Citizens M&A Advisory has served as the exclusive M&A advisor to Tube Processing Corporation in its sale of its Commercial Tube Processing Division (CTP) to Nelson Global Products, a portfolio company of Wind Point Partners.
Established in 1974, CTP is a manufacturer of complex, high-performance tube assemblies, metal fabrications and precision weldments for OEMs in a diverse set of end markets including on-highway, off-highway, construction and military durable equipment. Tube Processing Corporation has been run by George Seybert and his family since 1939. CTP’s new state-of-the-art facility, located on Fortune CircleWest in Indianapolis, is a testament to the Seybert family’s vision of continued growth.
Katherine Seybert Jacobsen, president and CEO of Tube Processing Corporation, says: “Deciding to proceed with the divestiture of our diesel engine market division, CTP, was hard; however, we were even more overwhelmed with the amount of work that a transaction process required. Engaging Mark Filippell of Citizens allowed us to move forward with the peace of mind we needed. We are now post close and couldn’t be happier with the outcome.”
Citizens M&A Advisory Managing Director Mark Filippell, says: “Katherine Seybert Jacobsen and the entire Seybert family take their commitment seriously to their employees, suppliers, customers and the community at large. In this spirit, they built CTP into a world-class manufacturer. We are proud to have been able to assist them in CTP’s transition to its next chapter as part of Nelson Global Products.”
Citizens M&A Advisory specialises in middle-market mergers and acquisitions. Citizens combines sector intelligence with a client-focused approach to realise our clients’ true value. The Citizens team has closed more than 150 transactions in the last five years and has more than 60 M&A professionals specialising in a range of industries across the United States. Citizens M&A Advisory is part of Citizens Capital Markets, Inc, a subsidiary of Citizens Financial Group (NYSE: CFG).
