TrueNorth Advises Lisk on next acquisition, Preinsa located in Costa Rica
Stamford, CT, September 12, 2023 – TrueNorth Capital Partners LLC is pleased to announce that its wholly-owned subsidiary, TNCP, LLC (“TrueNorth”) acted as exclusive M&A advisor to G.W. Lisk Company, a global leader in engineered solutions for aerospace, on-highway equipment, oil & gas and mobile industrial hydraulics, advising on its acquisition of Preinsa, a Costa Rican manufacturer specializing in machining of high-precision parts in both metallic and polymeric materials. The acquisition comes shortly after the addition of Tico Electronics, a Costa Rican manufacturer specializing in complex assemblies, creating a strong manufacturing presence for Lisk in Costa Rica.
Preinsa’s capability of machining precision components for high tech manufacturing industries will support Lisk’s overall growth strategy, opening new markets and helping to meet the needs of customers across a variety of industries. The addition of Preinsa’s machining capabilities and employee talent will enhance our opportunities to serve our global customers,” commented G.W. Lisk Company President and CEO, Ed Maier.
Preinsa will continue to operate independently as a division of G.W. Lisk Company. Members of the Preinsa’s executive team will work alongside their Lisk teammates to realize the benefits of this business combination. Preinsa’s Managing Director, Rafael Ramírez added, “Preinsa is excited to join the G.W. Lisk team. We believe our manufacturing strengths are aligned to G.W. Lisk’s product, technology and customer base”.
For more information about the acquisition visit gwlisk.com.
About G.W.Lisk Company
G.W. Lisk Company is a global leader in the design and manufacture of engineered solutions including electrical actuators, solenoids, solenoid valves, linear and rotary position sensors, and flame arrestors. The company serves hundreds of customers in diverse markets throughout the world with market-leading solutions enabled by its extensive design, test and manufacturing capabilities. For more information about G.W. Lisk Company visit www.gwlisk.com
About Preinsa
PREINSA manufactures precision parts for the assembly and manufacturing industry. With its experience in the market, it has developed strategic relationships with a highly qualified group of other manufacturing companies that are located in close proximity to the company. The custom parts manufactured by Preinsa are manufactured to the standards and technical specifications submitted by its customers. For more information about Preinsa visit www.preinsa.com
Any further inquiries can be directed to TrueNorth at the contact information provided below:
Jeffrey Gaynor, Managing Director
Direct Dial Phone Number: (203) 817-0277
Email address: [email protected]
Mark Crouch, Managing Director
Direct Dial Phone Number: (913) 320-2674
Email address: [email protected]
About TrueNorth Capital Partners LLC:
TrueNorth provides advisory services to companies seeking advice for middle-market M&A and financing transactions. With offices in Stamford CT, Charleston SC, Central, NJ, Naples, FL, Minneapolis, MN and London, UK, TrueNorth is a boutique investment bank comprised of senior bankers providing a full complement of financial advisory services. Our focus on the middle-market enables us to provide independent, value-added advisory services to privately held middle-market companies, private equity and family office groups and corporate clients, both domestic and international, across a broad range of industries. TrueNorth conducts its securities related business through its wholly owned subsidiary, TNCP, LLC, member FINRA/SIPC.
About Scout Valuations LLC:
Scout Valuations, a wholly owned subsidiary of TrueNorth, is fully dedicated to business valuation. We provide thorough, independent valuation analyses together with superior client service and responsiveness. Our analyses combine a detailed understanding of the business, industry and economic context, with the insight to address complex valuation issues regarding your business.