Atlantic Management Company, Inc. Advises on ESOP Transaction

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Atlantic Management Company, Inc. Advises on ESOP Transaction. The Ownership Transition Group specializes in ESOPs, mergers and acquisitions, and business succession strategies for closely-held companies.

Portsmouth, NH. – September 20, 2018 – Atlantic Management Company, Inc., a Portsmouth, NH based valuation and financial advisory firm, is pleased to announce that the Swissturn/USA, Inc. Employee Stock Ownership Plan has acquired an interest in Swissturn/USA, Inc. of Oxford, MA. Atlantic Management Company, Inc. served as independent appraiser to the trustees of the ESOP and assisted in structuring the transaction.

Swissturn/USA and its 60 employees manufacture precision machined parts and specializes in “Swiss Screw” machine products. Swiss Screw machines are automated, high precision lathes used to manufacture small metal and plastic components for medical and laboratory instruments, firearms, office machines, valves, consumer products, and other industrial products.

The Company has built a culture that provides employees significant autonomy through self-directed work teams, and now that the employees are employee-owners, they will share in the financial success of Swissturn/USA. Being an employee-owned Company ensures Swissturn/USA will remain an independent, locally operated company, and the values that have allowed Swissturn/USA to prosper for nearly 30 years will continue unchanged.

“Atlantic Management has been an excellent choice for us. They helped us move through the transaction relatively easy, and I highly recommend their firm”, commented Ken Mandile, president of Swissturn/USA.

John P. Murphy, president at Atlantic Management noted, “We appreciate the opportunity to have worked with the Swissturn/USA team, and look forward to continuing our relationship with the company’s employee-owners as they build a significant retirement benefit.

About Atlantic Management Company

Atlantic Management Company, Inc. is a leading valuation and financial advisory firm serving the business, legal and financial communities from its offices in Portsmouth, New Hampshire. Founded in 1968, the firm’s Valuation Group provides business valuations, fairness and solvency opinions, and litigation support for private and public companies. The Ownership Transition Group specializes in ESOPs, mergers and acquisitions, and business succession strategies for closely-held companies.

Contact Info:
Name: Brady Finney
Email: Send Email
Organization: Atlantic Management Company
Address: 875 Greenland Rd. Suite A12, Portsmouth, NH 03801, United States
Phone: +1-603-427-8760
Website: https://www.atlantic-mgmt.com

Source: PressCable

Release ID: 410599