Gilman USA

Gilman USA (“Gilman”) manufactures high-quality, precision-machined CNC spindles, slides, and other components required by mission-critical, tight-tolerance, niche industrial production equipment. From its ISO-Certified operating facility located in Grafton, Wisconsin, Gilman has established a strong industry reputation for its commitment to quality over its more than 70-year history. The Company’s highly-engineered components are essential to the industrial equipment used by customers in the aerospace, automotive, food & beverage, and medical device industries. In addition to its niche manufacturing capabilities, Gilman provides spindle and slide repair services for a wide range of OEM brands.

As Gilman’s leadership team, which included the Company’s three owners, contemplated future goals, ownership was introduced to Promontory. Promontory’s engagement began with first gaining a complete understanding of ownership’s objectives, which included achieving shareholder liquidity goals and also identifying a partner to support Gilman’s next phase of growth. Promontory prepared a detailed Memorandum describing the business and researched potential acquirers that would be interested in Gilman’s unique capabilities and markets of focus. After executing a confidential outreach process and securing competing bids from interested parties, Promontory helped negotiate a Letter of Intent with Madison Lake Capital, a private investment firm.