The Bostwick-Braun Company Acquires JMC Sales and Engineering
The Principals of True North Strategic Advisors, LLC advised The Bostwick-Braun Company on its acquisition of JMC Sales & Engineering, Indianapolis, Indiana. The transaction was effective December 31, 2010. JMC Sales & Engineering is a leading manufacturing tool distributor located in the heart of the Midwest, with headquarters in Indianapolis and a branch operation in Fort Wayne, Indiana. The company will operate as a wholly owned subsidiary of The Bostwick-Braun Company.
The JMC organization is headed by Dave Mayer, who was sole owner of the firm. Under Dave’s outstanding leadership, the company was able to weather the devastating manufacturing recession of 2009 and rebound solidly in 2010. He will continue to serve as President and Chief Operating Officer of the JMC Sales and Engineering division of The Bostwick-Braun Company.
The JMC Sales and Engineering division will continue to operate out of the Indianapolis and Fort Wayne facilities. JMC is seen as a strong, profitable operation that will make a positive contribution to Bostwick Braun’s shareholder value. This merger adds another block to the solid, diverse foundation which Bostwick is building for the future.
The Principals of True North, acting in the capacity of registered agents of Burch & Company, Inc. were the lead strategic and financial advisors to The Bostwick-Braun Company in this transaction. The transaction was effective December 31, 2010. In order to assist True North with securities related transactions, including capital raises, its principals are registered investment banking agents of Burch & Company, Inc, member FINRA/SiPC. Burch and True North are not affiliated entities.