Investment Group Buys Van-Am Tool

December 2012 | St. Joseph News-Press | Staff Writer       Download PDF      Print

Allied Business Group, a Kansas City-based mergers and acquisitions firm, has announced that Van-Am Tool & Engineering, Inc. has been sold to a private investment group which consists of two private equity firms, 3P Equity Partners and Silver Sail Capital. The group is excited about the transaction and looking forward to partnering with management to continue growing the business both organically and by acquisition.

Founded by Ivan Russell in 1981, Van-Am has grown into a leading provider of tool and die design and manufacturing, general machining and fabrication, stamping, laser cutting, and a wide variety of other manufacturing capabilities. The company currently has 55 employees and is well known within the industry for providing quality products and dependable customer service.

The new owners, who will retain all of the company's current employees, were seeking to invest in a manufacturing company with a strong management team and a history of stable financial performance. Ultimately, they determined Van-Am fit their investment criteria and showed promising growth potential. Russell, who plans to retire, says the new investors will be able to provide the financial resources and leadership needed to pursue current growth opportunities and expand the company.

Tim Skarda, Founder and Managing Director of Allied Business Group acted as the exclusive financial advisor to Van-Am in the sale.

*Allied Business Group was renamed Mariner Capital Advisors in October 2017.