Business Acquisition and Merger Associates ("BAMA") advises Talladega Machinery and Supply Co,("TMS") on the sale of its Parker Hannifin operating assets to AFP Industries, Inc.
"It was important to find a buyer who recognized the value of our Parker Hannifin line, committed to take care of our employees going forward and could close quickly," noted David Heacock, CEO of TMS. "AFP checked all these boxes and they were true professionals throughout this process."
BAMA acted as advisor to Talladega Machinery and Supply. Financial terms for the transaction will not be disclosed.
Business Acquisition & Merger Associates, a Charlotte, NC advisory firm, assists business owners in growth recapitalizations, business transfers to financial or strategic buyers, and management buyouts. BAMA also helps companies grow by providing buy-side sourcing services that identify potential add-on acquisitions to expand geographic footprint or add strategic products and capabilities.
Talladega Machinery and Supply Co, is a turnkey solution offering foundry, machining, fabrication and assembly services. In addition, TMS supplied a full line of industrial products through their Parker Store in Fayetteville, NC. This store carries hydraulic hoses, air hoses, quick couplings, brass items, adapters and various fittings.
AFP Industries, founded in 1971, is a distributor of motion and control products for a variety of industries including industrial, marine, military, food processing and more. They are a leading solution for hydraulic, pneumatic, electrical, instrumentation and manufacturing needs in the Southeast.