Milwaukee-based investment advisory firm M&A Consultants Ltd. advised on a recent acquisition of an Illinois company by Hitachi America Ltd.
Hitachi acquired substantially all of the assets of Elk Grove, Ill.-based IMS-Partners Inc., and M&A Consultants assisted IMS-Partners in the negotiations and its valuation. Financial terms of the transaction were not disclosed.
IMS, founded in 1988, offers customized solutions for Midwestern manufacturers in the areas of gluing, taping, labeling, stenciling, and marking inks and glues. Its current leadership will continue at the helm of the new company.
The company formed by the transaction is Hitachi Industrial Equipment Marking Solutions Inc. Its headquarters will be in Elk Grove.
Hitachi supplied some of IMS’ products. It plans to expand the business nationally.
