Northern Edge Advisors Represents Amran and Narayan in $462 Million Sale to Standex
Northern Edge Advisors served as the exclusive financial advisor to privately-held US-based Amran Instrument Transformers and India-based Narayan Powertech Pvt. Ltd. ("Amran/Narayan Group") in the sale to Standex International Corporation (NYSE:SXI).
Structured as the simultaneous sale of two separate companies, the acquisitions are the largest in Standex's history, with a combined enterprise value of approximately $462 million consisting of both cash and stock consideration. The international nature of the transactions introduced myriad technical challenges due to differing regulatory and legal regimes, as well as logistical challenges working across time zones.
With manufacturing facilities in the United States and India and customers in over 60 countries, the Amran/Narayan Group is a market leader in instrument transformers, providing highly technical, custom-engineered products to leading global OEMs and utilities.
Standex is a publicly traded multi-industry manufacturer with a global footprint. The combination continues Standex's strategy of focusing on higher-margin business segments in faster-growing markets.
The founders and leadership team of the Amran/Narayan Group will remain in place, working collaboratively with Standex to facilitate continued growth.
"The simultaneous sale of our two companies to Standex was a highly complicated transaction," said Bhargav Shah, Founder and President of Amran. "Through the entire process, Northern Edge Advisors provided us with steadfast support and strategic advice. Their sell-side expertise, cross-border experience and focus on the particular nuances involved with family-owned businesses were invaluable. We have deep appreciation for the commitment and partnership provided by Northern Edge Advisors."
"Transactions, such as this one, involving layers of complexity, showcase Northern Edge Advisors' differentiated expertise. The challenges in navigating the sale of separate companies across different time zones to an experienced buyer were many, and we are proud of the outcome. I am also highly impressed by Chirag and Bhargav Shah's capacity to accelerate growth and enhance performance while participating in a demanding sale process. We are thrilled to have served as a trusted advisor to the Amran/Narayan Group and its owners," commented Bob Goldsmith, President of Northern Edge Advisors.
About Northern Edge Advisors
Headquartered in New York City, with offices in the United States and Canada, Northern Edge Advisors is a boutique investment bank with a core focus on sell-side financial advisory services for privately owned businesses across all industries.
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