Par-Kan Company Acquired by GB Manufacturing Company
January 1, 2016 DELTA, OH / SILVER LAKE, IN: GB Manufacturing Company is pleased to announce its acquisition of all of the assets of Par-Kan Company, a leading manufacturer and marketer of agricultural grain and seed handling equipment, towable airport ground support equipment and refuse handling equipment.
Par-Kan’s roots date back almost 60 years to S.L. Parker’s opening of a metal fabrication business to satisfy the equipment needs of his farmer neighbors. Over the decades since, the Company has developed innovative products for the agriculture and other markets by following the simple vision of its founder: to constantly strive to satisfy the customers’ requirements, by providing quality, value and performance.
Son of S.L. and current owner, Steve Parker, said: “I am confident that the folks at GB will carry on the traditions long established by the company.”
The Principals of True North, acting in the capacity of registered agents of Burch & Company, Inc. (“Burch”), were the lead strategic and financial advisors to Par-Kan on the sale of its assets to BG Manufacturing. In order to assist True North with securities related transactions, its principals are registered investment banking agents of Burch & Company, Inc, member FINRA/SiPC. Burch and True North are not affiliated entities.