Serving as the Exclusive Financial Advisor
DENVER – Class VI Partners (formerly CapitalValue Advisors (“CVA”)) is pleased to announce the acquisition of Vantage Technology, LLC (“Vantage”) of Denver, Colorado, by Hubbell Incorporated’s (NYSE: HUBA, HUBB) subsidiary, Hubbell Incorporated (Delaware). Class VI Partners served as the exclusive financial advisor to Vantage. “Vantage Technology has a great reputation within the explosion proof connector industry,” said David Tolson, Class VI Partners Managing Director. “We believe that the company will continue to flourish as a part of Hubbell and will enhance the product offering of Hubbell immediately.”
Vantage Technology Business Sale
Vantage Technology, LLC was founded in 1997 with the goal of being the premier manufacturer of explosion proof connectors. With a foundation of expert personnel and a highly recognized product within the industry, Vantage has developed the industry’s most extensive line of third party certified explosion proof connectors. All of Vantage’s products are manufactured and assembled in the US with the corporate headquarters located in Englewood, Colorado.
“Class VI played a critical role in this process,” said Dean Cahow, CEO for Vantage. “Prior to hiring Class VI, we considered handling this process ourselves….thank goodness we didn’t. The deal process is complicated and Class VI not only negotiated with several buyers, but managed the minutiae of due diligence as well. The result was a great deal for all parties. I cannot speak highly enough of the job that Jason and David at Class VI did for us.”
Business Acquisition and Expansion
Hubbell Incorporated is an international manufacturer of quality electrical and electronic products for a broad range of non-residential and residential construction, industrial and utility applications. With 2011 revenues of $2.9 billion, Hubbell Incorporated operates manufacturing facilities in the United States, Canada, Switzerland, Puerto Rico, Mexico, the People’s Republic of China, Italy, the United Kingdom, Brazil and Australia. Hubbell also participates in joint ventures in Taiwan and Hong Kong, and maintains sales offices in Singapore, the People’s Republic of China, Mexico, South Korea, and the Middle East.
The corporate headquarters is located in Shelton, Connecticut. The combination of the two businesses enables Hubbell the ability to offer its clientele a complete solution for their explosion proof connector needs.
“Bringing Vantage and Hubbell together is a natural fit,” said Mr. Cahow. “Our respective strengths are tremendously compatible and complimentary. Combining them yields an impressive depth and range of services and electrical interconnect products, particularly in the specialty fields of Hazardous and Severe Environments. Independently, Hubbell and Vantage have served our customers well; together we can do even more for them.”
About Class VI Partners
Class VI provides middle-market investment banking services, including mergers and acquisitions advisory, corporate advisory, business valuation, and private capital raising services through its affiliate, Class VI Securities, LLC and Member FINRA. Class VI is also affiliated with and offers wealth management services through Class VI Family Office, LLC, a Registered Investment Advisor with the Securities & Exchange Commission.
Dean Cahow, CEO of Vantage, is a client of Class VI Partners and is not being compensated for sharing their opinion and experience with the firm. Any compensation creates a conflict of interest. Comments by Dean Cahow may not be representative of any other person’s experience with the firm and are no guarantee of future performance or success.
Additional Disclosures
Investment advisory services offered through Class VI Partners’ affiliate Class VI Family Office, LLC, a Registered Investment Adviser with the U.S Securities and Exchange Commission. Class VI Partners offers investment banking and private securities transactions through its affiliate, Class VI Securities, LLC. Class VI Securities, LLC is a registered broker/dealer and member of the Financial Industry Regulatory Authority (FINRA). Class VI Pathfinder, LLC provides general business consulting to privately held businesses. Collectively these entities are referred to herein as “Class VI”.
Testimonials may not be representative of the experience of other customers. Any promotion, either via testimonial or endorsement, is unpaid (in cash or non-cash form) and does not guarantee future performance or success. We believe that all information provided is from credible and reliable sources. This information does not constitute advice or a recommendation or offer to sell or a solicitation to deal in any security or financial product. It is provided for information purposes only and on the understanding that the recipient has sufficient knowledge and experience to be able to understand and make their own evaluation of the proposals and services described herein, any risks associated therewith and any related legal, tax, accounting or other material considerations.