Rua Associates LLC, West Michigan’s premier mergers and acquisitions firm, is pleased to announce the sale of Machine Shop Services, a Holland-based machine shop, to Agritek Industries, a Holland-based diversified manufacturer.
Rua Associates was hired by the owners of Machine Shop Services to represent them during the transaction. Pat Henagin, a former partner, stated: “We are happy with the sale and, in hindsight, it happened quite quickly. Ken and I are looking forward to helping transition the business over to the new owner.”
Machine Shop Services was established in Holland, Michigan over a decade ago. Machine Shop Services is a very successful operation that has gained the respect of small and large manufacturing companies in the area. With its unique capabilities, Machine Shop Services is able to serve industries as diverse as automotive, mining, oil and construction. Marketing and sales efforts have been minimal and yet the Company has more than enough work, year after year. The Company has experience with machining new and specialty machine parts, such as weldments, fixtures and tooling plates.
Agritek Industries is a unique manufacturer with the ability to offer design, engineering and production of metal products and production processes from a single source. From metal stamping to CNC machining, production assembly to custom welding and fabrication, Agritek builds its processes around their customers. With in-house divisions focusing on wire forming and metal finishing, Agritek provides a single source for multiple manufacturing needs.
Rua Associates works on both the buy-side and the sell-side of mergers and acquisitions, and is anticipating continued growth as the economy improves. Rua Associates believes in an in-depth, personal approach to business & market preparation for the parties they represent in a transaction, and maintain that relationship until the transaction closes. They accomplish this by structuring the company as a fully- integrated team, which supports their clients from start to finish.