Mirus Capital Advisors advises Bradford Machine on its acquisition by Prince Industries
BURLINGTON, Mass., – Mirus Capital Advisors, Inc., one of the largest independent middle-market investment banking firms in New England, is pleased to announce that it has advised Bradford Machine, a fully automated, tight tolerance precision machining business, on its acquisition by Prince Industries, a leading precision machining and sheet metal fabrication company which is an HC Private Investments portfolio company. Terms of the transaction were not disclosed.
Bradford Machine, based in Brattleboro, Vermont, is a leading provider of precision machining services with sophisticated machining capabilities including 5-axis CNC milling, turning, EDM wire, and finishing. The company excels at producing complex parts with tight tolerances for a variety of large and growing end markets, including medical device, aerospace, laboratory equipment, and optical, among others.
Prince Industries is a precision machining and sheet metal fabrication company focused on the industrial, aerospace, and medical end markets. Prince provides its customers with a full suite of services from engineering and product design to material selection, process mapping, welding, powder coating and assembly. Originally acquired by HCPI in 2022 and still led by its founding family member, CEO Mark Miller, Prince has over 400 employees across six manufacturing facilities globally. “The acquisition of Bradford Machine significantly enhances our medical device capabilities,” said Miller. “With Bradford’s invaluable long-term customer relationships and advanced machining capabilities, we are excited to partner with their talented management team and offer their customers increased manufacturing competencies and a national manufacturing footprint.”
“Mirus did a great job advising and supporting me in the sale of Bradford Machine,” said Jim Hayssen, president and owner of Bradford Machine. “I selected them for their experience selling other similar precision machining businesses. The sale process is overwhelming for a small business like mine. Their industry knowledge and process expertise were invaluable. More importantly, they provided most of the effort to present us professionally and answer the endless questions throughout the process. In the end, we entertained multiple offers for more than I had thought possible.”
“We congratulate Jim Hayssen and his team for their success in growing Bradford Machine during the 20 years of Jim’s ownership, and in establishing Bradford as a mission-critical supplier to its leading customers,” said Mirus partners Andrew Crain and Kate Soto. “We’re honored that Jim selected Mirus to advise him on this milestone transaction and we’re pleased that Prince Industries and HC Private Investments clearly saw the benefits of acquiring Bradford.”
For more information, please visit https://www.princeind.com.
About Mirus Capital Advisors, Inc.
Successful business owners have turned to Mirus Capital Advisors for more than 35 years to help them realize their ultimate accomplishment – the sale of their business. As a mid-market investment bank focused on mergers and acquisitions, Mirus drives successful deals for companies in the industrial, business services, technology, consumer products, and healthcare sectors. Mirus has proven time and again that its deep industry expertise, focus on relationships, thorough preparation, and unwavering commitment to every deal lead to meaningful accomplishments for business owners. For more, visit www.merger.com