For IMMEDIATE RELEASE
CHICAGO – 2022– EBIT Associates, a leading Illinois-registered, lower middle-market investment bank with several accredited association member firms, announced today that it advised Casco Manufacturing Company, (“CASCO”) on its sale transaction to OLECO, Inc., (“GLOBALTEC”), for an undisclosed amount.
Headquartered in Bolingbrook, Illinois, Casco Manufacturing (www.cascomanufacturing.com) is in the business of manufacturing and sales of custom cable assemblies and harnesses and related products and services.
GLOBALTEC, a Spring Lake, Michigan corporation (www.globaltec.com) specializes in custom electrical cable and wire harness assemblies, with a focus on box builds, value-adds, and in-house injection molding and over molding. They offer a vast array of products that serve the medical device, datacom, military and defense, industrial and aerospace industries.
“We are pleased that Globaltec, who has visionary leadership and caliber with seasoned management, will take our company to the next level,” said Jackie James, President and Chief Executive Officer of Casco. “Globaltec did everything they said they would do to ensure that the process moved quickly and to help us achieve our goals as a seller.”
“With a stellar reputation, a highly skilled team, specialized technology, and significant continued growth potential, Casco is a market leader providing OEM’s and distribution markets with the very best in custom cable manufacturing, focusing on customer satisfaction through top quality products, fast turnaround and competitive pricing. Our dedication to solely focus on the manufacturing of assemblies makes Casco the smart choice in custom cable assemblies,” said Marty James, VP Operations of Casco.
Jackie James added, “We were very impressed by the work that EBIT Associates performed on our behalf. They ran an excellent transaction process while maintaining the highest standards throughout. From a process and valuation perspective, the firm’s expertise, guidance and support served our goals especially well.”
Todd Cushing, Principal of EBIT Associates, added, “It was a pleasure working with Jackie and Marty James, and the Globaltec team Tim Ellis.
About EBIT Associates
EBIT Associates, a leading Illinois-registered, lower middle-market investment bank headquartered in Chicago, Illinois with offices in Arizona, Iowa, New York, Texas, Wisconsin and India. Founded in 1999, EBIT Associates provides financial advisory services to lower middle market companies throughout the world, supporting client needs principally in the areas of merger and acquisitions advisory, valuations, financial restructurings, and capital. EBIT Associates is also members of several associations, exclusive global organizations of leading merger and acquisition advisory firms. More information is available at www.ebitassociates.com
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