A.P. Nonweiler Co. Inc. sells to Renovo Capital LLC
Learn how Baker Tilly Capital finds APN, client and manufacturer of paint and coating products, a buyer who would capitalize on the company’s value.
Client need
A.P. Nonweiler Co., Inc. (APN), founded in 1929, is an Oshkosh, Wisconsin-based paint and coatings manufacturer. APN is engaged in the manufacture, production, distribution and sale of specialty coatings, finishings and paints, including protective coatings, custom coatings, sustainable coatings and vacuum metalizing. The company sells through both distribution and direct channels, serving a wide range of industrial end markets and applications with its comprehensive portfolio of liquid coatings technologies.
Baker Tilly Capital solution
APN’s third-generation family shareholders wanted to explore a potential sale of the company to capitalize on the significant value that they had created and to implement an orderly succession plan.
The Appleton, Wisconsin, office of Baker Tilly had an existing audit and tax relationship with APN and introduced Baker Tilly Capital, LLC (Baker Tilly Capital) to advise ownership on a sale of the company.
Results
Baker Tilly Capital ran a sale process and assisted APN in completing a transaction with Renovo Capital. The transaction provided meaningful shareholder liquidity, an ongoing equity interest in the business and the opportunity to participate in future value creation.
Mark Nonweiler, CEO of APN, said, “We are excited to embark on a new phase of growth with Renovo. Their deep industry knowledge and experience scaling businesses, acquiring and combining companies, improving core processes and enhancing organizational capability will allow us to take A.P. Nonweiler to the next level.”
To learn more about how Baker Tilly can help your organization with its transaction needs, contact our M&A team.
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Baker Tilly Capital professionals have completed hundreds of middle market transactions for public and private companies in various industries.