Kent Group Completes Another Agribusiness Merger and Acquisition Transaction
Roto-Mix, a division of JSI Industries, was acquired by the original founders of the company. Roto-Mix is a leading manufacturer of livestock feed mixing equipment.
Dodge City, KS, January 31, 2006 --(PR.com)-- Kent Group Inc., investment bankers specializing in the agribusiness and food industries, announces its role in managing the sale of Roto-Mix, a division of JSI Industries, to the original founders of the company. Roto-Mix is a leading manufacturer of livestock feed mixing equipment for the beef cattle and dairy industries. The company also manufactures and markets a complete line of manure spreaders, compost mixers and spreaders for agricultural, municipal and industrial applications. Roto-Mix operates three facilities, which employ over 110 people in Dodge City, Hoisington and Scott City, Kansas.
The new company is named Roto-Mix LLC (www.rotomix.com) and is owned equally between Bill Pullen and the Neier Family Trust. According to Roto-Mix President, Rod Neier, “This move will position the company to achieve future growth by re-investing profits back into the business. Roto-Mix will also pursue opportunities to compliment its strong positions in the mixer and spreader markets. This ownership change will be relatively transparent to our customers, suppliers and employees as all operations will remain unchanged.”
Kent Group President Jim Kent stated, “The Roto-Mix transaction was especially rewarding for us as we like to manage transactions where management, distributors and former owners can acquire the business they built. Based on our experience managing these assignments, we have observed that the selling price is only part of the transaction equation.” With 25 years of transactional experience, Kent Group considers additional factors when creating the best deal for clients including deal structure, post transaction operations, goodwill value, noncompete compensation, tax ramifications, employment contracts, corporate structure, cash/stock versus seller financing, earnout, partial sale, stay bonuses, personal objectives, and other important aspects.
Kent Group Inc. (www.kentgroupinc.com) manages agribusiness and food industry mergers, acquisitions and divestitures throughout the United States, Canada and Europe. The scope of over 175 past assignments has ranged from the divestiture of a product line to managing the sale of large corporation subsidiaries with numerous deals in between, including the sale of many privately owned businesses. These transaction values ranged from a few million dollars to over $100 million.
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The new company is named Roto-Mix LLC (www.rotomix.com) and is owned equally between Bill Pullen and the Neier Family Trust. According to Roto-Mix President, Rod Neier, “This move will position the company to achieve future growth by re-investing profits back into the business. Roto-Mix will also pursue opportunities to compliment its strong positions in the mixer and spreader markets. This ownership change will be relatively transparent to our customers, suppliers and employees as all operations will remain unchanged.”
Kent Group President Jim Kent stated, “The Roto-Mix transaction was especially rewarding for us as we like to manage transactions where management, distributors and former owners can acquire the business they built. Based on our experience managing these assignments, we have observed that the selling price is only part of the transaction equation.” With 25 years of transactional experience, Kent Group considers additional factors when creating the best deal for clients including deal structure, post transaction operations, goodwill value, noncompete compensation, tax ramifications, employment contracts, corporate structure, cash/stock versus seller financing, earnout, partial sale, stay bonuses, personal objectives, and other important aspects.
Kent Group Inc. (www.kentgroupinc.com) manages agribusiness and food industry mergers, acquisitions and divestitures throughout the United States, Canada and Europe. The scope of over 175 past assignments has ranged from the divestiture of a product line to managing the sale of large corporation subsidiaries with numerous deals in between, including the sale of many privately owned businesses. These transaction values ranged from a few million dollars to over $100 million.
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Contact
Kent Group Inc.
James W. Kent
715-358-7528
www.kentgroupinc.com
Contact
James W. Kent
715-358-7528
www.kentgroupinc.com
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