September 30, 2016
BOSTON, MA -- Dunn Rush & Co. LLC is pleased to announce the recent closing of the sale of Heyco Products, Inc. (“Heyco Products”) to Penn Engineering & Manufacturing Corp. (“PennEngineering”). Dunn Rush & Co. served as financial advisor to Heyco Products in the transaction.
Heyco Products (www.heyco.com) designs and manufactures molded wire protection products, plastic fasteners, molded components and stamped electrical components to meet the needs of industrial, medical, appliance, transportation, alternative energy, lighting, and aerospace companies. With a well-known brand name, Heyco Products has a modern, globally certified, U.S.-based manufacturing facility with vast expertise in injection molding, progressive stamping, over molding, and assembly processes and techniques. Heyco Products was founded in 1926 and is based in Toms River, New Jersey.
PennEngineering (www.pemnet.com) is the global leader in the development and manufacture of precision fasteners, components and installation systems, specializing in thin sheet attachment solutions. With globally recognized brands including PEM®, microPEM®, PEMSERTER®, PROFIL®, PennAuto™, and Atlas®, the company provides design and product solutions worldwide for diverse industries, including electronics, computer, data/telecom, medical, automotive, aerospace/aircraft, and general manufacturing. The company operates fastener manufacturing facilities and key sales offices in North America, Europe, and Asia and is supported by a worldwide network of authorized engineering representatives and distributors.
Dunn Rush & Co. LLC was founded in 2009 to provide high quality merger and acquisition advisory services to middle market companies valued between $20 million and $250 million. Dunn Rush & Co. LLC has significant expertise in the following industry sectors: Business Services; Consumer; Defense & Security; Healthy Living; Instrumentation; Manufacturing & Distribution; Medical Technology & Services; and Technology, Software & Data Services. The Firm is a registered Broker-Dealer and is headquartered at 225 Franklin Street, Boston MA 02110. For further information, please visit our website at www.dunnrush.com or contact us at 617-451-0001.
I’ve known the principals of Dunn Rush & Co. for a number of years and have had the opportunity to work with them in many different capacities. They’re true professionals, with deep experience in a wide range of transactions, across several industries. They are good people, and I have always enjoyed working with them. You can trust them to provide top-quality advice no matter what your situation or circumstances.
Mark Bono, Founder, Guide Capital Partners
We had a challenging transaction – selling our Fulflex division to an international buyer who was also a major joint venture partner of ours. We engaged Dunn Rush & Co. to help us navigate through the anticipated and unforeseen issues. They were with us every step of the way and their experience and knowledge was instrumental in accomplishing our goals.
Alexandra Moore, EVP and Owner, The Moore Company, and its former subsidiary Fulflex, Inc.
I was approached by multiple potential buyers and knew I needed help to navigate the process while continuing to run my business. Dunn Rush was instrumental in organizing the data room, managing the bidding, facilitating negotiations, maintaining positive communications, maximizing the sale price and getting it over the goal line. I highly recommend Kevin and Greg.
Bob Keeley, Former Owner and CEO, Diversified Project Management, Inc.