Champaign, IL – H3 Manufacturing (“H3” or the “Company”), owned by Aldine Capital, Capital For Business and CEO Steve Hillard, was acquired by Rock Gate Partners and Ironwood Capital. Hennepin Partners acted as H3’s exclusive financial advisor. Terms of the transaction were not disclosed. Husch Blackwell served as legal counsel to the Company.
Headquartered in Champaign, Illinois, with additional facilities in Schaumburg and Fisher, Illinois, H3 specializes in high-quality precision CNC machining, sheet metal fabrication, certified welding, finishing, and value-added assemblies. H3 serves diverse industries including aerospace and defense, medical devices, power generation, life sciences, and electric grid infrastructure. With a comprehensive suite of manufacturing capabilities, H3 is as a one-stop-shop for its customers’ diverse manufacturing and assembly needs. The Company has a long-standing reputation as a high-quality manufacturing partner, committed to exceptional customer service and fostering strong customer relationships.
Brian Lamp, Director at Aldine Capital Partners, commented, “From start to finish, the Hennepin Partners team ran a first-class process, culminating in a successful outcome for all shareholders. The depth of the Hennepin Partners team and the commitment of the senior bankers to lead every phase of the process was impressive.”
Eddie Trigo, Vice President at Capital for Business, added, “Hennepin Partners’ advice and process leadership was key to getting us a successful outcome. H3 and its management team are world-class and we wish them continued success alongside Rock Gate and Ironwood.”
“The Hennepin Partners team was an invaluable partner to the H3 team. They understood our business and executed a process to find the best partner for the next phase of H3’s growth,” stated Steve Hillard, CEO of H3. “The HP team was a tireless advocate for the Company and we couldn’t be happier that we selected them to guide us through this process. We’re excited about H3’s partnership with Rock Gate and Ironwoood, continuing to grow and serve our customers.”