Transaction Overview
- Represented Viking Engineering & Development (“Viking”), on its sale to StoneTree Investment Partners.
- Viking is a leading manufacturer of automated assembly and fastening equipment primarily serving manufacturers in the wood pallet and bed frame industries.
- In addition to equipment, Viking delivers end-to-end customer service by providing parts, installation, service, and nails supply.
Drivers of Interest
- Market-leading one-stop shop original equipment manufacturer.
- Highly diverse and loyal customer base.
- Large, growing installed base which fueled a stable base of recurring revenue.
- Undeniable long-term trends in automation.
- New facility to support future growth.
- Experienced management team.
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