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Avanti has been acquired by the Avanti Management Team and Gen Cap America
Background: Headquartered in Miami, FL, Avanti is an innovative leader in the consumer appliances industry, targeting the niche compact home appliances sector and offering consumers a complete line of products, including microwaves, gas and electric ranges, dishwashers, portable laundry machines, water dispensers, upright and chest freezers, and compact and mini-kitchens.
Cassel Salpeter:
Served as financial advisor to The Mackle Company, Inc. (owner of Avanti Products)
Ran a competitive sales process, identifying and contacting over 80 financial parties
Challenges:
Achieve significant price for family owner, while transitioning Avanti management team to minority ownership with private equity partners
Low growth business in a competitive space
Outcome: In November 2012, Avanti was sold to the Avanti Management Team and Gen Cap America, Inc., a private equity firm based in Nashville, TN.
https://www.casselsalpeter.com/wp-content/uploads/2017/06/casestudylogo-avanti.jpg250250roaradminhttp://www.casselsalpeter.com/wp-content/uploads/2021/05/CS-Logo-for-Assets-Post-10-Year-Branding_Website_04.28.21_Draft01.pngroaradmin2012-11-01 17:43:142020-12-08 14:43:30Avanti has been acquired by the Avanti Management Team and Gen Cap America
