https://www.casselsalpeter.com/wp-content/uploads/2017/06/casestudylogo-avanti.jpg 250 250 roaradmin http://www.casselsalpeter.com/wp-content/uploads/2020/04/cs_logo-color-REPLACE.png roaradmin2012-11-01 17:43:142020-12-08 14:43:30Avanti 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
- 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.