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Jakel Manufacturing |
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Howard Industries was invited to aquire Jakel as a result
of the family's desire for liquidity and a transition event. There were many family shareholders
and only a few that were involved in the business on a daily basis. A market value was established
for all shareholders and all were paid out at closing. The active family members reinvested along
with Howard Industries. The next six years were spent discovering and penetrating niche markets.
Leveraging off of the core foundation of the business that had been developed over many years,
Jakel successfully introduced new products and developed a broader range of value added solutions
to existing and new customers. Despite the commodity nature of the subfractional motor, Jakel
was able to effectively compete against Asian imports with its innovative manufacturing techniques.
Significant investments were made as complementary acquisitions were made, greenfield sites
constructed, and plants expanded. After significant value was created, the management team wanted
to transition to different opportunities, which was the impetus for the sale of the company.
Bob Jakel, the president, remains a partner at Howard Industries bringing his expertise to all
its investments. |
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