Kingsbury Corporation has been acquired by Optimation Technology
THE TRANSACTION
In September 2011, the Company filed for relief under Chapter 11 of the United States Bankruptcy Code. Donnelly Penman & Partners was engaged in October 2011 to manage an expedited sale process. A stalking horse was selected and subsequently approved by the United States Bankruptcy Court on December 20, 2011. In February 2012, Kingsbury was acquired by an affiliate of Optimation, pursuant to Section 363 of the United States Bankruptcy Code.
Our Client
KINGSBURY CORPORATION
Kingsbury Corporation (“Kingsbury” or the “Company”) based in Keene, NH, is a respected leader in the design, engineering, manufacturing and installation of mid-to-high volume and close tolerance industrial automation systems, including high speed automated assembly systems, special machining systems, multi-station rotary dial and in-line transfer machines, vertical turning machines and machining centers. The Company, which has provided manufacturing and factory automation solutions for over 90 years, primarily serves the automotive, construction, aerospace, defense, appliance, energy and electronics markets.
Transaction Partner
OPTIMATION TECHNOLOGY, INC.
Optimation Technology, Inc. (“Optimation”) a global design, engineering and fabrication company headquartered in Rochester, NY, provides industrial and manufacturing applications from concept to completion. Optimation has several locations in the U.S., including corporate headquarters in Rush, NY, development and fabrication facilities in Rochester, NY, and other engineering offices in Boston, Dallas, Denver, Houston, Minneapolis, Philadelphia, Syracuse, and recently, Keene, NH.
CONTACT
Automotive & Truck
Automotive & Truck
RECENT DPP TRANSACTIONS
