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:
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- 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.
