Madison Street Capital

Madison Street Capital, an international investment banking firm, served as exclusive advisor to Ibex Engineering on its sale to Bearing Engineers, a California corporation doing business as Motion Solutions. Ibex Engineering is a manufacturer of precision linear and rotary positioning systems, with specific expertise in custom OEM solutions. Charles Botchway, CEO of Madison Street Capital, announced that Senior Managing Director Barry Petersen led the Madison Street Capital team. Terms of the transaction were not disclosed.

Founded by Andre Perrin in 1999, the company was formed to fill a gap in the motion control and positioning market by providing customized precision motion control platforms when off-the-shelf platforms were insufficient. Since then, Ibex Engineering has gained a reputation for servicing the most demanding ultra-precision motion control applications for markets that typically define leading-edge technology.

Ibex selected Madison Street Capital to serve as the exclusive advisor for the transaction. Andre Perrin, President of Ibex Engineering said, "Madison Street Capital’s expertise and in-depth knowledge within our sector was instrumental in achieving our transaction objective. Barry and his team did a great job and the process was seamless. We are truly grateful for Motion Solutions and its ability to take the science of precision motion to the next level, and I highly recommend Madison Street Capital to any organization considering selling.”

Barry Petersen, Sr. Managing Director of Madison Street Capital, who led the engagement, commented: “We focus on providing the guidance and advice imperative for a successful outcome. It was a pleasure to work alongside Andre and the entire team at Ibex to achieve an optimal result for all parties. We are optimistic about their future growth and look forward to their division’s success under Motion Solutions.”