Generational Capital Markets, Inc., member FINRA/SIPC, ("GCM") an advisor to privately-held businesses for mergers & acquisitions, is pleased to announce the acquisition of its client, VCI, Inc. (VCI), headquartered in Sturgis, Michigan, by Basin Material Handling LLC ("Basin"), headquartered in New York, New York. The acquisition closed on December 10, 2015.
VCI is a manufacturer of customized material handling racks used for transporting various parts and components in the automotive and government contracting markets. The Company offers complete engineering capabilities along with fabrication, welding, laser cutting, water jet cutting, turret punching, robotic welding, finishing, and assembly operations. To learn more, visit www.vciusa.com.
Managing Directors Phil Pizzurro and Jim Korreck were the GCM M&A advisors for VCI on the transaction. "It was a privilege to represent VCI in this transaction. The geographic, customer, and purchasing synergies achieved in this acquisition will yield significant value to the combined entity's capabilities, customers and employees," Phil Pizzurro added. Basin Material Handling is a division of Basin Holdings, an industrial holding company focused on the global energy and industrial manufacturing markets. Basin Holdings has over 1,400 employees across 22 operating units and sells to customers in 25 countries. To learn more, visit www.basinholdings.com.