service for our customers.”
Century selected PMCF to serve as the exclusive investment banker in the transaction. Bill Janis added, “We couldn’t be happier with our decision to hire PMCF as our M&A advisor. The team was instrumental in achieving a successful outcome and was heavily involved in each phase of the process. PMCF’s industry expertise and ability to effectively communicate our story to the market was impressive, and I would highly recommend PMCF to any company considering a transaction.”
The transaction closed in June 2021. Honigman LLP served as the legal advisor to the Company.”
Did you like this article? Click here to subscribe to The Monty.
View our recent magazines and podcasts by clicking the following link. http://www.themonty.com/magazine/