Lutz M&A Advises Midwest Door & Hardware on Recent Sale
BRAD LEHL, MERGERS & ACQUISITIONS MANAGER
Lutz M&A announced that it served as the exclusive financial advisor to Midwest Door & Hardware in connection with its recent sale to a private investment group. The transaction closed on Nov. 30, 2015. Lincoln-based Midwest Door & Hardware is a fabricator and distributor of steel doors, wood doors and hardware used in various commercial, industrial and institutional industries.
Richard Selig, president of Midwest Door & Hardware, stated, “We are extremely excited about our sale, as the new owners represent an excellent fit with our employees in terms of culture and capabilities. They bring a new vision to our business that is full of exciting opportunities.” The acquisition is not expected to materially change the business. “Midwest Door is known for high-quality products and unsurpassed customer service,” said a representative from the ownership group. “We will continue to deliver what Midwest Door customers have come to expect.”
Commenting on the transaction for Lutz M&A, Bill Kenedy said, “We are proud to have represented Midwest Door & Hardware on its recent sale transaction. The company’s products and relationships make it exceptionally well-positioned within its markets. We welcomed the opportunity to represent them and wish them and their employees continued success with their new opportunities ahead.” On working with Lutz M&A, Richard Selig of Midwest Door noted, “We’re very pleased with the guidance, insights and professionalism that Lutz M&A provided throughout the course of this deal, as well as the outcome of their efforts.”
About Lutz M&A, LLC: Lutz M&A is a Nebraska-based mergers and acquisitions advisory firm, serving lower middle-market businesses in the Midwest across a range of industries. Lutz M&A is committed to providing its clients with a comprehensive, skilled and professional marketing process not typically available to smaller market companies.
About Midwest Door & Hardware, LLC (MDH): Lincoln-based MDH is a fabricator and distributor of steel doors, wood doors and hardware used in the commercial, industrial and institutional industries. The company markets its products and services through a network of architects and commercial construction contractors throughout the Midwest.
ABOUT THE AUTHOR
BRAD LEHL + MERGERS & ACQUISITIONS MANAGER
Brad’s professional background includes various roles in the financial services industry. He has worked in commercial and investment banking, including positions at US Bancorp, JP Morgan, and BMO Bank of Montreal, where he consulted clients on corporate finance solutions. He also has several years conducting institutional equity research at various investment banking firms, including Jefferies & Company and RBC Capital Markets. His industry coverage has spanned several sectors, including real estate, health care, technology, and telecommunications.
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